Before visiting this website, you should confirm that you are a qualified investor within the meaning of the Prospectus Regulation (EU) 2017/1129 of 14 June 2017.
You should make sure that the rules you are subject to allow you to subscribe to shares and/or units of the Collective Investment Schemes (“CIS”) mentioned on this website. Certain rules (including rules on public offering and/or marketing of CIS) may, depending on the country where the CIS are marketed, impact the marketing options for CIS and restrict the marketing thereof to certain types of investors.
I hereby acknowledge that I am aware of the rules applicable to me and I wish to access this website.
By accessing this website, I confirm that I have read and approved the legal notice
"Legal Information and Website Terms and Conditions of Use".
A second important breakthrough relates to the financing of biodiversity restoration and halting biodiversity loss. It has long been recognized that a funding gap of USD 700 billion per year exists in this area. The Global Biodiversity Framework (GBF) has now made a pledge to “eliminate, phase out, and reform” subsidies that harm biodiversity, with a target of reducing these subsidies by at least USD 500 billion by 2030. At present, over USD 1.8 trillion in annual subsidies are provided to industries that contribute to biodiversity loss, particularly fossil fuels and agriculture. The latter sector is responsible for approximately 80% of global forest loss, which is a major factor in biodiversity loss. These harmful subsidies will now be redirected towards industries and businesses that are working to protect and restore nature, through measures such as natural infrastructure and green financial products, as well as contributing to biodiversity offsets.
Growth in financing resulting from scaling up proposed mechanisms by 2030
Source: Paulson Institute, 2022. Available at: link