Conserving and restoring\u00a0biodiversity is one of the most\u00a0critical\u00a0development challenges\u00a0of\u00a0our era\u00a0now that the climate crisis and the loss of biodiversity are intertwined,”\u00a0said\u00a0Schwartz. This achievement is the result of a\u00a0long-term\u00a0commitment\u00a0to mainstreaming\u00a0biodiversity\u00a0and scale our impact.”<\/p>\n
“The Global Biodiversity Framework\u00a0called for transforming the international financial architecture to help reach the frameworks targets. To do that, MDBs are working together in unprecedented ways to protect and mainstream biodiversity,\u00a0added\u00a0Schwartz.<\/p>\n
During the session, leaders discussed progress in reaching Target 19 of the Global Biodiversity Framework, which seeks to mobilize $200 billion per year for biodiversity from all sources, including $30 billion through international finance.<\/p>\n
The IDB has led the Joint Statement on Nature in Glasgow and worked closely with the European Investment Bank (EIB), World Bank, and others to establishing the common principles to track nature-related finance. As chair of the MDB Heads Group, the IDB has proposed with EIB a joint MDB stock take of key performance indicators (KPIs) for biodiversity to scale up nature financing. The first stock-take workshop was held at COP16, and the results will be announced next year by COP30 in Brazil.<\/p>\n
Internally, IDB’s new institutional strategy, IDBImpact+, includes for the first time biodiversity among its focus areas for mainstreaming and direct investment. The IDB is also implementing an action plan<\/a> with specific metrics focused on mainstreaming biodiversity and natural capital and is creating a unit dedicated to biodiversity in its structure.<\/p>\n On nature-positive investment, the IDB has been boosting innovative finance through nature-based solutions policy guides, and instruments such as sustainability-linked bonds, biodiversity credits, and debt-for-nature conversions, generating significant funds for conservation without increasing national debt. Examples include operations in Ecuador and Barbados and the announcement, at COP, of a results-based financing program for the Jaguar Corridor, with a pilot in Colombia.<\/p>\n Press contact:<\/strong><\/p>\n
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