Global Biodiversity Framework Fund
The Global Biodiversity Framework Fund (GBFF), launched in August 2023 at the 7th Assembly of the Global Environment Facility in Vancouver, Canada, represents a significant global initiative to combat biodiversity loss. Ratified by 186 countries, the GBFF aims to halt and reverse biodiversity loss by 2030 and set nature on a recovery path by 2050. Grounded in the Kunming-Montreal Global Biodiversity Framework, it focuses on streamlined funding from public, private, and philanthropic sources, with special attention to Indigenous Peoples and local communities. Governed by a diverse council, it seeks to mobilize USD 200 billion annually by 2030. Despite its ambitious goals, the GBFF faces challenges like securing sufficient funding and addressing the diverse needs of Indigenous Peoples and local communities.
