Nature Conservation: Finance
The question
To ask the Secretary of State for Environment, Food and Rural Affairs, what recent progress his Department has made on the implementation of 10 Point Plan for financing biodiversity; and if he plans to publish an update on implementation before the 30th session of the Conference of the Parties of the UNFCCC (COP 30) in November 2025.
Answered by Mary Creagh
The 10 Point Plan (10PP) for Financing Biodiversity was launched in December 2022 by the former government and preceded agreement of the comprehensive Kunming Montreal Global Biodiversity Framework (KMGBF).
This government is committed to delivering on all the KMGBF targets, including those related to the mobilisation of finance for biodiversity. Most recently at the 16th Conference of Parties to the Convention on Biological Diversity (CBD CoP16) we published the Biodiversity Trends Dashboard to help track progress towards meeting nature finance targets. We expect to update this prior to UNFCCC COP30. We also secured the new Cali Fund which will help ensure the fair and equitable sharing of benefits arising from the use of genetic information derived from nature - directly supporting Indigenous Peoples and local communities. The UK government also co-sponsored the International Advisory Panel on Biodiversity Credits (IAPB), alongside France, helping to deliver a Framework for High Integrity Biodiversity Credit Markets.
Our seventh UK national report under the CBD will provide an update on our progress in delivering the KMGBF targets. This is due by February 2026.
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