How Can Biodiversity Finance Plans Support NBSAPs?

At the 2022 Conference of the Parties to the Convention on Biological Diversity 15 (CBD COP 15), countries agreed to review and update their National Biodiversity Strategies and Action Plans (NBSAPs) and to develop, update and implement National Biodiversity Finance Plans (NFPs).

NBSAPs constitute the basic policy framework for the implementation of the CBD at the national level and PFBs aim to close the biodiversity financing gap and support efforts to achieve NBSAP targets.

This report provides a brief overview of the two policy mechanisms, highlights their complementarity and guides their joint development to deepen their impact.