A. In-depth review of the availability of financial resources
The Conference of the Parties,
Recalling Articles 20 and 21 and related provisions of other Articles of the Convention,
Recalling that in decision VIII/13, the Conference of the Parties decided to conduct an in-depth review of the availability of financial resources, including through the financial mechanism, at its ninth meeting,
Taking note of the report of the Executive Secretary (UNEP/CBD/COP/9/16),
Concerned that the lack of sufficient financial resources continues to be one of the main obstacles to achieving the Convention’s three objectives, including the 2010 biodiversity target, as well as the Millennium Development Goals,
Underlining that effective national systems and a supportive international regime on access and benefit-sharing could support sustainable use and conservation of biodiversity and its associated ecosystem services, including through generating financial returns,
Recognizing that local communities and governments in developing countries, in particular the least developed countries and small island developing States, may be subject to high conservation opportunity costs, Resolving to significantly reduce the gaps in funding for biological diversity,
1. Encourages the Parties and relevant organizations to improve the existing financial information through enhancing accuracy, consistency and delivery of existing data on biodiversity financing and improved reporting on funding needs and shortfalls for the Convention’s three objectives, and, in this context, requests the Executive Secretary to regularly update and further develop the Convention’s online network on finance;
2. Encourages the Parties and relevant organizations to intensify efforts to assess, as appropriate, the economic costs of the loss of biodiversity and its associated ecosystem services and of the failure to take measures to fulfil the three objectives of the Convention, as well as the benefits of early action to reduce loss of biological diversity and its associated ecosystem services, in order to inform decision-making and awareness-raising, inter alia through contributing to the “Global Study on the Economics of Ecosystems and Biodiversity;"
3. Urges the Global Environment Facility to continue to mobilize co-financing and other modes of financing for its projects related to implementation of the Convention, and requests the Global Environment Facility to continue to leverage financial resources to support the Convention’s objectives;
4. Urges Parties and Governments, where appropriate, to create the enabling environment to mobilize private and public-sector investments in biological diversity and its associated ecosystem services;
5. Recommends that Parties and relevant organizations identify, engage and increase South-South cooperation as a complement to North-South cooperation to enhance technical, financial, scientific and technological cooperation and innovations, for biological diversity;
6. Urges the Parties and Governments to continue to enhance national administrative and managerial capacities, thus enabling more efficient resource utilization and enhancing positive impacts;
7. Urges Parties, the Global Environment Facility, and relevant organizations to include gender, indigenous peoples and local communities perspectives in the financing of biodiversity and its associated ecosystem services;
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Annex
STRATEGY FOR RESOURCE MOBILIZATION IN SUPPORT OF THE ACHIEVEMENT OF THE CONVENTION’S THREE OBJECTIVES FOR THE PERIOD 2008-2015
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II. MISSION
8. The target of the strategy for resource mobilization is to substantially enhance international financial flows and domestic funding for biological diversity in order to achieve a substantial reduction of the current funding gaps in support of the effective implementation of the Convention’s three objectives and the 2010 target. This target for global resource mobilization should be viewed as a flexible framework for the development of measurable targets and/or indicators addressing all relevant funding sources, according to national priorities and capacities, and taking into account the special situation and needs of developing countries.
III. GUIDING PRINCIPLES
9. The strategy calls for special consideration to the following guiding principles during its implementation:
(a) Promote efficiency and effectiveness;
(b) Build synergies;
(c) Support innovation;
(d) Strengthen capacity;
(e) Raise awareness;
(f) Take into account gender and socio-economic perspectives
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