In addition, one of the GBF’s “four overarching global goals” is to “progressively” close a US$700 billion-per-year biodiversity finance gap.
As the UN biodiversity summit COP16 enters its second and final week in Cali, Colombia, a new report by MSCI Carbon Markets draws a link between the carbon credit market and addressing the biodiversity funding challenge.
At the last biodiversity summit in December 2022, countries signed the landmark Global Biodiversity Framework (GBF), which included the headline goal to protect and conserve 30% of the world’s land and marine environments by 2030, also known as the “30x30” pledge.
