Decision COP IX/11
Review of implementation of Articles 20 and 21
1. Encourages the Parties and relevant organizations to improve the existing financial information through enhancing accuracy, consistency and delivery of existing data on biodiversity financing and improved reporting on funding needs and shortfalls for the Convention’s three objectives, and, in this context, requests the Executive Secretary to regularly update and further develop the Convention’s online network on finance;
2. Encourages the Parties and relevant organizations to intensify efforts to assess, as appropriate, the economic costs of the loss of biodiversity and its associated ecosystem services and of the failure to take measures to fulfil the three objectives of the Convention, as well as the benefits of early action to reduce loss of biological diversity and its associated ecosystem services, in order to inform decision-making and awareness-raising, inter alia through contributing to the “Global Study on the Economics of Ecosystems and Biodiversity;”
3. Urges the Global Environment Facility to continue to mobilize co-financing and other modes of financing for its projects related to implementation of the Convention, and requests the Global Environment Facility to continue to leverage financial resources to support the Convention’s objectives;
5. Recommends that Parties and relevant organizations identify, engage and increase South‑South cooperation as a complement to North-South cooperation to enhance technical, financial, scientific and technological cooperation and innovations, for biological diversity;
8. Invites the Conference of the Parties serving as the meeting of the Parties to the Kyoto Protocol to request the Adaptation Fund Board to consider the co-benefits of biodiversity and its associated ecosystem services in projects supported by the Adaptation Fund, where eligible Parties have identified it as a priority;
9. Requests the Executive Secretary to compile existing guidelines and best practices for mainstreaming financing of biodiversity and its associated ecosystem services into overall and sectoral planning as well as on financial needs assessment and make this information publicly available;
2. Also invites the Parties and relevant organizations, including United Nations development system, the World Bank, regional development banks and all other relevant international and regional bodies, as well as non-governmental organizations and business sector entities to take prompt actions to implement the strategy for resource mobilization in support of the achievement of the Convention’s three objectives;
4. Invites Parties to come forward with new and innovative financing mechanisms in support of the strategy for resource mobilization in accordance with Article 20 of the Convention, requests the Executive Secretary to support diffusion of such initiatives and requests the Global Environment Facility to support diffusion, and facilitate replication and scaling-up, of such initiatives that have proved to be successful;
5. Decides to review the implementation of the strategy for resource mobilization at its tenth meeting, and that the Executive Secretary shall prepare the necessary documentation pertinent to these goals for consideration by the Conference of the Parties;
7. Requests the Executive Secretary to prepare a compilation of the information provided in accordance with paragraph 6 of the present decision, including options on monitoring progress towards the goals and objectives of the resource mobilization strategy, and make it available three months prior to the third meeting of the Ad Hoc Open-ended Working Group on Review of Implementation of the Convention;
8. Requests the Ad Hoc Open Ended Group on Review of Implementation of the Convention to prepare at its third meeting a list of concrete activities and initiatives to achieve the strategic goals of the strategy for resource mobilization and on indicators to monitor the implementation of the Strategy, and submit it for consideration of the Conference of the Parties, at its tenth meeting;
Decides to adopt the following process in preparing for the implementation of goal 4 of the strategy:
(a) Requests the Executive Secretary to prepare a document on policy options concerning innovative financial mechanisms, with inputs from regional centers of excellence in a geographically balanced way and forward it to the Ad Hoc Working Group on Review of Implementation of the Convention;
(b) Requests the Ad Hoc Working Group on Review of Implementation of the Convention to identify a series of options and policy recommendations concerning innovative financial mechanisms, based on the above information and the submissions received from Parties in response to the invitation contained in paragraph 6 of the present decision;
- Body
- Conference of the Parties (COP)
- Meeting
- COP-0919 - 30 May, 2008Bonn, Germany
- Elements of decision
- 22 21 Operational 1 Informational
- Actors
- 30 11 Parties 5 Relevant organizations 2 Global Environment Facility 2 Government(s) 4 Executive Secretary of the Convention on Biological Diversity 1 Other Government(s) 1 United Nations Development Programme 1 International organizations 3 WGRI
- Decision document
- IX/11Review of implementation of Articles 20 and 21