Switched On Who Gives a COP? UN Biodiversity Summit Expectations
Oct 16, 2024
Hugh Bromley, BNEF’s Head of Food, Agriculture and Nature, and Alistair Purdie, a BNEF team member, delve into the upcoming UN Biodiversity Summit in Cali, Colombia. They highlight the urgent need to address the funding gap in the Global Biodiversity Framework and the various national biodiversity strategies. The discussion uncovers the tensions around profiting from genetic data and emphasizes the significance of collective action among nations to combat biodiversity loss and integrate Indigenous voices in negotiations.
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Nature vs. Biodiversity
- Nature encompasses all resources not created by humans, both living and non-living.
- Biodiversity, a subset of nature, refers to the variety of species, habitats, and genetics.
Biodiversity COP16 Focus
- The upcoming Biodiversity COP16 in Cali, Colombia, focuses on assessing progress on the Global Biodiversity Framework.
- This COP16, unlike COP15, won't likely yield major new agreements but will track prior biodiversity targets.
Global Biodiversity Framework (GBF)
- The Kunming-Montreal Global Biodiversity Framework (GBF) is a ten-year plan for biodiversity, similar to the Paris Agreement for climate.
- It includes 23 targets for 2030 and broader goals for living in harmony with nature by 2050.