Organization:Global Biodiversity Framework Fund

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Global Biodiversity Framework Fund
AbbreviationGBFF
FormationAugust 2023; 2 years ago (2023-08)
TypeMultilateral environmental fund
FocusImplementation of the Kunming-Montreal Global Biodiversity Framework
HeadquartersWashington, D.C., United States
Parent organization
Global Environment Facility

The Global Biodiversity Framework Fund (GBFF) is a multilateral environmental financing mechanism established to support implementation of the Kunming-Montreal Global Biodiversity Framework (GBF) under the Convention on Biological Diversity (CBD).

The fund is hosted by the Global Environment Facility (GEF) and is intended to mobilise and channel financial resources to help countries implement biodiversity conservation and restoration measures aligned with global biodiversity targets.[1][2]

History

The fund was launched in August 2023 at the Seventh GEF Assembly in Vancouver, Canada, following international negotiations on financing for biodiversity protection.[3][4] It forms part of global efforts to scale up biodiversity finance and support implementation of international commitments to halt and reverse biodiversity loss.[1][5] The GBFF is one of several international financial mechanisms supporting implementation of biodiversity agreements and conservation goals.[6][7][8]

The fund was created in response to calls for a dedicated financing mechanism following adoption of the Kunming-Montreal Global Biodiversity Framework at the 2022 United Nations Biodiversity Conference (COP15). The framework established global targets to halt and reverse biodiversity loss by 2030, including protecting at least 30% of the world's land and oceans and mobilising at least $200 billion per year for biodiversity-related spending.[5][9][10]

Within this framework, the GBFF was designed to complement existing biodiversity financing channels administered by the Global Environment Facility while providing a dedicated structure aligned specifically with the targets of the Global Biodiversity Framework.[11] International organisations and policy analysts have described the fund as part of broader efforts to close the global biodiversity financing gap and increase funding available to developing countries implementing conservation policies.[12][13][14][15][16]

In 2025, the GBFF approved $28 million of funding, supporting conservation initiatives and ecosystem protection programmes in several regions.[17][18] In 2026, the GBFF has approved $87 million of funding, out of the $372 million approved by the GEF.[19][20][21]

See also

References

  1. ↑ 1.0 1.1 Dickie, Gloria; Binnie, Isla (24 August 2023). "Countries launch fund to protect nature, UN calls for more money". Reuters. https://www.reuters.com/business/environment/countries-launch-fund-protect-nature-un-calls-more-money-2023-08-24/. 
  2. ↑ "UN talks end in Rome with nations backing $200 billion a year plan to protect nature". Associated Press. 2025. https://apnews.com/article/dd270a78e667caa989883f11cf306e55. 
  3. ↑ "Global Biodiversity Framework Fund (GBFF)". World Bank. 2023. https://fiftrustee.worldbank.org/en/about/unit/dfi/fiftrustee/fund-detail/gbff. 
  4. ↑ "Decision 09/2023 Establishment of a new trust fund: Global Biodiversity Framework Fund". Convention on Biological Diversity. https://www.cbd.int/financial/gbff.shtml. 
  5. ↑ 5.0 5.1 "Biodiversity: The world is not on track to protect 30% of land and sea by 2030". Le Monde. 29 October 2024. https://www.lemonde.fr/en/environment/article/2024/10/29/biodiversity-the-world-is-not-on-track-to-protect-30-of-land-and-sea-by-2030_6730877_114.html. 
  6. ↑ "Countries launch fund to protect nature, UN calls for more money". Reuters. 24 August 2023. https://www.reuters.com/business/environment/countries-launch-fund-protect-nature-un-calls-more-money-2023-08-24/. 
  7. ↑ "Biodiversity: EU sounds alarm over slow national progress". Euractiv. 2026. https://www.euractiv.com/news/biodiversity-eu-sounds-alarm-over-slow-national-progress/. 
  8. ↑ "Development banks can play key role in protecting nature". World Resources Institute. https://www.wri.org/insights/multilateral-development-bank-nature-finance. 
  9. ↑ "UN talks end in Rome with nations backing $200 billion a year plan to protect nature". Associated Press. 2025. https://apnews.com/article/dd270a78e667caa989883f11cf306e55. 
  10. ↑ Jones, Benji (2024). "We need $700 billion to save nature". Vox. https://www.vox.com/down-to-earth/378249/cop16-biodiversity-finance-gap-seven-hundred-billion. 
  11. ↑ "Global Biodiversity Framework Fund (GBFF)". World Bank. https://fiftrustee.worldbank.org/en/about/unit/dfi/fiftrustee/fund-detail/gbff. 
  12. ↑ "UNEP-WCMC welcomes launch of Global Biodiversity Framework Fund but calls for greater ambition". UNEP-WCMC. 2023. https://www.unep-wcmc.org/en/news/unep-wcmc-welcomes-launch-global-biodiversity-framework-fund-but-calls-for-greater-ambition-to-deliver-finance-for-nature. 
  13. ↑ "Development banks can play key role in protecting nature". World Resources Institute. https://www.wri.org/insights/multilateral-development-bank-nature-finance. 
  14. ↑ "We need $700 billion to save nature". Vox. 2024. https://www.vox.com/down-to-earth/378249/cop16-biodiversity-finance-gap-seven-hundred-billion. 
  15. ↑ "UNEP-WCMC welcomes launch of Global Biodiversity Framework Fund but calls for greater ambition". UNEP-WCMC. 2023. https://www.unep-wcmc.org/en/news/unep-wcmc-welcomes-launch-of-global-biodiversity-framework-fund-but-calls-for-greater-ambition-to-deliver-finance-for-nature. 
  16. ↑ "Global Biodiversity Framework Fund: Early successes and perspectives". IUCN Congress. 2025. https://iucncongress2025.org/programme/global-biodiversity-framework-fund-early-successes-and-perspectives-0. 
  17. ↑ "GBF Fund approves $28 mln in biodiversity projects". Carbon Pulse. 19 December 2025. https://carbon-pulse.com/469771/. 
  18. ↑ "GBF Fund approves $28 mln in biodiversity projects". Carbon Pulse. 19 December 2025. https://carbon-pulse.com/469771/. 
  19. ↑ "GBFF Council approves ambitious work program that advances global biodiversity goals". Global Environment Facility. https://www.thegef.org/newsroom/news/gbff-council-approves-ambitious-work-program-advances-global-biodiversity-goals. 
  20. ↑ "GBFF raises ambition with approval of project preparation grants worth $87 million in 34 countries". Global Environment Facility. https://www.thegef.org/newsroom/news/gbff-raises-ambition-approval-project-preparation-grants-worth-87-million-34. 
  21. ↑ "GEF clears $372 million for environment projects, biodiversity in sharp focus". Down To Earth. 2026. https://www.downtoearth.org.in/wildlife-biodiversity/gef-clears-372-million-for-environment-projects-biodiversity-in-sharp-focus. 



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