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2023 Jun 12Objective 15.1 - By 2020 at the latest, the mobilization of financial resources for biodiversity from all sources (including possible innovative financial mechanisms) should increase substantially compared to the average annual biodiversity funding for
This objective covers both national and global financing for biodiversity and is based on Articles 20.1 – 20.4 of the CBD. It is close to the wording of Aichi Target 20 which was based on Article 20 and which is globally the politically most recognized commitment. The implementation of the Strategic Plan with its Aichi Targets is guiding all biodiversity efforts during the UN Decade, as decided by the United Nations General Assembly in resolutions 65/161 and 67/212. Target 20 was confirmed at EU level through the Council Conclusions of December 2010 (§9) and of June 2011 (§16) and also referred to the need to deliver on the CBD Strategy for Resource Mobilisation. The Strategic Plan and Aichi Targets became the basis for the EU Biodiversity Strategy and in particular Targets 1 (Act. 2 - financing Natura 2000) and 6 (Act. 18 - link to CBD COP-11) directly support Operational Objective 15.1.
Belgium needs to ensure, adequate financing of biodiversity from all sources. Therefore it is important to investigate financing possibilities at national level such as the establishment of specific funds for biodiversity, the integration of biodiversity in sectoral budgets and programmes (in particular in Research and Development plans and programs), the establishment of partnerships with the finance and business sectors, etc. Other innovative financial mechanisms should be investigated, such as partnerships with the private sector.
In Flanders, a specific funds (Minafonds) has been established to deals with financial aspects of investments in the field of environment.
The federal level should investigate possibilities to use the Raw Material Funds for biodiversity.
Belgium will investigate and mobilise additional financial resources from all sources to effectively implement the NBS and to contribute to averting global biodiversity loss. In accordance with the CBD Strategy for Resource Mobilization, it should substantially increase from the levels of 2010. In CBD Decision XI/4, it is agreed to use the average annual biodiversity funding between 2006 and 2010 as a baseline.
The existing financial institutions will be strengthened and, the replication and scaling-up of successful financial mechanisms and instruments will be promoted (Resource Mobilization Strategy Goal 3). Enabling conditions will be established to encourage private sector involvement in supporting the Convention's three objectives, including the financial sector.