Observations from CBCGDF Delegation on Day 2 of CBD COP16: Working Group I Deliberates on Resource Mobilization and Financial Mechanisms | 2024 UN Biodiversity Conference

The 2024 UN Biodiversity Conference was held in Cali, Colombia from October 21 to November 1, 2024. The delegation of the China Biodiversity Conservation and Green Development Foundation (CBCGDF) has arrived in Cali, Colombia to participate in the UN Biodiversity Conference on site.

On the second day of the conference, one of the members of the CBCGDF delegation reported on the second meeting of Working Group I:

Financial Mechanism of the Convention on Biological Diversity

Delegates continued the discussions from the first meeting. Switzerland, Canada, Australia, Norway, New Zealand and the United Kingdom highlighted the important contribution and support provided by the Global Environment Facility (GEF), including the timely establishment of the Global Biodiversity Framework (GBF) Fund. They opposed the establishment of a standing committee on the financial mechanism, noting that it would be resource-intensive and of little value.

South Africa and Colombia stressed that the Global Biodiversity Framework Fund remains inadequate and joined several other countries in supporting the development of a dedicated global instrument for biodiversity financing. Fiji, on behalf of 14 Pacific Small Island Developing States (PSIDS), called for transformative reforms to access funding, empower local institutions to lead biodiversity initiatives, and stressed that the Pacific region is underrepresented in existing governance structures. India and Bangladesh noted that the Global Environment Facility's procedures are cumbersome and a transparent and inclusive mechanism is needed. Congo said the Global Environment Facility should not be the only mechanism for financing biodiversity conservation.

Japan, Vietnam and other countries said the Global Biodiversity Framework Fund should be strengthened. Mexico and Uruguay called for improving the capacity of existing mechanisms, including the ability to disburse funds. Uruguay stressed the importance of early action projects. Bolivia called for full consideration of collective actions, including those centered on Mother Earth, and urged the establishment of a dedicated Global Fund financing window. Mexico, Franciscans International and other organizations supported direct access to at least 20% of the Global Biodiversity Framework Fund for indigenous and local communities, African descendants, women and youth.

Many called for increased contributions. Bosnia and Herzegovina regretted the low amount of funds allocated to countries with economies in transition. The Global Youth Biodiversity Network (GYBN) noted that the Resource Mobilization Strategy and the GEF fund structure are not sufficient to guarantee rights and full and effective stakeholder participation, nor to guarantee direct and predictable funding.

Delegates stressed the importance of collaboration. Mexico and Congo highlighted the work on the interconnections between biodiversity, food and nutrition. The EU, Arab, Canada and Japan called for maximizing synergies and suggested welcoming the decision of the United Nations Framework Convention on Climate Change (UNFCCC) on the first global assessment of the implementation of the Paris Agreement, as well as the BBNJ Agreement. Japan also cited Resolution 6 of the United Nations Environment Assembly (UNEA) on strengthening synergies. Several parties praised the Berne Process for identifying actions to strengthen cooperation.

(This is compiled from the working notes of the Green Association delegation members. The speeches and opinions in the article have not been verified and do not represent the views of the platform. They are for reference only)

Original article:https://mp.weixin.qq.com/s/WmkZsHlmcQfp-eNsguvWJg

Translator: Daisy

Checked by Sara

Editor: Daisy

Contact: v10@cbcgdf.org; +8617319454776

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