In 2022, 196 nations adopted the Kunming-Montreal Global Biodiversity Framework, agreeing to halt and reverse biodiversity loss by 2030, but a $598-$824 billion funding gap remains.
Biodiversity credits may generate necessary private-sector funding to support conservation projects, allowing companies to improve their environmental impact through compensatory measures.
Public finance, such as tax incentives for green technology, and redefining harmful subsidies could assist in closing the significant conservation funding gap identified globally.
While some corporations are pledging to enhance their biodiversity efforts, achieving these conservation goals necessitates substantial, actionable funding sourced from both public and private sectors.
#biodiversity-loss #conservation-funding #global-risks-report #biodiversity-credits #sustainable-development
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