The justification for this kind of target is in CBD Article 20, paragraphs 1 to 4. At COP-11 (Hyderabad, October 2012), the Parties decided to add this specific target to implement their commitments under CBD Article 20, the Resource Mobilization Strategy and Aichi Target 20 (COP-11/4, §7).

International flows of financial resources originate from several sources (see figure 7). Official development assistance (ODA) is one of these sources. ODA can be either bilateral (directly from a donor country to a recipient country) or multilateral (resources channelled through international financial institutions and the United Nations organization, funds and programmes). International financial flows can also include non-ODA public funding such as economic cooperation, through private companies and through international not-for-profit organizations. This can be both North-South and South-South cooperation.

Belgium will adopt a methodology and calculate its baseline of international financial flow to developing countries devoted to CBD implementation and biodiversity activities. The baseline will be the annual biodiversity funding for the years 2006–2010. This will contribute to the implementation of the provisions of the Monterrey Consensus on mobilizing international and domestic funding as related to biodiversity

A strategy to double this baseline will be developed and implemented by 2015 with the actors involved (the federal and regional authorities, the private sector, NGOs, foundations and academia). In the context of this process, the term “biodiversity activity” refers to all activities that have a positive impact on biodiversity regardless of whether they take the form of direct benefits or indirect benefits. A proposed categorization of biodiversity resources is provided for in the CBD reporting framework to assist Parties in accounting for the various types of information which should be considered.

In the context of this objective, Belgium will provide support to strengthen existing financial institutions and promote replication and scaling-up of successful financial mechanisms and instruments. This may take the form of enhanced efforts to mobilize co-financing and other modes of project financing for biological diversity or the promotion of biological diversity in debt relief and conversion initiatives, including debt-for-nature swaps. The development and implementation of economic incentives that are supportive of the Convention's three objectives at local and national level and consistent and in harmony with the other relevant international obligations could be considered.