Policy makers are at a pivotal moment, with National Biodiversity Strategies and Action Plans (NBSAPs) serving as the main tool to implement the Kunming-Montreal Global Biodiversity Framework (KMGBF). This new report from UNEP-WCMC highlights the critical role of the private finance sector and outlines key actions for policymakers to engage financial institutions in this process. 🌍💰 Here are key actions for policy makers: 1. Foster Collaboration 🤝 Engage early and deeply: Involve financial stakeholders in the NBSAP revision and implementation process to leverage their expertise in resource mobilization strategies. Build cross-ministerial efforts: Ensure greater engagement from Ministries of Finance to align economic incentives with biodiversity goals. 2. Create an Enabling Policy Environment 📜 Strengthen regulatory frameworks: Evaluate and improve regulations that incentivize private sector engagement in restoration-focused markets and define permissible business activities within protected areas to facilitate due diligence and risk assessment. Enhance transparency: Ensure clear plans for the expansion of protected areas and make data transparent to help the private finance sector assess and mitigate transition risks. Develop sustainable finance taxonomies: Expand existing taxonomies to include biodiversity and ecosystem objectives, providing clear guidance on what constitutes sustainable economic activity[cite: 129, 815]. 3. Align Financial Flows ➡️ Reform harmful incentives: Identify and reform subsidies that are harmful to biodiversity, starting with the most damaging ones, to redirect financial flows toward positive outcomes. Advance understanding of risks: Work with central banks and financial supervisors to advance the understanding of biodiversity loss as a financial risk to promote alignment with national goals. Support disclosure: Adopt measures to ensure large companies and financial institutions transparently disclose their biodiversity impacts and dependencies, building on frameworks like TNFD and ISSB. By implementing these actions, policymakers can effectively mobilize private capital, align financial flows with national biodiversity priorities, and turn ambitious commitments into a financially viable reality. #Biodiversity #NBSAPs #ClimateAction #Policymakers #SustainableFinance #NaturePositive #Finance