International biodiversity financiers at the CBD COP16 discussed how to end harmful economic incentives and shore up support for biodiversity

CALI, Colombia — Prof. Rosina Bierbaum, Chair of the Scientific and Technical Advisory Panel (STAP) of the Global Environment Facility (GEF) moderated a day-long event on Target 18 of the Kunming-Montreal Global Biodiversity Framework. Target 18 seeks to reduce harmful incentives by at least $500 billion per year, and scale up positive incentives for biodiversity by 2030.

Business and Mainstreaming Biodiversity

On May 5-6, 2021, STAP held a virtual workshop on Business and Mainstreaming Biodiversity to examine biodiversity mainstreaming from the business perspective, with a view at how the GEF could promote nature-positive development in concert with the private sector. Rosina Bierbaum, STAP Chair; John Donaldson, STAP Member for biodiversity; and Tom Lovejoy, STAP Senior Advisor, co-chaired this event, which included participants from the private sector, academia, civil society and the GEF partnership. 

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