Aichi Biodiversity Target Twenty – Resource Mobilization – focuses on mobilizing the financial resources required to implement a country’s National Biodiversity Strategies and Action Plan (NBSAP). It states: By 2020, at the latest, the mobilization of financial resources for effectively implementing the Strategic Plan for Biodiversity 2011-2020 from all sources, and in accordance with the consolidated and agreed process in the Strategy for Resource Mobilization, should increase substantially from the current levels. This target will be subject to changes that are contingent with the resource needs assessments to be developed and reported by Parties.
The cost of implementing the CBD Strategic Plan and achieving the Aichi Biodiversity Targets is enormous. Yet bilateral and multilateral financial assistance accounts for just a tiny portion of total biodiversity expenditures. In order to be able to implement NBSAPs around the world, and to achieve the CBD Strategic Plan, there must be a transformation in the way that resources are mobilized for biodiversity. This includes a transformation in subsidies that harm biodiversity, and a transformation in implementing innovative finance mechanisms. In order to achieve Target 20, countries will need to understand the current national biodiversity expenditures, including expenditures that harm biodiversity and identify the full cost of implementing each of the NBSAP strategies and actions. They will also need to develop a detailed resource mobilization plan that identifies a wide range of finance actors, mechanisms and opportunities for mobilizing biodiversity resources.
Indicators of resource mobilization may include trends in:
- Biodiversity expenditure reviews
- Developing a comprehensive, prioritized costing for key strategies and actions within the NBSAP
- The volume and sustainability of finance mobilized for biodiversity