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Global Biodiversity Framework Fund (GBFF)

August 26, 2023

GS Paper III Environment and Ecology

Global Environment Facility (GEF). 

About Global Biodiversity Framework Fund (GBFF): It is created for implementation of Kunming-Montreal Global Biodiversity Framework (GBF)

    • Under Target 19 of GBF, at least $200 billion per year will need to be raised by 2030.
    • GBFF will support action towards halting and reversing biodiversity loss by 2030 and putting nature on a recovery path by 2050. 
  • Objectives: To support the conservation and sustainability of wild species and ecosystems, whose health is under threat from wildfires, flooding, extreme weather, and human activity including urban sprawl.
  • Contributors: GBFF will mobilize and accelerate investment from governments, philanthropy, and the private sector.
  • Focus Areas under Funds: 
    • Indigenous Communities: As much as 20% of the funds would support Indigenous-led initiatives to protect and conserve biodiversity.  
    • Support for Small Island Developing States and Least Developed Countries, which will receive more than a third of the fund’s resources. 
  • Canada and Britain together would provide $160 million in seed money to set up the GBFF.
Methodology

  • The report is an assessment of the distribution range, trends in abundance and conservation status of 942 of India’s 1,200 bird species.
  • Assessment has been carried out by 13 partner organisations, including the Wildlife Institute of India (WII) and Zoological Survey of India (ZSI).
  • The assessments rely on three indices:
    • Long-term trend (change over 30 years).
    • Current annual trend (change over past seven years).
    • Distribution range size in India.
  • Birdwatchers look at the abundance of the bird species based on sightings which gives an indication of the population size as well as its distribution.

News Source: DTE

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UDAAN PRELIMS WALLAH
Comprehensive coverage with a concise format
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