Key insights from the webinar included:
- Effective climate and biodiversity action relies on adequate finance, yet current systems lack transparency, ambition and structure, (particularly when mobilising north-south flows).
- The Paris Agreement offers binding global goals with little implementation guidance, while the Global Biodiversity Framework provides practical action but lacks legality.
- Many countries and ministries treat biodiversity and climate separately which weakens effectiveness and ignores real-world interdependencies.
- Simplified indicators can aid policy, but biodiversity's complexity must be respected, it cannot be reduced to a single metric.
- Baku raised the finance target but offered little clarity on mechanisms, soruces or public/private balance.
- In Baku leaders failed to move away from fossil fuels, engage new donors or transform the financial system structurally.
- There is a risk that finance for biodiversity could come at the cost of climate finance.