The Kunming-Montreal Global Biodiversity Framework (GBF) calls for a whole-of-society approach to halting and reversing nature loss. UNDP BIOFIN and UNEP FI, supported by the Global Environment Facility, released a briefing note on how the NBSAP review can successfully engage public and private finance simultaneously. This will help prepare financial institutions to play their role in contributing to the goals and targets of the NBSAP in their respective countries. While relevance to each country’s circumstances, starting point, and key relevant sectors will vary, this briefing suggests some broad approaches and signposts to existing tools and guidance toward engaging the financial sector.
This briefing paper will help policymakers identify the private finance sector actors involved in nature, and how they can support the delivery of the Kunming-Montreal Global Biodiversity Framework. It also explores enhancement of portfolio alignment with nature targets by shifting financial flows away from nature-negative activities. Policymakers will also discover methods to unlock more private finance domestically while looking at available options to regulate the financial sector concerning biodiversity. Finally, the briefing will discuss the potential future for public-private collaboration on biodiversity finance.
