About Kunming Biodiversity Fund:
- It is a Multi-Partner Trust Fund (MTPF) launched in 2021 during Part 1 of the COP 15 of Convention of Biological Diversity.
- It aims to facilitate the successful implementation of the Kunming-Montreal Global Biodiversity Framework (KMGBF) at regional, national, subnational and local level.
- Initial contribution:5 billion yuan (about $200 million) from China
- It was established under the leadership of the Ministry of Environment and Ecology (MEE) of China and the United Nations Environment Program (UNEP), with the Secretariat of the Convention on Biological Diversity (SCBD) and United Nations Development Programme (UNDP).
- Focus area: It supports developing countries to accelerate and upscale their actions for the National Biodiversity Strategies and Action Plans (NBSAPs).
What is Kunming-Montreal Global Biodiversity Framework?
- It was adopted during the 15th meeting of the Conference of the Parties to the UN Convention on Biological Diversity in December 2022.
- It aims to support the achievement of sustainable development goals and build on previous strategic plans.
- It sets a bold path towards global harmony with nature by 2050.
- Goals and targets: The GBF consists of 23 targets (set for 2030) and four global goals (set for 2050) to preserve biodiversity for current and future generations.
