This paper was originally published in Current Opinion in Environmental Sustainability.
- Currently ∼0.002% of global GDP is invested on the conservation of biodiversity.
- ∼4 times the current level of investment is required to meet conservation needs.
- Benefits of investing to meet the Aichi Targets far outweigh the costs.
- Extensive capacity building is needed to better manage biodiversity.
- Nations need to commit to increasing domestic mobilization of biodiversity finance.
“Abstract: Reversing biodiversity loss by 2020 is the objective of the 193 countries that are party to the global Convention on Biological Diversity (CBD). In this context, the Aichi Biodiversity Targets 2020 were agreed upon by the CBD in Nagoya, Japan in 2010 and this was followed by asking a high-level panel to make an assessment of the financial resources needed to achieve these targets globally.
First, we review the literature on the costs and benefits of meeting the Aichi Targets. Second, we provide a summary of the main conclusions of the CBD High-Level Panel (HLP) 1 and 2 on the Global Assessment of the Resources for Implementing the Strategic Plan for Biodiversity 2011–2020. A key conclusion of the HLP is that the monetary and non-monetary benefits of biodiversity conservation and sustainable use to be achieved by implementing the Aichi Targets would significantly outweigh the amount of investments required…”
Read on and access the full paper at: Current Opinion in Environmental Sustainability.