The new Kunming-Montreal Global Biodiversity Framework (GBF)
- In the recent Convention on Biological Diversity (CBD) conference held in Montreal recently, 188 of 196 member governments agreed on a new framework to halt the sharp and steady loss of biological species.
- Adopted Kunming-Montreal Global Biodiversity Framework (GBF) that sets out 4 goals for 2050, and 23 targets for 2030, to save existing biodiversity and ensure that 30% of degraded ecosystems come under effective restoration.
Importance of biodiversity
- Web of life: biodiversity signifies the variety of species on earth, which sustain the balance of ecosystems, enabling humans to coexist.
- Perform a plethora of biological functions: by interacting with environment.
- Render ecosystem services: like providing humans with food, fuel, fibre, shelter, building materials, air and water purification, etc.
Aim of the Kunming-Montreal pact
- Sets out targets for 2030 on:
- protection for degraded areas
- resource mobilization for conservation
- compensation for countries that preserve biodiversity
- halting human activity linked to species extinction
- reducing by half the spread of invasive alien species
- cutting pollution to non-harmful levels
- minimizing climate change impact and ocean acidification
- Call for sustainable use of biodiversity: and a sharing of benefits from genetic resources.
- Respect for the rights of indigenous communities: and their involvement in conservation efforts.
- Emphasis to adopt biodiversity-supporting methods: such as agroecology and sustainable intensification.
- Turning cities into hosts of biodiversity: by expanding the area of and improving the quality and access to urban green and blue spaces.
4 GBF goals for 2050:
- Maintaining ecosystem integrity and health to halt extinctions
- Measuring and valuing ecosystem services provided by biodiversity
- Sharing monetary and non-monetary gains from genetic resources and digital sequencing of genetic resources
- Raising resources for all countries to close a biodiversity finance gap of an estimated $700 billion
Funding arrangements
- $200 bn per year from domestic, international, public & private financers: towards implementation of the national action plans.
- Special Trust Fund by the Global Environment Facility (GEF): to support the implementation of the GBF.
Challenges to protecting biodiversity
- GDP as chief determinant of development: GDP excludes “depreciation of assets” like nature degraded by relentless extraction of resources.
Prelims Takeaway
- Aichi biodiversity targets
- Nagoya Protocol
- Global Environment Facility (GEF)