The Global Biodiversity Framework

Context

It has been one year since the launch of Global Biodiversity framework

The Global Biodiversity Framework

The Global Biodiversity Framework, officially the Kunming-Montreal Global Biodiversity Framework, is an international agreement adopted in December 2022 at the 15^th Conference of the Parties (COP15) to the UN Convention on Biological Diversity. It sets out a plan to halt and reverse biodiversity loss by 2030 and achieve a world living in harmony with nature by 2050.

Targets

The framework includes four goals and 23 targets for 2030. Some of the key targets include:

• Conserving and sustainably managing at least 30% of the world’s lands, inland waters, coastal areas and oceans by 2030:- This means protecting areas important for biodiversity, such as forests, wetlands, and coral reefs.
• Restoring at least 30% of degraded ecosystems by 2030:- This could involve planting trees, restoring wetlands, and cleaning up polluted rivers.
• Halving the rate of introduction of invasive alien species and reducing their negative impacts by 2030:- Invasive species can harm native ecosystems and displace native species.
• Reducing harmful subsidies that damage biodiversity by at least $500 billion per year by 2030:- These subsidies can encourage activities that harm biodiversity, such as deforestation and unsustainable fishing.
• Mobilizing at least $200 billion per year in biodiversity finance from all sources by 2030:- This funding will be needed to support the implementation of the framework.

The framework also includes a number of provisions to ensure that it is implemented equitably and effectively. These include:

• Recognizing the rights of indigenous peoples and local communities:- Indigenous peoples and local communities play a vital role in protecting biodiversity, and their rights must be respected.
• Ensuring that the benefits of biodiversity are shared fairly ancommunities:- Biodiversity benefits everyone, but the costs of protecting it are often borne by those who live in biodiversity-rich countries. The framework aims to ensure that the benefits of biodiversity conservation are shared more equitably.
• Providing the necessary financial and technical support to developing countries:- Developing countries often lack the resources needed to protect biodiversity. The framework includes provisions to provide financial and technical support to help them implement the framework.

The Global Biodiversity Framework is a landmark agreement that has the potential to transform the way we manage our planet. If it is implemented effectively, It could help to halt and reverse biodiversity loss and create a more sustainable future for all.