2010-10-Nagoya
GDM 2010 Initiative at COP10
18-29 October 2010
Nagoya, Japan
At COP10, the Parties had a unique opportunity to endorse further consultation and work on an international mechanism for innovative market-based financing for biodiversity.*
Key documents
UNEP/CBD/COP/10/INF/15 – The GDM 2010 Initiative Report
A collection of 12 one-page GDM info sheets
Side Events
Friday, 22 Oct, 16:30 – 18:00, Room 212A – Bldg 2, 1st Floor
Biodiversity Markets: Private-sector Participation through a GDM
Actors within the private sector are looking at ways of engaging in the biodiversity agenda. Such engagement, however, raises many questions. Is there a case for the private sector to invest in biodiversity? What can the private sector contribute to conservation and sustainable use? How can market solutions be sustainable and tailored to ensure ecological and social performance? This side-event will explore the opportunities and challenges of engaging the private sector through a proposed ‘Green Development Mechanism’.
Monday, 25 October, 13:15 – 14:45, Room 136 – Bldg 1 – 3rd Floor
The GDM and Innovative Finance
In light of the deliberations of the Parties on innovative financial mechanisms, this side event will explore how a GDM could generate additional funding from the private sector in support of biodiversity and development. A high-level panel will discuss the case for further consultation and work on a mechanism for green development.
More details
*COP9 called for “studies on approaches to develop markets and payment schemes for ecosystem services at local, national and international levels,” and asked Parties “to improve actions and cooperation for enhancing the engagement of the business community… in the implementation of the three objectives of the Convention,” and “to come forward with new and innovative financing mechanisms in support of the strategy for resource mobilization.”
In support of these decisions, the GDM 2010 Initiative was established with the aim to achieve a significant level of interest and support by COP10 for the idea of a ‘Green Development Mechanism’ (GDM). Though the GDM 2010 Initiative was relevant to negotiations on business engagement and on biodiversity and development, its primary relevance was to the strategy on resources mobilisation, particular with respect to innovative financial mechanisms. Though the Parties did not agree on a new decision on innovative financial mechanisms, the mandate for such exploring and developing such mechanisms remains.
