The world is progressively recognizing that biodiversity loss and climate change are correlated and mutually reinforcing. A common refrain is that “there is no net zero without nature”. However, this understanding has not been reflected in countries’ implementation of the Kunming-Montreal Global Biodiversity Framework (GBF), which currently falls short of the requisite pace and scale. Outside of multilateralism, more promising trends are emerging in nature-related disclosures, transition planning, science-based targets and private finance.

Speed read

1. Key trends in recent biodiversity developments

1.1 A heightening demand for nature-related disclosures is indicative of nature-related financial issues as a growing priority.

1.2 A gradual move towards integrated transition planning.

1.3 First-ever science-based targets for nature were published, amidst an increased focus on value chains impact assessments.

1.4 Private finance for nature remains critical, with a growing spotlight on biodiversity credits.

2. Status of country-led efforts in implementing the GBF

2.1 Parties agreed on the operationalization of a new mechanism for sharing benefits from the use of Digital Sequencing Information of genetic resources (DSI).

2.2 Most Parties lack credible national plans to implement GBF targets and guide private sector action.

2.3 Parties did not agree on how to address biodiversity finance gaps.

2.4 Parties made progress towards mainstreaming biodiversity across all sectors of the economy.

2.5 Parties made progress towards integrating biodiversity and climate change in policies and planning processes.

Download our overview of key country-led and private sector-driven developments surrounding COP16.