Translating Biodiversity Goals into Action: A Global Budget Approach: very excited and proud to release today BioInt’s second thought leadership piece.
In short:
1️⃣ It is possible to set apex goals for biodiversity similar to the 1.5°C-2°C of the climate world
2️⃣ Goal A of the Convention on Biological Diversity (CBD)’s Biodiversity Plan can be translated into a global biodiversity budget, equivalent to the 57 Gt CO2-eq of the climate world, reducing periodic losses from +440 000 MSA.km2 in 2023 to +0 MSA.km2 in 2030 and achieving gains between 2030 and 2050 (the Mean Species Abundance (MSA) is here used as an example)
3️⃣ This global budget can be translated at the country level, included in the equivalent of the climate’s Nationally Determined Contributions (NDCs), the National Biodiversity Strategies and Action Plans (NBSAPs), allowing to track countries’ and global progress
4️⃣ 10 countries may represent up to 21% of the global ecosystem condition annual decline, with the Russian Federation, Argentina, Brazil and the United States being the most (negatively) impactful countries
5️⃣ Corporate budgets can also be established, with implications for the level of ambition of corporate target-setting
Ahead of #COP16 of the CBD which opens in 9 days, we hope our Biodiversity Brief will be thought-provoking, inspire negotiators and all the stakeholders involved and move the discussion on this important topic!
❔ What are your views on this? In our illustrative example with an agrifood company, what should be the answers to these questions according to you?
👉 What ethical considerations should determine the share of global efforts borne by the company (capacity to pay, historical impacts, headcount, etc.)?
👉 What should be the mix between avoided & reduced negative impacts and positive impacts adopted by the company to achieve its targets?
👉 Should it be allowed to sum positive and negative impacts to calculate net impacts? At which scale?
Thanks to Simas Gradeckas, Rachel Ashton Lim, Jen Stebbing, Oliver Dauert and Ollie Potter for their feedback on an early version and on some design choices!
We hope you will enjoy reading as much as we loved preparing it!
Stay tuned for more Biodiversity Briefs, the next one may be about options for policy instruments regulating biodiversity credits.