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PAGE at COP16

At the CBD COP16 in Cali, Colombia, from 21 October to 1 November 2024, PAGE through UNDP contributed to a series of events exploring nature-positive solutions. Aligned with PAGE updated strategy, these events leveraged the experiences of PAGE countries and partners to promote South-South dialogue among stakeholders. They aimed to share insights and innovations on topics such as green finance, natural capital valuation and accounting, the circular economy, and comprehensive approaches involving both government and society. These efforts were led by Tim Scott PAGE management board member and Senior Technical Advisor Nature Hub, UNDP Bureau for Policy and Programme Support UNDP.

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At CBD COP16, PAGE through UNEP, supported the events led by the Coalition of Finance Ministers for Climate Action (CFMCA) which focused on aligning financial flows with the Global Biodiversity Framework, closing the biodiversity finance gap, and mainstreaming biodiversity into macroeconomic policies.

The conference marked the first time the Coalition and its partners – the Secretariat of the Convention on Biological Diversity, Finance for Biodiversity Foundation, the Inter-American Development Bank, United Nations Development Programme, the United Nations Environment Programme, and the World Bank Group – brought together on 28-29 October 2024 representatives of finance ministries, heads of international development organizations and CEOs of leading finance organizations to discuss the potential solutions to successful implementation of the Global Biodiversity Framework (GBF).

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