Invaluable side event COP12

INVALUABLE side-event at COP12 to the Convention on Biological Diversity – October 2014

A side event organised by the INVALUABLE Project, coordinated by IDDRI, within the framework of the 12th Conference of the Parties (COP12) to the Convention on Biological Diversity (CBD)


Presentation:

  • OBJECTIVES

This side-event intended to inform policy-makers and help reach consensus on the use of innovative financing instruments and positive incentives. Based on results from the INVALUABLE project, it aimed at discussing the nature, design and implementation of some of these innovative instruments. This research is critical since extra funding for biodiversity is a challenge while any additional money should be spent on the ground in the most efficient ways.

This side-event presented results about the actual potential of these instruments to influence actors’ decisions and the use of natural resources when dealing with biodiversity and ecosystem services conservation. It analysed their advantages and risks, their need for safeguards, and thus the conditions for a successful implementation of Aichi target 3.

Looking at market-based instruments and payments for ecosystem services, this side-event investigated issues of (i) terminology, (ii) design and impacts of these instruments, and (iii) science-policy interface processes.

  • RATIONALE AND POLICY RELEVANCE

Building on decision XI/4 adopted in 2012, Parties at this 12th CoP discussed the need to mobilize funds at the international and domestic levels to achieve the three objectives of the Convention.

Invaluable side event COP12To do so, Parties discussed a list of key actions to improve the implementation of the Strategic Plan for Biodiversity, such as the exploration of innovative financial mechanisms including payments for ecosystem services. Besides, Parties discussed possible milestones leading to the introduction or strengthening of positive incentives; while important voluntary guidelines on safeguards in biodiversity financing mechanisms were proposed to overview the development of these instruments.

Such negotiations at CoP 12 gained from proper dissemination of research results. Among others, key scientific and technical needs to be addressed include a better understanding of behavioural change and the performance of economic instruments, as well as improved guidance and tools to develop positive incentives.

Results from the INVALUABLE project, an EU-funded ERA-Net BiodivERsA programme, can contribute to fill such research gaps with its thorough analysis of innovative financing mechanisms and positive incentives for biodiversity and ecosystem services conservation.


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A side event organised by the INVALUABLE Project, coordinated by IDDRI, within the framework of the 12th Conference of the Paries (COP12) to the Convention on Biological Diversity (CBD). - Oct14

Programme:

Final reporthttp://invaluable.fr/aichi-biodiversity-target-3-can-market-based-instruments-make-a-difference/