In News:

The updated NBSAP was released by India at the 16th Conference of Parties (COP16) to the Convention on Biological Diversity (CBD).

Overview of the NBSAP (2024-30):

• Title:Updated National Biodiversity Strategies and Action Plan: A Roadmap for Conservation of India’s Biodiversity.
• Objective: To provide a comprehensive roadmap for biodiversity conservation, aligning with global frameworks like the Kunming-Montreal Global Biodiversity Framework (KMGBF).

Key Features of the Updated NBSAP:

• Alignment with Global Frameworks:
  • The Kunming-Montreal Global Biodiversity Framework (KMGBF) adopted in 2022 aims to halt and reverse biodiversity loss by 2030.
  • India’s updated NBSAP aligns with KMGBF’s goals, focusing on biodiversity conservation, sustainable resource use, and ensuring fair benefit-sharing.
• 23 National Biodiversity Targets:
  • The targets are focused on three key themes:
    • Reducing threats to biodiversity
    • Ensuring sustainable use of biodiversity
    • Enhancing tools for biodiversity implementation
• Key Domains of Focus:
  • Area-based conservation: Protecting ecosystems and habitats.
  • Ecosystem resilience: Enhancing the ability of ecosystems to withstand environmental stressors.
  • Recovery and conservation of threatened species.
  • Conservation of agrobiodiversity: Ensuring the sustainability of agricultural biodiversity.
  • Sustainable management of biodiversity.
  • Enabling tools and solutions: Including financial and technical support for implementation.
• Financial Plan and Expenditure:
  • Biodiversity Expenditure Review (BER) estimated an average annual expenditure of Rs 32,20,713 crore (FY 2017-2022) for biodiversity conservation.
  • Future funding requirements (FY 2024-2030) estimated at Rs 81,664.88 crore annually at the central government level.
  • Biodiversity Finance Plan suggests financing solutions, including public finance, corporate social responsibility (CSR), Ecological Fiscal Transfer (EFT), and Access and Benefit Sharing (ABS) mechanisms.
• Capacity Building:
  • The NBSAP stresses the need for capacity building across various levels—national, state, and local.
  • Focus on skills acquisition for biodiversity management and enhancing knowledge to implement conservation strategies.

Implementation Framework:

• Multi-Level Governance:
  • At the national level, the Ministry of Environment, Forest, and Climate Change (MoEFCC) will oversee implementation with involvement from 22 other ministries.
  • State-level: Involves State Biodiversity Boards and Union Territory Biodiversity Councils.
  • Local level: Community-driven efforts through Biodiversity Management Committees.
• BIOFIN and Resource Mobilization:
  • India is recognized as a leading country in the implementation of the Biodiversity Finance Initiative (BIOFIN).
  • Encouragement for private entrepreneurs, businesses, and international donors to invest in biodiversity through innovative financial instruments like:
    • Green Bonds
    • Green Funds
    • Payment for Ecosystem Services (PES)
• Incentives for Financial Solutions:
  • India aims to explore funding from corporate social responsibility (CSR), ecological fiscal transfers, and access and benefit sharing mechanisms to meet the financial needs for biodiversity conservation.

Challenges and Strategies:

• Challenges India Faces:
  • Habitat fragmentation
  • Pollution
  • Illegal wildlife trade
  • Adverse effects of climate change
• Strategic Responses:
  • The updated NBSAP provides strategies to address these challenges, ensuring comprehensive conservation and sustainable use of biodiversity.