Excerpt: Our Best Chance for a Sustainable Future

"We all need biodiversity – the diversity of life on earth – to survive and thrive. The diversity within species, between species and of ecosystems, supports nature’s contributions to people including food, clean water, medicine, and shelter. Yet biodiversity is declining faster than any time in human history. The Kunming-Montreal Global Biodiversity Framework, or The Biodiversity Plan, was agreed among nations in 2022 to halt and reverse this loss by 2030, for the benefit of people and planet... 

G7 leaders – some of the largest global economies – must be at the forefront of implementation, driving global change and making the transformative changes needed across economies and societies to ensure sustainable and equitable development. This includes reducing greenhouse gas emissions and limiting negative actions for biodiversity, while promoting sustainable agriculture, forestry and fisheries, as well as sustainable consumption and production patterns across all sectors. G7 countries could demonstrate leadership by phasing out or reforming incentives that are harmful to biodiversity and moving to align all public and private investments in alignment with the Biodiversity Plan. 

The Biodiversity Plan is our best chance to halt and reverse the loss of biodiversity, creating a sustainable future for generations to come. If we all share the responsibility and act now, we will see results by 2030. Let us work together to build back biodiversity and create a sustainable future. We must all be part of the Plan; the Biodiversity Plan for life on Earth.

The world is looking to the G7 to lead the charge."

--David Cooper, Acting Executive Director of the Convention on Biological Diversity

"…We are committed to halting and reversing biodiversity loss by 2030 and to the swift and full implementation of the Kunming-Montreal Global Biodiversity Framework (KMGBF) and achieving each of its goals and targets, including the 30 by 30 targets. For those G7 members that are parties to the Convention on Biological Diversity (CBD), we will revise and submit updated National Biodiversity Strategies and Action Plans in alignment with the KMGBF or communicate national targets reflecting the KMGBF ahead of the 16th UN Biodiversity Conference. We recall our previous commitment to increase our national and international funding for nature by 2025, and to substantially and progressively increase the level of financial resources from all sources including by providing support to the Global Environment Facility. We commit to align all relevant financial and fiscal flows with the KMGBF. We note that Target 19 aims at mobilizing at least USD 200 billion per year by 2030 for biodiversity from all sources, including USD 20 billion per year by 2025 and USD 30 billion per year by 2030, through international financial resources. We are all still concerned about incentives, including subsidies, harmful to biodiversity, and call upon all relevant organizations to continue collaborating with us, including by assisting in identifying such incentives, and we are all working to fulfil our respective applicable commitments, including, inter alia, to identify these incentives by 2025, and redirect or eliminate them, while scaling-up positive incentives for the conservation and sustainable use of biodiversity by 2030 at the latest, taking initial steps without delay. 
 
In this context we are committed to halt and reverse deforestation and forest and land degradation by 2030 globally. We are committed to promoting sustainable forest management and sustainable use of woods and advancing sustainable supply chains that decouple agricultural production from deforestation and forest and land degradation, recognizing the importance of demand and supply-side measures. We are committed to developing innovative financial solutions for conserving, protecting, and restoring forests…"