The Split of Global Target 19 into two distinct national targets for Kenya serves a strategic purpose. Firstly, by setting a specific annual mobilization target, Kenya ensures a measurable and focused approach to financial resource generation. The second target, aiming for a comprehensive policy and legislation for sustainable finance mechanisms by 2025, provides a structured framework for innovative approaches, reflecting Kenya's commitment to efficient and sustainable financial practices. Lastly, the emphasis on recognizing and capturing domestic contributions from communities aligns with Kenya's recognition of the invaluable role local stakeholders play in biodiversity conservation. This division allows Kenya to tailor its approach, balancing immediate financial goals, regulatory frameworks, and community involvement, ensuring a well-rounded and effective strategy to achieve the overarching global target.
By 2025, develop a resource mobilization strategy for sustainable finance mechanisms for biodiversity conservation (finance strategy), and by 2030, increase financial resources mobilized by at least 35% per year from all sources—domestic, international, public, and private—in an effective, timely, and easily accessible manner, in accordance with Article 20 of the CBD, while recognizing voluntary and in-kind contributions by indigenous and local communities and developing accounting frameworks to capture the full scale of domestic contributions to biodiversity conservation.
GBF Targets