The establishment of the first phase of the High-Level Panel (HLP), co-sponsored by the Governments of India and the United Kingdom, was welcomed by the fourth meeting of the Ad Hoc Open-Ended Working Group on Review and Implementation of the Convention (WGRI-4) [UNEP/CBD/WG-RI/REC/4/2
paragraph 1] and invited to report to the eleventh meeting of the Conference of the Parties (COP-11
) which was held on 8-19 October 2012, in Hyderabad, India.
The main objectives of the HLP (Phase 1) were: a) At the global level, to provide as robust an assessment as possible of the resources needed to achieve the 20 Aichi Targets (Decision X/2
) in the timeframe up to COP-11 recognizing that a comprehensive assessment may not be possible, but a credible assessment of current knowledge will be valuable; b) To present the cost estimates derived in the context of our knowledge about the benefits of biodiversity and current funding streams to help frame and stimulate discussion around meeting these resource needs; and c) to provide recommendations of future work which would help Parties better understand how they can finance the Strategic Plan for Biodiversity 2011-2020 (See the full notification