Davos AM23 - 30x30 Ambition: Next Steps after Montreal - English

With the adoption of a new Global Biodiversity Framework in Montreal last month, 196 countries committed to protecting at least 30% of Earth’s lands, inland waters, coastal areas and ocean by 2030 to ensure that natural capital is sustained for inter-generational prosperity. It is estimated that $140 billion in annual financing will be required. What are the economic approaches and innovative financing arrangements needed to deliver on this bold ambition? <i>This session supports the ongoing work of the Ocean Action Agenda and the 1t.org project of the World Economic Forum.<i>