Climate

COP17: Developed countries ‘fall far short’ of UN targets for nature finance

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Briefings

A UN Convention on Biological Diversity report released in September 2026 warns that developed nations are failing to meet the $200bn annual biodiversity finance gap required by the Kunming-Montreal Global Biodiversity Framework. Between 2020 and 2023, countries mobilized only $186.4bn, averaging less than $50bn per year, while international public funding reached just $17.7bn. The report explicitly states that the $20bn annual public finance target for 2025 was not achieved, and the $700bn total biodiversity finance gap remains largely unmet.

Key points

• Developed nations mobilized only $186.4bn cumulatively between 2020 and 2023, averaging less than $50bn per year, failing to meet the $200bn annual target.
• International public funding reached $17.7bn across four years (2020-2023), averaging $4.4bn per year, falling significantly short of the $20bn annual target.

Context

This briefing summarizes findings from the UN Convention on Biological Diversity's global stocktake report, released ahead of COP17 in Armenia. The report highlights the failure of developed countries to close the $200bn biodiversity finance gap, a critical component of the Kunming-Montreal Global Biodiversity Framework agreed at COP15 in 2022.

Limitations

The report is a preprint dated September 2026 and explicitly states it is 'still too early to draw any conclusions.' Data for 2020-2023 is limited to reporting countries, and the $20bn annual public finance target for 2025 was not achieved, meaning the report cannot confirm if the 2025 milestone was met.

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