How do we close the global biodiversity finance gap?

Think Change

The impacts of the climate crisis are widely known and have rightfully spurred international action, but the hastening collapse of global biodiversity receives far less attention.
Biodiversity is the life support system of our planet. We also depend on intact ecosystems for our food and water supplies, medical advances and disease prevention, climate stability, shelter and so much more.

In financial terms, a staggering 55% of global GDP depends on high-functioning biodiversity.

But nearly all species on earth are currently undergoing population declines, at speeds far quicker than scientists would expect.

Reversing the decline of nature depends on international cooperation. The Kunming-Montreal Global Biodiversity Framework represents a watershed moment for multilateral governance and action to conserve biodiversity and restore ecosystems. One of the goals of the framework is to "invest and collaborate", but currently, the biodiversity finance gap stands at $700 billion a year.

So what can be done to mobilise resources to ensure the conservation and sustainable use of biodiversity? Experts examine ways forward and reflect on what must be done to reduce the harmful incentives that fuel biodiversity loss.

Guests

• Sara Pantuliano (host), Chief Executive, ODI
• Laetitia Pettinotti, Research Fellow, ODI
• Anaid Velasco, Environmental Lawyer and Mexico Director, Climate Finance Group for Latin America and the Caribbean
• Jeremy Eppel, Co-Founder, Eppel Sustainability and Senior Adviser, Nature Finance
  

Related resources

• A fair share of biodiversity finance: apportioning responsibility for the $20 billion target by 2025
  
• Biodiversity finance in Mexico
  
• Biodiversity finance in Nepal
  
• Biodiversity finance in Namibia
  
• What do we have to lose? Understanding and responding to climate-induced loss of biodiversity and ecosystem services

Chapters

1. A case study from Mexico (Anaid Velasco) (00:00:00)

2. Introduction (Sara Pantuliano) (00:00:09)

3. The state of biodiversity finance (Jeremy Eppel) (00:02:36)

4. The biodiversity finance gap (Laetitia Pettinotti) (00:04:22)

5. Bridging the biodiversity finance gap (Jeremy Eppel) (00:06:21)

6. The countries paying their fair share (Laetitia Pettinotti) (00:10:30)

7. Climate finance and biodiversity (Jeremy Eppel) (00:12:19)

8. Accountability and obligations (Laetitia Pettinotti) (00:14:30)

9. A case study from Mexico (Anaid Velasco) (00:15:51)

10. Addressing the 700 billion gap (Laetitia Pettinotti, Jeremy Eppel) (00:21:05)

11. Mexico: links between biodiversity finance and policies (Anaid Velasco) (00:26:27)

12. Summary (Sara Pantuliano) (00:31:57)