To ask the Secretary of State for Environment, Food and Rural Affairs, what steps the Government is taking in its COP26 presidency to encourage (a) wealthier nations and (b) other stakeholders to increase their finance contributions for the delivery of the Convention on Biological Diversity Global Biodiversity Framework.
Answered on
28 April 2022
Biodiversity loss is a global problem that needs a global solution. That is why the UK is committed to playing a leading role in developing an ambitious post-2020 Global Biodiversity Framework (GBF) of finance and targets to be adopted at COP15 of the Convention on Biological Diversity (CBD).
This is a crucial moment for donors and other public and private stakeholders to set out how they plan to contribute to an emerging finance target under the GBF. The UK Government is leading the way with our commitment to spend at least £3 billion of our £11.6 billion International Climate Finance pledge on protecting and restoring nature, alongside our commitment that all Overseas Development Assistance will do no harm to nature.
We are working closely with other donor Governments in advance of CBD COP15 to encourage others to make similarly ambitious commitments and to work towards aligning all international public finance with the GBF, once it has been agreed.
While necessary, international public finance will not be sufficient to finance the transition to a nature positive future. We are also working with private finance institutions to drive up investment in nature.