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Outcomes from Nature COP16, Cali, Colombia

06 November 2024

Proposing MP
Mary Creagh Lab
Coventry East
Type
Written Ministerial Statement
Department
Department for Environment, Food and Rural Affairs
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TAGS
Climate Taxation

At a Glance

Issue Summary

The statement discusses outcomes from the UN Biodiversity Summit (CBD COP16) in Colombia, focusing on progress made towards nature finance mobilisation and the creation of new funds to support conservation efforts.

Action Requested

The UK Government announced new criteria for meeting 30by30 targets, launched a Biodiversity Finance Trends dashboard, welcomed the Framework for high integrity biodiversity credits markets, and committed to increasing support to the Global Biodiversity Framework Fund and joining the Legacy Landscapes Fund. The government also launched principles for Inclusive, Gender-Responsive, Locally-Led Biodiversity Action.

Key Facts

  • Over half of global GDP is moderately or highly dependent on nature.
  • The UN Biodiversity Summit (CBD COP16) closed on the morning of Saturday 2 November in Colombia.
  • A new fund known as the Cali Fund was established for businesses to voluntarily contribute if they use Digital Sequence Information (DSI).
  • An estimated 50% of the world’s land is occupied by Indigenous Peoples and local communities.
  • The UK launched a Biodiversity Finance Trends dashboard to increase transparency on nature finance flows.
  • The Independent Advisory on Biodiversity Credits (IAPB) developed a Framework for high integrity biodiversity credits markets, sponsored by the UK and France.
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