Finance for Biodiversity Foundation participates in the upcoming fourth meeting of the Subsidiary Body on Implementation (SBI-4)
Starting today, the SBI-4 meetings are underway in Nairobi, Kenya, from May 21 to 29, 2024. This gathering of parties to the Convention on Biological Diversity (CBD) will set the stage for COP16 in Colombia later this year. This meeting will delve into critical topics, with a focus on the mobilisation of the public and private resources in the nature restoration and conservation efforts.
As a member of the Advisory Committee on Resource Mobilization of the CBD, FfB Foundation has actively participated in multiple in-person and online meetings developing key recommendations to inform discussion at the SBI-4 meeting.
Representing the FfB Foundation at this meeting will be Emine Isciel from Storebrand Asset Management, serving as co-chair of the Public Policy Advocacy working group.
In anticipation of the meeting, co-chair Emine Isciel has drafted an insightful opinion article emphasising the need for governments not only deliberate on scaling up commitments to biodiversity finance but also on identifying policies and strategies to reduce harmful financial flows, developing a “whole of government approach” and steering on sectoral pathways via transition planning towards a nature-positive economy.
FfB Foundation recently published the paper “Aligning Financial Flows with the Global Biodiversity Framework: Translating Ambition into Implementation”. Developed by the Public Policy Advocacy working group of the FfB Foundation, the paper offers four recommendations, thirteen actions and concrete global examples of successful implementation with a focus of targets 14, 15, 18 and 19, empowering policymakers to enact meaningful change toward halting and reversing biodiversity loss
Important information:
The fourth meeting of the Subsidiary Body on Implementation (SBI-4)
Opinion article – Closing the Global Biodiversity funding gap is adressing systemic challendes Opinion article
FfB Policy paper “Aligning Financial Flows with the Global Biodiversity Framework: Translating Ambition into Implementation”