Source · Select Committees · Environmental Audit Committee
Recommendation 28
28
Paragraph: 133
The global biodiversity funding gap is huge.
Conclusion
The global biodiversity funding gap is huge. It cannot be tackled with contributions from the Global Environment Facility alone. A dedicated financial mechanism for biodiversity action, as has already been set out and agreed by Parties under the CBD, is essential. We welcome the UK’s commitment to spend £3 billion of its International Climate Finance allocation to support nature-based solutions to climate change.
Paragraph Reference:
133
Government Response
A response document is linked to this report, dated 1 February 2022. Response attribution to this conclusion has not been verified. Read the response document ↗