Shaping the future, creating scope for development

In December 2022, 196 countries, including Switzerland, signed up to the Kunming-Montreal Global Biodiversity Framework (GBF) and committed to protecting and restoring nature and halting biodiversity loss. The framework consists of global targets to be achieved by 2030 and beyond to safeguard and sustainably use biodiversity. Sufficient investments are required to ensure that Switzerland is able to achieve its national biodiversity objectives under this framework. The pressures on Swiss nature – such as unsustainable land use, pollution and climate change – are intensifying. As in other jurisdictions, the Swiss government is increasingly integrating nature-related considerations into their regulatory and supervisory approaches. However, unlike with the climate, there had never been any assessment of the financing needs in this area until now. This is likely also due to a lack of a global reference path for nature; that is, no equivalent to ‘net zero’ and therefore no national assessments of the related financing needs.