Policy paper

Biodiversity Finance Trends Dashboard 2024 (accessible version)

Published 29 October 2024

© Crown copyright 2024

This publication is licensed under the terms of the Open Government Licence v3.0 except where otherwise stated. To view this licence, visit nationalarchives.gov.uk/doc/open-government-licence/version/3 or write to the Information Policy Team, The National Archives, Kew, London TW9 4DU, or email: psi@nationalarchives.gov.uk.

Where we have identified any third party copyright information you will need to obtain permission from the copyright holders concerned.

This publication is available at https://www.gov.uk/government/publications/biodiversity-finance-trends-2024/biodiversity-finance-trends-dashboard-2024-accessible-version

The Biodiversity Finance Trends Dashboard tracks current trends in international biodiversity financial flows as well as public and private-led actions that drive the mobilisation of nature finance.

The Dashboard uses the latest data on progress against the finance targets of the Kunming-Montreal Global Biodiversity Framework (KMGBF). It is intended to draw attention to the urgent need to mobilise increased finance for nature from all sources and to close the $700bn annual biodiversity funding gap.

Originally launched at UNFCCC COP28 in 2023, the first Biodiversity Finance Trends Dashboard was presented at a COP28 stocktake event to mark one year on from CBD COP15 and the KMGBF agreement.

This new and updated Dashboard, launched at CBD COP16, includes new indicators to monitor progress. It is presented in a refreshed format more closely aligned with the targets of the KMGBF.

While metrics to track biodiversity finance, both at national and international level, are still being developed, the Dashboard uses the best possible sources of publicly available data to provide an overview of current trends in biodiversity finance. All supporting data and sources can be accessed at financebiodiversity.org.

The biodiversity funding gap

US $700 billion annual biodiversity funding gap by 2030

  • US $20 billion per annum international financial flows by 2025

  • US $30 billion per annum international financial flows by 2030

  • US $200 billion per annum finance mobilised by 2030

  • reduce or reform US $500 billion in harmful subsidies

Government-led and business-led initiatives assess and disclose nature risks and opportunities

420+ organisations in 50+ countries, representing US $15.9 trillion in Assets Under Management, have adopted the recommendations of the Taskforce on Nature-related Disclosures. Top adopters include Japan, Taiwan, UK, USA and France.

49,000 companies are subject to the EU’s new Corporate Sustainability Reporting Directive.

160+ companies are preparing nature based targets through the Science Based Targets Network.

Target 18: reduce harmful incentives by at least US $500 billion per year, and scale up positive incentives for biodiversity

Identify harmful incentives and introduce positive incentives

36 countries and 2 regional institutions have completed or are undertaking national-level assessments on harmful subsidies. 12 of these have begun using BIOFIN’s step-by-step guide.

101 countries and territories have biodiversity-positive incentives.

26 of the above countries are implementing both.

Target 19: mobilise US $200 billion per year for biodiversity from all sources, including US $30 billion through international finance

International bilateral financial flows

Donors biodiversity-related bilateral development financial flows have increased from US $9.5 billion in 2015 to US $12.1 billion in 2022.​​

Donors biodiversity-specific bilateral development financial flows have increased from US $6.6 billion in 2015 to US $7.2 billion in 2022.

Year US$ billion (mid range) US$ billion (full range)
2015 6.6 9.5
2016 5.2 8.1
2017 5.9 9.3
2018 5.3 8.8
2019 5.5 8.4
2020 6.5 10.1
2021 6.8 11.8
2022 7.2 12.1

Multilateral financial flows

Multilateral biodiversity-related development financial flows have increased from US $1.4 billion in 2015 to US $11.3 billion in 2022.

Multilateral biodiversity-specific development financial flows have increased from US $0.6 billion in 2015 to US $5.7 billion in 2022.

Year US$ billion (mid range) US$ billion (full range)
2015 0.6 1.4
2016 1.6 3.2
2017 1.7 2.9
2018 1.7 3.5
2019 1.9 3.9
2020 3.1 7.0
2021 2.7 5.0
2022 5.7 11.3

Private finance mobilised by public finance

Private sector finance for biodiversity mobilised by development finance has increased from US $0.09 billion in 2016 to US $1.76 billion in 2022.

Year US$ billion
2016 0.09
2017 0.20
2018 0.03
2019 0.20
2020 0.17
2021 0.75
2022 1.76

Private philanthropy

International biodiversity-related philanthropy has increased overall from US $0.04 billion in 2015 to US $0.70 billion in 2022 but has decreased from US $0.93 billion in 2021 to US $0.70 billion in 2022.

Year US$ billion
2015 0.04
2016 0.17
2017 0.50
2018 0.67
2019 0.50
2020 0.69
2021 0.93
2022 0.70

Domestic resource mobilisation

132 countries are developing National Biodiversity Finance Plans. 97 countries have now formally started, and 35 countries have completed.

23 Parties, as of 1 October 2024, have published their National Biodiversity Strategies and Action Plans ahead of CBD COP16.

Synergies with climate finance

5 countries have committed a portion of their international climate finance to nature:

  • Canada
  • France
  • Germany
  • Norway
  • United Kingdom

Access to funds

US $40 million approved and processed in less than 6 months by the GBF Fund to support projects in Brazil (US $19.7 million), Gabon (US $1.5 million) and Mexico (US $16.6 million). Additional projects expected to be approved this year.

350+ funding resources are now listed on UNDP-BIOFIN’s FIRE database.

12 countries and regions will receive technical funding for a duration of 3 years through the NBSAP Accelerator Partnership.

Back to top