Financial mechanism

In accordance with decision I/2 of the Conference of the Parties to the Convention on Biological Diversity, the Global Environment Facility (GEF) serves as the institutional structure to operate the financial mechanism under the Convention. The relationship between the GEF and the Convention is governed by a Memorandum of Understanding (MoU) between the Conference of the Parties to the Convention (COP) and the Council of the GEF, which was adopted by the COP in its decision III/8. Under that MoU, the GEF functions under the authority and guidance of, and is accountable to, the COP for the purposes of the Convention.

The Conference of the Parties serving as the meeting of the Parties to the Nagoya Protocol provides guidance with respect to the financial mechanism for consideration by the Conference of the Parties to the Convention.

Click here for more information on the financial mechanism of the Convention and its Protocols, and here for further information on GEF support to access and benefit-sharing.

Article 25 paragraph 2, of the Nagoya Protocol designated the financial mechanism of the Convention as the financial mechanism for the Protocol.

COP-MOP Documents

ICNP Recommendations

Developments since entry into force of the Protocol

COP-MOP 3 (November 2018)

At its third meeting, the Conference of the Parties serving as the meeting of the Parties to the Nagoya Protocol (COP-MOP) considered a note by the Executive Secretary on the financial mechanism and resources (Article 25) of the Protocol containing information on sixth-replenishment support to the Nagoya Protocol and the seventh-replenishment programming for the Nagoya Protocol.

Accordingly, COP-MOP adopted decision NP-3/8, which encouraged eligible Parties to prioritize ABS projects during the programming of their seventh-replenishment national allocations under the System for Transparent Allocation of Resources (STAR) and to incorporate ABS activities in projects developed under other programmes of the Global Environment Facility. Furthermore, COP-MOP encouraged Parties to cooperate at the regional and subregional levels and to request support from the Global Environment Facility for joint projects in order to maximize synergies and opportunities for cost-effective sharing of resources, information, experiences and expertise.

COP-MOP 2 (December 2016)
At its second meeting, the Conference of the Parties serving as the meeting of the Parties to the Nagoya Protocol (COP-MOP) considered the update on the implementation of Article 25 of the Protocol prepared by the Executive Secretary (UNEP/CBD/NP/COP-MOP/2/5), containing information related to guidance to the Global Environment Facility (GEF), reporting, review of effectiveness, and determination of funding needs as well as the latest developments in resource mobilization for the Protocol. The COP-MOP adopted decision NP-2/6 which recommended, among other things, elements for inclusion in the decision on the financial mechanism to be adopted by the Conference of the Parties (COP) to the Convention, in view of the seventh replenishment of the GEF.

Decision XIII/21 of COP 13 contains the latest consolidated list of programme priorities and the latest four-year outcome-oriented framework of programme priorities related to utilization of GEF resources for biodiversity during its seventh replenishment period.

COP-MOP 1 (October 2014)
At its first meeting, the COP-MOP considered matters related to the financial mechanism on the basis of recommendation 2/1 of the ICNP and a document prepared by the Executive Secretary (UNEP/CBD/NP/COP-MOP/1/4), and adopted decision NP-1/6. The decision related to the operational arrangements between the Convention and the Council of the GEF with respect to the Nagoya Protocol and recommendations to Parties in relation to actions to be considered during the sixth GEF replenishment (GEF-6) period.

In decision XII/30, COP 12 invited the financial mechanism to implement the guidance provided by the COP-MOP in decision NP-1/6 in relation to programme priorities and eligibility criteria for GEF funding.

Developments prior to the entry into force of the Protocol

Prior to the entry into force of the Protocol, an interim body, the Intergovernmental Committee for the Nagoya Protocol (ICNP) was established by the Conference of the Parties to the Convention on Biological Diversity (decision X/1) to undertake the preparations for the first meeting of the Parties to the Protocol.

ICNP-2 (July 2012)

At its second meeting, the ICNP considered a note by the Executive Secretary on the elaboration of guidance for the financial mechanism (UNEP/CBD/ICNP/2/3), taking into consideration views and information submitted by Parties and other stakeholders on the issue. In recommendation 2/1, the ICNP made recommendations for the consideration of the first meeting of the COP-MOP and, in order to ensure the timely provision of guidance to the GEF on certain issues with respect to the Nagoya Protocol, also made recommendations for the consideration of the eleventh meeting of the COP.

In decision XI/5, COP 11 provided guidance to the GEF with respect to programme priorities for inclusion in the 2014-2018 framework, the Nagoya Protocol Implementation Fund and support for activities prior to the entry into force of the Protocol. Parties also emphasized the importance of having the necessary funds for activities to support ratification and the early entry into force and implementation of the Protocol.