To halt and reverse global biodiversity loss, countries will need to scale up biodiversity-positive incentives and mobilise additional finance for the conservation, sustainable use and restoration of biodiversity. Market incentives for producers and consumers tend to promote biodiversity's decline rather than its sustainable use. Finance flows for biodiversity fall grossly short of financing needs. 

With the adoption of the Kunming-Montreal Global Biodiversity Strategy, governments committed to scaling up positive incentives for the conservation and sustainable use of biodiversity (target 18) and to mobilising USD 200 billion per year for biodiversity from all sources, including USD 30 billion through international financial resources from developed countries, encompassing official development assistance (ODA), and from countries that voluntarily assume obligations of developed countries, to developing countries by 2030 (target 19). These are two closely linked targets, as positive incentives can contribute to the achievement of target 19 by mobilising public and private finance.   With just six years to halt and reverse global biodiversity loss, the world must move swiftly to align economic incentives and scale up finance for biodiversity.

Bringing together a range of insights from both international organisations and countries, this event will present the latest data and trends on incentives and finance for biodiversity, including the role of development co-operation and biodiversity-related development finance. It will showcase latest initiatives, and highlights insights on barriers and opportunities for scaling up biodiversity-positive incentives and finance, domestically and internationally, to meet targets 18 and 19 of the Kunming-Montreal Global Biodiversity Framework.

Audience/target groups are CBD negotiators, policy and decision makers on different levels of governments as well as experts on biodiversity finance.

Agenda and speakers:

Introductory remarks and moderator: Kumi Kitamori, OECD Environment Deputy Director

Colombia: Juan Camilo Pinto, Advisor for Private Sector Affairs, Ministry of Environment

UK: Will Lockhart, Deputy Director, International Biodiversity and Wlidlife, DEFRA

EC: Hugo Schally, Lead Negotiator for CBD

Q&A

World Bank: Valerie Hickey, Global Director, Environment Department

IFAD: Marie-Aude Even, Senior Biodiversity Specialist

OECD: Edward Perry and Juan Casado-Asensio, Environment Directorate and Development Co-operation Directorate

Q&A

Closing remarks: Kumi Kitamori