Achieving global biodiversity framework targets in G20 countries by 2030
For the G20 countries with fast-depleting biodiverse species (such as Brazil, China, India, Indonesia, Mexico, and Türkiye), achieving the 30x30 goal (protecting 30 percent of the world’s land and oceans by 2030) is challenging. This policy brief explores the ways in which the G20 countries can achieve the Global Biodiversity Framework (GBF) targets by 2030. First, by promoting urban biodiversity and ecosystem conservation through a localised index, such as developing and implementing a City Biodiversity Index at the city municipal level. Second, through effective management policies to enhance carbon sequestration by different ecosystems while achieving the GBF targets. To achieve net-zero targets, strengthening the carbon sequestration potential of ecosystems is important. Policies should be implemented to efficiently manage wetlands and blue carbon ecosystems with the highest carbon sequestration and storage potential. The third way to achieve the GBF targets is through innovative financing for biodiversity conservation. The monetary valuation of ecosystem services is essential for mobilising resources from the private sector. The “green credit” mechanism could be one innovative financial mechanism for biodiversity-rich G20 countries to consider for the successful and effective implementation of conservation policies.
