Beyond grants: Accelerating blended finance for ocean-positive investments
Yabanex Batista, Economist Impact
December 19th 2022 saw a historic moment for global biodiversity conservation efforts with the adoption of the Kunming-Montreal Global Biodiversity Framework (GBF) under the Convention on Biological Diversity (CBD). With its media-friendly 30x30 goal—ensuring effective conservation and management of at least 30% of the world’s lands, inland waters, coastal areas and oceans by 2030—the GBF now offers a “green- and blueprint” for the world to take decisive actions to sustainably manage and safeguard the natural capital upon which we all depend. Marine and coastal conservation has for a long time lagged terrestrial conservation efforts. Now, for the first time, there is a collective global goal which puts land and marine and coastal ecosystems on the same footing.
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