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SDG Target 17.3

SDG Target 17.3

Mobilize additional financial resources for developing countries from multiple sources

Mapping with Kunming-Montreal Global Biodiversity Framework

TARGET 19. Mobilize $200 Billion per Year for Biodiversity From all Sources, Including $30 Billion Through International Finance

Substantially and progressively increase the level of financial resources from all sources, in an effective, timely and easily accessible manner, including domestic, international, public and private resources, in accordance with Article 20 of the Convention, to implement national biodiversity strategies and action plans, by 2030 mobilizing at least 200 billion United States dollars per year, including by:

(a) Increasing total biodiversity related international financial resources from developed countries, including official development assistance, and from countries that voluntarily assume obligations of developed country Parties, to developing countries, in particular the least developed countries and small island developing States, as well as countries with economies in transition, to at least US$ 20 billion per year by 2025, and to at least US$ 30 billion per year by 2030;

(b) Significantly increasing domestic resource mobilization, facilitated by the preparation and implementation of national biodiversity finance plans or similar instruments according to national needs, priorities and circumstances;

(c) Leveraging private finance, promoting blended finance, implementing strategies for raising new and additional resources, and encouraging the private sector to invest in biodiversity, including through impact funds and other instruments;

(d) Stimulating innovative schemes such as payment for ecosystem services, green bonds, biodiversity offsets and credits, benefit-sharing mechanisms, with environmental and social safeguards;

(e) Optimizing co-benefits and synergies of finance targeting the biodiversity and climate crises;

(f) Enhancing the role of collective actions, including by indigenous peoples and local communities, Mother Earth centric actions* and non-market-based approaches including community based natural resource management and civil society cooperation and solidarity aimed at the conservation of biodiversity;

(g) Enhancing the effectiveness, efficiency and transparency of resource provision and use.

* Mother Earth Centric Actions: Ecocentric and rights based approach enabling the implementation of actions towards harmonic and complementary relationships between peoples and nature, promoting the continuity of all living beings and their communities and ensuring the non-commodification of environmental functions of Mother Earth.

Headline indicator
  • D.1 International public funding, including official development assistance (ODA) for conservation and sustainable use of biodiversity and ecosystems
  • D.2 Domestic public funding on conservation and sustainable use of biodiversity and ecosystems
  • D.3 Private funding (domestic and international) on conservation and sustainable use of biodiversity and ecosystems*
Component indicator
  • -
Complementary indicator
  • Foreign direct investment, official development assistance and South-South cooperation
  • Amount and composition of biodiversity-related finance reported to the OECD Creditor reporting system
  • Dollar value of financial and technical assistance (including through North-South, South-South and triangular cooperation) committed to developing countries
  • Dollar value of all resources made available to strengthen statistical capacity in developing countries
  • Amount of biodiversity-related philanthropic funding
  • Proportion of total research budget allocated to research in the field of marine technology
  • Total amount of approved funding for developing countries to promote the development, transfer, dissemination and diffusion of environmentally sound technologies
  • Number of countries (and number of instruments) with payments for ecosystem services (PES) programmes
  • Number of countries that have (a) assessed values of biodiversity in accordance with the Convention, (b) identified and reported funding needs, gaps and priorities, (c) developed national financial plans for biodiversity, (d) been provided with the necessary funding and capacity-building to undertake the above activities

Mapping with CBD - Aichi Targets

Aichi Target 1

By 2020, at the latest, people are aware of the values of biodiversity and the steps they can take to conserve and use it sustainably.

Aichi Target 3

By 2020, at the latest, incentives, including subsidies, harmful to biodiversity are eliminated, phased out or reformed in order to minimize or avoid negative impacts, and positive incentives for the conservation and sustainable use of biodiversity are developed and applied, consistent and in harmony with the Convention and other relevant international obligations, taking into account national socio economic conditions.

Aichi Target 17

By 2015 each Party has developed, adopted as a policy instrument, and has commenced implementing an effective, participatory and updated national biodiversity strategy and action plan.

Aichi Target 20

By 2020, at the latest, the mobilization of financial resources for effectively implementing the Strategic Plan for Biodiversity 2011-2020 from all sources, and in accordance with the consolidated and agreed process in the Strategy for Resource Mobilization, should increase substantially from the current levels. This target will be subject to changes contingent to resource needs assessments to be developed and reported by Parties.