Economics and policies for biodiversity: OECD's response
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. 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.
The report was prepared by the OECD for the French G7 Presidency and the G7 Environment Ministers’ Meeting, 5-6 May 2019.
Subject: The Post-2020 Global Biodiversity Framework: Enhancing measurability to track progress at global and national level
Human pressures are undermining the biodiversity that underpins all life on land and below water. Ecosystem services delivered by biodiversity, such as crop pollination, water purification, flood protection and carbon sequestration, are vital to human well-being. Despite these benefits, global biodiversity is on the decline.
The post-2020 global biodiversity framework, to be agreed upon at CBD COP15 in Kunming, China in 2020, presents a crucial opportunity to put in place more specific and measurable targets and to catalyse action to halt and reverse biodiversity loss.
On 9 May 2019, Katia Karousakis of the Environment Directorate discussed on-going OECD work on post-2020 targets, indicators and the measurability implications at global and national level, including key messages from a recent OECD international expert workshop.