Decision COP VI/16
UNEP/CBD/COP/DEC/VI/16
Additional financial resources
Taking note of the report by the Executive Secretary on additional financial resources, / the report of the Workshop on Financing for Biological Diversity held in Havana on 16-17 July 2001 / and the first CBD News Supplement on Financing for Biological Diversity, as well as the outcomes of the International Workshop on Financial Support for the Development of National Biosafety Frameworks organized by the United Nations Environment Programme in Havana on 14 July 2001,
Welcoming the positive outcome of the United Nations International Conference on Financing for Development, held in Monterrey, Mexico, in March 2002 as reflected in the Monterrey Consensus, which represents a crucial step towards achieving the goals of poverty eradication, sustained economic growth and promotion of sustainable development,
3.Notes the recent initiation of the Conservation Finance Alliance (CFA) facilitated by The Nature Conservancy, the Bureau of the Convention on Wetlands (Ramsar, Iran, 1971) and the Wildlife Conservation Society, involving non-governmental organizations, bilateral and multilateral agencies;
5.Urges donor countries to substantially replenish the Global Environment Facility to levels higher than the current for supporting developing countries, in particular the least developed and the small island developing States, and countries with economies in transition, to implement the Convention on Biological Diversity;
6.Invites Parties and Governments, funding institutions and development agencies, as well as other donors to communicate to the Executive Secretary their funding procedures, eligibility criteria and programme priorities in relation to biological diversity as well as their experience in mainstreaming biodiversity into funding operations;
(b)Review national budgets and monetary policies, including the effectiveness of official development assistance allocated to biological diversity, with a view to promoting the conservation and sustainable use of biological diversity, paying particular attention to positive incentives and their performance as well as perverse incentives and ways and means for their removal or mitigation;
8.Urges Parties and Governments, the World Bank, the International Monetary Fund, the United Nations Development Programme and other relevant institutions to take concrete action to review and further integrate biodiversity considerations in the development and implementation of major international development initiatives, such as the Highly Indebted Poor Countries (HIPC) Initiative, Poverty Reduction Strategies (PRSs), and Comprehensive Development Frameworks (CDF), as well as in national sustainable development plans and relevant sectoral policies and plans;
9.Requests the Global Environment Facility to explore opportunities to further develop, enhance and strengthen its catalytic role in identifying and promoting co-financing resources, and, also, to take definitive actions to explore and examine innovative and creative financing modalities to leverage increased funds from the private sector and non-traditional sources of funding;
10.Encourages the Organisation for Economic Co-operation and Development to integrate data collection efforts on aid targeting the implementation of the Convention on Biological Diversity into its regular data-collection activities, and invites the Organisation for Economic Co-operation and Development to provide information on financial flow statistics relating to the objectives of the Convention on Biological Diversity to the Conference of the Parties at its seventh meeting;
(a)In collaboration with the Global Environment Facility, to promote coordination, coherence, and synergies in financing for biological diversity among donor Parties and Governments, bilateral, regional and multilateral funding institutions and development agencies in order to avoid duplication of work, identify gaps in activities, and identify necessary activities and funding;
(b)In consultation with the Global Environment Facility, to make available, through the clearing-house mechanism, relevant funding information including success stories and best practices of utilizing available financial resources;
(d)In collaboration with the Global Environment Facility, to explore with interested partners opportunities of developing a global initiative on banking, business and biodiversity, taking into account the existing mechanisms and institutions, and other global and regional initiatives or processes, with a view to increasing funding for biodiversity and mainstreaming biodiversity into the financial sector;
(f)To compile information concerning the impacts of external debts on the conservation and sustainable use of biodiversity, and examine the possibility of utilizing debt for nature initiatives for supporting the implementation of the Convention on Biological Diversity, and make this information available on the website of the Convention;
- Body
- Conference of the Parties (COP)
- Meeting
- COP-067 - 19 April, 2002The Hague, Netherlands
- Decision document
- VI/16Additional financial resources
- Documents
- UNEP/CBD/COP/6/14UNEP/CBD/COP/8/INF/2
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