Joachim Marc Christensen’s Post

Why is #COP16Colombia and the Global Biodiversity Framework Important to Business? Target 19 - Mobilize $200 Billion per Year for Biodiversity From all Sources, Including $30 Billion Through International Finance This bold and seemingly expansive target is in fact grounded in a practical accounting exercise. Conservation spending is estimated at 120-150 billion USD per year, though the real need is assessed at between 720 and 970 billion. Closing the financing gap will go a long way to: ☝ Restoring degraded coastal ecosystems ☝Increasing terrestrial and marine protected areas ☝Transitioning agriculture & fisheries sectors to sustainable practices ☝Minimizing the impact of invasive species Target 19 provides for an increase in total biodiversity-related financing from developed countries, including official development assistance. But domestic resource mobilization is needed too. Thus, the target calls for developing and implementing national biodiversity finance plans, and more financing from private sector sources including through blended finance models. Target 19 also calls for innovative schemes such as payment for ecosystem services, green bonds, biodiversity offsets and credits, and benefit-sharing mechanisms. The co-benefits of financing nature conservation and climate action should also be examined closely. Lastly, the target encourages non-market-based approaches including community based natural resource management and civil society cooperation aimed at the conservation of biodiversity, with engagement from Indigenous Peoples. We invite you get involved and learn more about the Global Biodiversity Framework (#GBF) and UNDP’s #NaturePledge. ✴ Read the original text on #Target19 and review the complete list of the 23 GBF targets: https://lnkd.in/gqvH3RZC ✴ Take a look at our resources on biofinance and what UNDP is doing to scale up investments: https://lnkd.in/git57utJ ✴ Learn more about the “LEAP framework” and ways your business can manage biodiversity risks, through an assessment of your business’s impacts and dependencies on nature: https://tnfd.global/ ✴ Get in touch with us about UNDP’s Nature Pledge by visiting our website: <https://lnkd.in/gKNuvaiw> Midori Paxton Josie Raine Penny Stock Doley Tshering Jamison Ervin Maxim Vergeichik Martin Cadena Tim Scott Andrew Seidl Onno van den Heuvel

🐝 Today marks the International Day for Biological Diversity, a United Nations initiative to promote biodiversity awareness. This year's theme, "Be part of the Plan", encourages everyone to highlight how they support the implementation of the Kunming-Montreal Global Biodiversity Framework , also known as the Biodiversity Plan. The Biodiversity Plan was adopted in 2020, it sets goals and concrete measures to stop and reverse the loss of nature by 2050. In this effort, sustainable finance plays a crucial role. 🔎 Would you like to learn more about how to integrate biodiversity into financial decisions? Have a look at the summary report of the LSFI Biodiversity Masterclass! This summary report delves into... - where biodiversity stands;  - why its preservation is pivotal for our future; - key international activities, commitments and frameworks that seek to address the urgency of the situation and that can support financial institutions in this field; - main steps and practical examples of how to integrate biodiversity into investment decisions by designing internal frameworks, assessing risk and applying certain strategies. Big thanks once again to the LSFI Biodiversity masterclass speakers: Bhavya Sharma, Emine Isciel, eric schauls and Gabriela Hermosilla Access the summary report ➡️ https://lnkd.in/eR4Vh4ui Learn more about the International Day for Biological Diversity ➡️ https://lnkd.in/efX5CMn Learn more about the Kunming-Montreal Global Biodiversity Framework ➡️ https://www.cbd.int/gbf #biodiversity #sustainablefinance #ESG

Three international organisations released a set of 21 high-level principles for biodiversity credits on Wednesday in a move designed to encourage market alignment. The guidelines were released by the Biodiversity Credit Alliance (BCA), the World Economic Forum, and the International Advisory Panel on Biodiversity Credits at #COP16 in Cali, Colombia. They apply to both regulatory and voluntary biodiversity credits, addressing matters such as ensuring robust outcomes, demand integrity, and protecting Indigenous Peoples and local communities’ rights, writes Sergio Colombo and Giada Ferraglioni. However, the three organisations did not go into detail on the highly debated issue of offsetting. The principles built on the draft high-level governance and integrity principles for voluntary biodiversity credits that were launched by WEF in 2022. Read and subscribe for free to read Biodiversity Pulse's coverage live from reporters in Cali, which includes the below picture from Stian Reklev: https://lnkd.in/eMNgq7wH Other biodiversity credit stories published during the conference, available on the website, include: 🌲 Policy group sets out next steps for ‘compelling’ biodiversity credit markets 🌳 Less than $1 mln of biodiversity credits purchased, BloombergNEF says 🌴 Biodiversity credits could be core part of corporate nature strategies, WEF says 🌳 Mexican state announces “comprehensive” nature credits strategy 🌲 BCA to launch digital framework for improving biodiversity credit markets transparency

With the start of #Bloom24, I’m excited to announce our first State of Biodiversity report! What I love most about my job is focusing on the people and teams behind the work. This report is more than data. It’s a story told by the people who collectively have the power to create tremendous change. And their messages are loud and clear: - We’re making progress, but have a LONG way to go. - The individuals doing this work don’t need convincing, what they need is capacity. More staff with ecological knowledge, more $$, greater buy-in. - We need to continually make the case for nature as a business priority and as a key tool for climate resilience.

❗ 𝐔𝐏𝐃𝐀𝐓𝐄 𝐅𝐑𝐎𝐌 𝐂𝐀𝐋𝐈: 𝐂𝐨𝐮𝐧𝐭𝐫𝐢𝐞𝐬 𝐭𝐨 𝐫𝐞𝐬𝐮𝐦𝐞 𝐜𝐫𝐮𝐜𝐢𝐚𝐥 𝐛𝐢𝐨𝐝𝐢𝐯𝐞𝐫𝐬𝐢𝐭𝐲 𝐝𝐢𝐬𝐜𝐮𝐬𝐬𝐢𝐨𝐧𝐬 𝐢𝐧 𝐑𝐨𝐦𝐞 The Convention on Biological Diversity announces that the UN Biodiversity Conference (#COP16), suspended earlier in Cali, Colombia, will reconvene from February 25 to 27, 2025, at the FAO headquarters in Rome, Italy The suspension occurred on November 2 due to a loss of quorum. The upcoming session aims to address unresolved agenda items, including: 🔹 𝐑𝐞𝐬𝐨𝐮𝐫𝐜𝐞 𝐌𝐨𝐛𝐢𝐥𝐢𝐳𝐚𝐭𝐢𝐨𝐧: Developing a strategy to secure $200 billion annually by 2030 for biodiversity initiatives and reducing harmful incentives by at least $500 billion annually. Discussions will also consider establishing a global financing instrument for biodiversity. 🔹 𝐌𝐨𝐧𝐢𝐭𝐨𝐫𝐢𝐧𝐠 𝐅𝐫𝐚𝐦𝐞𝐰𝐨𝐫𝐤: Finalizing tools for Parties to measure progress against the Kunming-Montreal Global Biodiversity Framework's (KMGBF) 23 targets. 🔹 𝐏𝐥𝐚𝐧𝐧𝐢𝐧𝐠, 𝐌𝐨𝐧𝐢𝐭𝐨𝐫𝐢𝐧𝐠, 𝐑𝐞𝐩𝐨𝐫𝐭𝐢𝐧𝐠, 𝐚𝐧𝐝 𝐑𝐞𝐯𝐢𝐞𝐰 𝐌𝐞𝐜𝐡𝐚𝐧𝐢𝐬𝐦: Deciding how progress toward KMGBF implementation will be reviewed at COP17, including incorporating commitments from non-state actors and finalizing the national reporting template with headline indicators. 🔹 𝐅𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥 𝐌𝐞𝐜𝐡𝐚𝐧𝐢𝐬𝐦: Endorsing the achievements of the Global Environment Facility (GEF), encouraging further contributions to the Global Biodiversity Framework Fund (GBFF), and providing additional guidance to the GEF in light of its upcoming replenishment negotiations. We are thrilled to see such a quick international commitment to #biodiversity and that the meeting is happening here in Italy! Here the press release: https://lnkd.in/dhUgHMqJ Here our article on COP16: https://lnkd.in/d7Mwz_Z9

Discover Denmark’s public-private push for global biodiversity action. Driven by strong public-private partnerships and innovative solutions, Denmark is stepping up its commitment to address the global biodiversity crisis. From international roundtables to public-private delegations, several collaborative efforts will take place in the coming months showcasing how nature-based solutions and sustainable investments can halt and reverse biodiversity loss. World Biodiversity Summit 2024 🌎 At the World Biodiversity Summit 2024, held during New York Climate Week, State of Green, in partnership with the World Climate Foundation, will lead discussions on biodiversity’s role in tackling climate challenges. Now in its fourth year, the summit focuses on fostering public-private partnerships to promote biodiversity restoration through nature-positive decision-making. With nature-based solutions and sustainable investments at the forefront, Danish and international actors will advance the dialogue on 26 September. The 2024 UN Biodiversity Conference COP16 🌎 Following the World Biodiversity Summit, the course is set south when global leaders gather to discuss biodiversity at #COP16, which will take place in Cali, Colombia, from 21 October to 1 November 2024. As biodiversity takes centre stage, Miljø- og Ligestillingsministeriet, Udenrigsministeriet, DI - Dansk Industri and State of Green Denmark are organising the first official business delegation from Denmark to support coordinated efforts between public organisations and private solution providers. Learn more about how Denmark is pushing for global biodiversity action: https://lnkd.in/dk2ZDhpy

What were the outcomes for #IndigenousPeoples and #localcommunities at #COP16Colombia? Read this reflection piece to find out about the successes, challenges and outstanding issues. https://lnkd.in/ePZT2rn3 #TransformativePathways UN Biodiversity IPBES ICCA Consortium Nia Tero

As highlighted by Carbon Pulse (https://lnkd.in/egEstkrZ) the Organization for Biodiversity Certificates has launched a groundbreaking #survey open to everyone to gather your opinions on claims related to #biodiversity #certificates. Our goal ? To ensure this powerful tool effectively contributes to the global conservation objectives set by the #Kunming-#Montreal Global Biodiversity Framework. Why is this survey important? We aim to define clear, concrete, and impactful claims to encourage companies to adopt biodiversity certificates. Your input is crucial to achieving these #goals. 🔍 We invite you to share your thoughts and help shape the trajectory of biodiversity credits ! 👉 Participate in the survey here : https://lnkd.in/eQwxhrgs Key points of the survey : 📅 The survey, co-organized with EY, is open until #August #2. Results will be presented at the #COP16 biodiversity summit in Cali, Colombia. 🌍 The initiative seeks to identify claims that will incentivize companies to contribute to the #30x30 #conservation target. 🛡️ Addressing concerns about greenwashing and the need for well-defined claims are among the main challenges. 🎯 The survey also examines companies' biodiversity goals and the drivers associated with the use and purchase of biodiversity credits, called "certificates." The #OBC and the EY team thank you in advance for your participation. Respondents providing consistent answers will be recognized in the upcoming report to be published at #COP16 🗓️. Thank you for your #collaboration in making a difference for biodiversity ! International Advisory Panel on Biodiversity Credits Biodiversity Credit Alliance Ardian, Le Printemps des Terres #Biodiversitycredits #COP16 #GlobalGoals #Survey #GBF #OBC

What is needed to fix #biodiversity degradation and restore #nature? I think about this a lot. 💰 Funding? Absolutely, halt the biodiversity crisis by 2030, we need to spend US$ 722-967 billion annually. But how to mobilize? And how to keep those who pledge accountable? 📜 Policies, like global conventions or voluntary schemes to incentivize the protection and restoration? Yes. We've made progress here with the Kunming-Montreal protocol and the 30x30 goal, but are not even scratching the surface on 'how'. 🏛 Regulation? For sure. Biodiversity offsets have been mandatory for a while in many places, but their effectiveness are questioned. So smart and impactful regulation I'd say. 💡 Now, there is a new approach circulating, that takes a rights-based approach, compared to the incentives driven solutions above: Establish 'Rights for Nature' 🌱 🦎 The Universal Declaration of Rights of Nature is available for feedback and commentary - link below. I highly encourage you to take a look. The preamble: Human laws have been misaligned with the laws of Life. We come from Nature and without Nature we cannot exist. At its core:  Nature (every ecosystem, species, element, and natural entity) has an inherent right to exist, persist and continue its vital cycles. This right ensures that natural entities are not treated merely as property and resources for human use but are recognized for their own intrinsic value. I find this really interesting. At first glance, my reaction is why not? Wouldn't we all be better off if we did this in addition to the other instruments above? Wouldn't [Funding + policies + regulation AND rights for nature] > [only funding, policies and regulation]? States in Mexico are the first ones to adopt this: "The Congress of the State of Mexico, one of Mexico's 32 provinces, approved the inclusion of the Rights of Nature in its local Constitution with the aim of recognizing Nature, biodiversity and endemic and native species as subjects of rights". Who's next? Curious to hear your take on this. Would this help the fundamentals of how we protect nature? Or would it just open up for new types of litigation and accountability failures? Eric Wilburn Jen Stebbing Lucy Almond Adrien Pages Adrian Dellecker Alexia Kelly Tom Quigley Jay Lipman Oliver Dauert Elena Doms Antonio Vizcaya Abdo Clover Hogan Tim Christophersen Katharine Hayhoe Mark Zimring David Banks Gregory Watson Kristjan Lepik Grateful to Drea Burbank who shared this during a Climate Collective community calls - Global Alliance for the Rights of Nature (GARN) for coordinating the work.

As we all know, the biodiversity crisis, driven by unsustainable human activities, threatens global ecosystems. Despite efforts like the EU Biodiversity Strategy for 2030, progress is limited due to policies addressing symptoms rather than root causes. If interested in a deeper analysis have a look at the recently published study "Exploring the societal factors enabling to halt and reverse the loss and change of biodiversity" by the European Topic Centres - Research consortia supporting the European Environment Agency. The report identifies societal barriers like knowledge gaps and governance challenges and proposes five strategies: offering alternative narratives, leveling power imbalances, enhancing knowledge, understanding societal acceptance, and strengthening governance. It also emphasizes the need for structural interventions, such as regulatory reforms and targeted funding, to support transformative change and achieve the EU’s 2030 biodiversity goals. KUDOS TO Alessandro Galli for the amazing work done! #biodiversity #EUBiodiversityStrategy2030 #sustainablefinance https://lnkd.in/dnHWeC7T