Campaign for Nature
March 1, 2022
Leading environment groups have agreed that the US, the countries of the European Union, the UK, Japan, Canada and other wealthy countries should support a target of at least $60 billion annually of international finance for biodiversity in developing countries. To stop biodiversity loss and achieve a nature-positive economy, this financing effort must be part of a broader and holistic package to close the biodiversity finance gap, including increased domestic and private finance for biodiversity and the elimination of public and private investments that are harmful to biodiversity.
The recommended $60 billion figure was released in advance of a major round of United Nations biodiversity negotiations set to take place in Geneva, Switzerland this month—an important moment on the road to the final biodiversity summit in Kunming, China later this year.