COP15: Kunming-Montreal Global Biodiversity Framework adopted
- December 20, 2022
- Posted by: OptimizeIAS Team
- Category: DPN Topics
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COP15: Kunming-Montreal Global Biodiversity Framework adopted
Context:
- The 15th Conference of Parties (COP15) to the UN Convention on Biological Diversity (CBD) adopted the Kunming-Montreal Global Biodiversity Framework (GBF) December 19, 2022.
About the Kunming-Montreal Global Biodiversity Framework (GBF):
- The framework has 4 long-term goals to be achieved by 2050 and 23 targets that the world needs to achieve by 2030.
- In 2020, the world failed to meet the last set of targets, the Aichi Targets.
- The countries will monitor and report every five years or less on a large set of indicators related to progress.
- The CBD will combine national information submitted by late February 2026 and late June 2029 into global trends and progress reports.
4 Long-term goals are:
Goal A |
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Goal B |
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Goal C |
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Goal D |
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The 23 targets are:
Targets | Details |
1 |
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2 |
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3 |
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4 |
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5 |
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6 |
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7 |
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8 |
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9 |
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10 |
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11 |
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12 |
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13 |
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14 |
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15 |
a. Regularly monitor, assess, and transparently disclose their risks, dependencies and impacts on biodiversity, including with requirements for all large as well as transnational companies and financial institutions along their operations, supply and value chains and portfolios; b. Provide information needed to consumers to promote sustainable consumption patterns; c. Report on compliance with access and benefit-sharing regulations and measures, as applicable |
16 |
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17 |
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18 |
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19 |
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20 |
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21 |
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22 |
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23 |
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Creation of a dedicated fund:
- The Global Environment Facility has been requested to establish a Special Trust Fund to support the implementation of the Global Biodiversity Framework (“GBF Fund”).
- Delegates have agreed to establish within the GBF a multilateral fund for the equitable sharing of benefits between providers and users of digital sequence information on genetic resources (DSI), to be finalised at COP16 in Türkiye in 2024.