CAF at COP15
Through Fifteenth meeting of the Conference of the Parties (COP 15) and the Convention on Biological Diversity (CBD), the international community is working to address the growing challenge that economic development poses to the planet's biodiversity and ecosystems. Despite significant progress, the Parties' efforts to reverse the trend of biodiversity loss have not been sufficient. The need to increase ambition in the definition of objectives and the availability of financial resources, the need to broaden the incentives for multi-sector collaboration and the need to broaden the participation of the financial system and of multilateral banks in particular, are highlighted.
In the context of the COP15 organized by the United Nations and to be held from December 7 to 19 in Montreal, a process of building international agreements between countries on the contents and targets that will be part of the Post-2020 Global Biodiversity Framework, as the political and operational instrument of the CBD in the period 2022-2030 and the framework of the global vision on biodiversity for the period 2022-2050 is being carried out.
Event date:
December 07, 2022 - December 07, 2022
CAF at COP15
In recent years, CAF's participation in the COPs has focused on monitoring the negotiations, providing recommendations for biodiversity financing, presenting studies, initiatives, projects and programs relevant to the subject, while providing meeting spaces to explore common interests among Latin American and Caribbean delegations.
Latin America and the Caribbean is home to 6 of the 17 countries with the greatest biodiversity in the world, therefore, CAF's role is relevant for the region and should increase its ambition over the next 10 years to increase the supply of financial solutions and technical assistance in order to increase the productive value of natural capital and environmental services provided by Latin American and Caribbean biodiversity.
The CAF Green Agenda presents a transversal corporate vision led by the Climate Action and Positive Biodiversity Management and appropriated by the entire organization, where CAF integrates the challenge of biodiversity recovery in its work approach, financial operations, technical cooperation and mobilization of funds from third parties, aiming to achieve two strategic objectives: (i) support the structuring of programs and projects with environmental, climate co-benefits and the mobilization of international resources dedicated to green finance; (ii) support shareholder countries in meeting their international environmental and climate commitments.
In addition, at a global level, ocean conservation is of great importance; therefore, it is in CAF's interest to propose a strategic vision for the Ocean in Latin America and the Caribbean aligned with CAF's Green Bank vision and other regional and international trends that are of high public concern.
CAF Activities in the framework of COP15
CAF is leading the organization of several events to be held during COP15:
Launch of “BIOCAF 2022-2026” CAF’s strategic initiatives for biodiversity and the ocean.
This side event comprises two panels. The first, Panel 1: “BIOCAF 2022-206” will be focused on presenting CAF’s Strategic Biodiversity Initiative “BIOCAF 2022 – 2026” based on its solid consultation platform and current biodiversity components analysed throughout key cross sector components as natural ecosystems recovery and financing for biodiversity. Panel 2: “CAF’s vision on Ocean and Blue Economy” is devoted to discuss the Latin American and the Caribbean Ocean and Blue Economy current trends, breaches and opportunities. The "CAF’s Ocean Vision" discussion paper will be presented as a new and fresh regional perspective. The event is a singular space to discuss and share valuable feedback from the selected members of the panel.
Venue: Room Shilin 514B
Date and time: Tuesday 13th December 11:00 – 12:30
Working breakfast – CAF’s Vision on Ocean & Blue Economy.
This working breakfast is an opportunity to reinforce CAF’s strategic vision for the ocean in Latin America and the Caribbean as part of a participatory process which is on-going now. The aim of the working breakfast is to present and review the discussion paper “CAF’s Strategic Vision for the Blue Economy” in a unique and privileged global forum with the participation of the main actors in biodiversity management in Latin America and the Caribbean. The information discussed and obtained during the working breakfast will be part of the preparation of the final document that will be presented at the UN Ocean Conference "Our Ocean" to be held in March 2023 in Panama.
Venue*: Belfour Room, Hotel Intercontinental, 360 Rue Saint-Antoine O, Montréal, QC H2Y 3X4
Date and time: Thursday 15th December 07:30 – 09:00
*By invitation only
Launch of the “Americas Flyways Initiative” CAF-Audubon-BirdLife.
The launch of the alliance for the “American Flyways Initiative” between the Latin American and the Caribbean Development Bank (CAF), the National Audubon Society and BirdLife International at the GEF CoP15 Pavilion will demonstrate how hemispheric conservation goals for declining populations of shared species can be achieved when key global and regional actors work collaboratively. The “American Flyways Initiative” aims to enhance and mainstream science and financing in biodiversity conservation and sound sustainable financial project investments.
Venue: GEF Pavilion, Palais des Congrès de Montréal
Date and time: Friday 16th December 10:00 – 11:00
This is event will be streamed.
