Biodiversity: Finance and the Economic and Business Case for Action
The Convention on Biological Diversity’s 15th Conference of the Parties (CBD COP15) in 2020 marks a critical juncture for one of the defining global challenges of our time: the loss of biodiversity and ecosystem services, which underpin nearly all of the Sustainable Development Goals (SDGs).
Transformative changes are needed to ensure biodiversity conservation and sustainable use and the delivery of the ecosystem services upon which all life depends. This report sets the economic and business case for urgent and ambitious action on biodiversity. It presents a preliminary assessment of current biodiversity-related finance flows, and discusses the key data and indicator gaps that need to be addressed to underpin effective monitoring of both the pressures on biodiversity and the actions (i.e. responses) being implemented. The report concludes with ten priority areas where G7 and other countries can prioritise their efforts.
Executive Summary
Biodiversity loss is among the top global risks to society. The planet is now facing its sixth mass extinction, with consequences that will affect all life on Earth, both now and for millions of years to come. Humans have destroyed or degraded vast areas of the world’s terrestrial, marine and other aquatic ecosystems. Natural forests declined by 6.5 million hectares per year between 2010 and 2015 (in total, an area larger than the U.K.), and natural wetlands declined by 35% between 1970 and 2015. Over 30% of corals are now at risk from bleaching, and 60% of vertebrate populations have disappeared since 1970. These striking changes are driven by land-use change, over-exploitation of natural resources, pollution, invasive alien species and climate change. They are occurring in spite of international efforts (such as the Convention on Biological Diversity) to conserve and sustainably use biodiversity.
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