How Can Biodiversity Finance Plans Support NBSAPs?

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At the Conference of the Parties to the Convention on Biological Diversity 15 (CBD COP 15) in 2022, countries agreed to review and update their National Biodiversity Strategy and Action Plans (NBSAPs) and to develop, update and implement national Biodiversity Finance Plans (BFPs).

The NBSAPs serve as the basic policy framework for the implementation of the CBD at the national level and BFPs aim to close the biodiversity financing gap and support efforts to achieve the NBSAP targets.

This report provides a brief overview of the two policy mechanisms, emphasizes their complementarity and guides their joint development to deepen their impact.