New global biodiversity fund to restore nature worldwide by 2030 officially launches
New global biodiversity fund to restore nature worldwide by 2030 ... Mongabay.com
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Representatives of 185 Countries Launch New Fund to Support Global Biodiversity Goals
Yesterday, representatives of 185 countries officially agreed to launch a new fund to ramp up investment in meeting major global biodiversity goals.
The Global Biodiversity Framework Fund (GBFF)
The new Global Biodiversity Framework Fund (GBFF) was ratified at the Global Environmental Facility’s (GEF) seventh assembly in Vancouver, Canada, with wildfires in British Columbia as a backdrop. This comes after global delegates at the U.N. biodiversity conference (COP15) committed last December in Montreal to meet a set of goals outlined in the global biodiversity framework. This framework is designed to help halt and reverse biodiversity loss and put nature on a path to recovery by 2030.
Investment in Conservation and Sustainability
The fund will mobilize and accelerate investment from governments, philanthropy, and the private sector to support nations in the conservation and sustainability of wild species and ecosystems whose health is threatened by wildfires, flooding, extreme weather, and human activity, including unsustainable industrial agriculture, consumption and production pressures, and urban sprawl.
According to an in-depth assessment by the Intergovernmental Science-Policy Platform on Biodiversity and Ecosystem Services, or IPBES, in 2019, one million species of plants and animals face extinction.
Targets and Contributions
Targets include about 20% of funds to support Indigenous and local action to protect and conserve biodiversity and at least 36% of the fund’s resources to support the most vulnerable people, small island developing states, and least developed countries.
So far, Canada and the U.K. announced initial contributions to start the fund’s capitalization, contributing $146.8 million (CA$200 million) and $12.58 million (£10 million), respectively.
Importance of Sustainable Development Goals (SDGs)
The Global Biodiversity Framework Fund aligns with the Sustainable Development Goals (SDGs) set by the United Nations. It aims to address the urgent need for biodiversity conservation and sustainable development worldwide.
Call for Additional Contributions
Some human rights and environmental activists are calling for more contributions needed to operationalize the fund and firm commitment to allocate funds to Indigenous groups.
Conclusion
The launch of the Global Biodiversity Framework Fund is a significant step towards achieving global biodiversity goals. The fund will provide crucial support to nations in their efforts to protect and conserve biodiversity, with a focus on Indigenous and local action and support for vulnerable regions. However, additional contributions are needed to fully operationalize the fund and ensure the inclusion of Indigenous groups in conservation efforts.
SDGs, Targets, and Indicators in the Article
1. Which SDGs are addressed or connected to the issues highlighted in the article?
- SDG 14: Life Below Water – The article discusses the need to conserve and sustainably manage wild species and ecosystems threatened by human activity, including unsustainable industrial agriculture and urban sprawl.
- SDG 15: Life on Land – The article highlights the goal of halting and reversing biodiversity loss and putting nature on a path to recovery by 2030.
2. What specific targets under those SDGs can be identified based on the article’s content?
- Target 14.2: By 2020, sustainably manage and protect marine and coastal ecosystems to avoid significant adverse impacts, including by strengthening their resilience and taking action for their restoration, to achieve healthy and productive oceans.
- Target 15.5: Take urgent and significant action to reduce the degradation of natural habitats, halt the loss of biodiversity, and protect and prevent the extinction of threatened species.
3. Are there any indicators mentioned or implied in the article that can be used to measure progress towards the identified targets?
- Indicator 14.2.1: Proportion of national exclusive economic zones managed using ecosystem-based approaches.
- Indicator 15.5.1: Red List Index.
The article mentions the need to conserve and sustainably manage marine and coastal ecosystems (connected to SDG 14) and take urgent action to reduce biodiversity loss and protect threatened species (connected to SDG 15). These align with Target 14.2 and Target 15.5, respectively. The indicators mentioned above can be used to measure progress towards these targets.
Table: SDGs, Targets, and Indicators
| SDGs | Targets | Indicators |
|---|---|---|
| SDG 14: Life Below Water | Target 14.2: By 2020, sustainably manage and protect marine and coastal ecosystems to avoid significant adverse impacts, including by strengthening their resilience and taking action for their restoration, to achieve healthy and productive oceans. | Indicator 14.2.1: Proportion of national exclusive economic zones managed using ecosystem-based approaches. |
| SDG 15: Life on Land | Target 15.5: Take urgent and significant action to reduce the degradation of natural habitats, halt the loss of biodiversity, and protect and prevent the extinction of threatened species. | Indicator 15.5.1: Red List Index. |
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Source: news.mongabay.com
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