Development of a biodiversity mainstreaming platform

The European Commission, which leads negotiations on resource mobilization for biodiversity within the framework of CBD COPs, and as co-chair of the "resource mobilization working group", has requested the support of the BEI for the design of a biodiversity mainstreaming platform or mechanism for 2022-2030. The objective of the platform/mechanism is to accelerate biodiversity mainstreaming in key economic sectors to support the implementation of the global biodiversity framework and contribute to sustainable growth by 2030 involving three complementary processes in parallel, namely reducing the "bad" (e.g., harmful subsidies to businesses, investments or policies, etc.): not destroying in the first place reduces the need to secure new financial resources; increasing the "good": generating additional resources from all sources, including through new financial flows from international and national sources, as well as through the alignment of existing financial flows (new resources for biodiversity through investments, financing instruments, grants, etc.); improving the efficiency of the use of new and existing resources: for example through capacity building and optimization of co-benefits (climate/water management/land degradation/food security, etc.) The global biodiversity financing gap is estimated at between USD 598 and 824 billion per year. To close this gap, the financial sector must participate in establishing an ambitious post-2020 global biodiversity framework (GBF). This platform/mechanism must therefore facilitate the transition of economic sectors with significant negative impact on biodiversity and ecosystems towards more biodiversity-friendly activities by providing public and private actors in key economic sectors with access to and information on potential funding sources, as well as tools and guidance enabling better integration of biodiversity considerations into their activities, and will thus contribute to the implementation of the required transformation of economic and financial systems.