Research and analysis

Biodiversity Finance Trends Dashboard 2025 (accessible version)

Published 10 October 2025

The Biodiversity Finance Trends Dashboard presents current trends in international biodiversity financial flows, tracking progress across the finance targets of the Kunming-Montreal Global Biodiversity Framework (KMGBF). The dashboard and accompanying report aim to assess progress and highlight where action is needed to mobilise more finance for nature from all sources and to close the US $700 billion annual biodiversity funding gap.

The 2025 version collates the most recently available data, noting a time lag in reporting for some indicators. A report with more detailed insight and all supporting sources can be accessed at www.financebiodiversity.org.

The biodiversity funding gap

US $700 billion annual biodiversity funding gap by 2030

  • US $20 billion per annum international financial flows by 2025
  • US $30 billion per annum international financial flows by 2030
  • US $200 billion per annum finance mobilised by 2030
  • Reduce or reform US $500 billion in harmful subsidies

Initiatives to assess and disclose nature risks and opportunities

620 organisations from over 50 countries or areas, representing US $20 trillion in assets under management (AUM), have committed to report in line with the recommendations of the Taskforce on Nature-related Financial Disclosures, an increase from 420+ organisations and US $15.9 trillion AUM in 2024.

Target 18: reduce harmful incentives by at least US $500 billion per year, and scale up positive incentives for biodiversity

By 2025, identify harmful incentives, including subsidies, and scale up positive incentives for biodiversity

102 countries have biodiversity-positive incentives in place.

19 countries have worked with the Biodiversity Finance Initiative (BIOFIN) to complete national-level assessments on harmful subsidies.

16 countries and 2 regions are currently conducting assessments.

Target 19: mobilise US $200 billion per year for biodiversity from all sources

Total biodiversity-specific financial flows from developed to developing countries have increased from US $7.6 billion in 2019 to US $16.8 billion in 2023.

Total biodiversity-related financial flows from developed to developing countries have increased from US $13 billion in 2019 to US $29.8 billion in 2023.

Biodiversity-specific (US$ billion)

2019 2020 2021 2022 2023
Bilateral donor finance 5.0 5.5 6.6 7.1 7.9
Multilateral institutions 1.9 3.1 2.7 5.7 7.2
Private philanthropies 0.5 0.7 0.9 0.7 0.5
Private finance mobilised by public development finance 0.2 0.2 0.7 1.8 1.2
Total 7.6 9.5 10.9 15.3 16.8
2019 2020 2021 2022 2023
Bilateral donor finance 8.4 10.1 11.8 12.1 13.6
Multilateral institutions 3.9 7.0 5.0 11.3 13.9
Private philanthropies 0.5 0.7 0.9 0.7 0.6
Private finance mobilised by public development finance 0.2 0.2 0.7 1.8 1.7
Total 13.0 18.0 18.4 25.9 29.8

International private financial flows

US $23.4 billion in private finance flowed to nature-based solutions (NbS) for climate, biodiversity, and land degradation in 2023.

Zero businesses have committed to voluntarily contribute to the Cali Fund for their use of Digital Sequence Information. 50% of Cali Fund proceeds will support indigenous peoples and local communities’ (IPL&LCs) self-identified needs.

Access to funds

US $202 million has been provisionally allocated by the Global Biodiversity Framework Fund for 40 projects in 41 countries, including 9 Small Island Developing States and 13 Least Developed Countries.

US $1.1 billion of bilateral biodiversity-related development finance was allocated to IP&LCs in 2023, an increase of US $381 million since 2022.

Domestic resource mobilisation

55 of 196 parties to the Convention on Biological Diversity (CBD) have published their National Biodiversity Strategies and Action Plans (NBSAPs) in line with the Kunming-Montreal Global Biodiversity Framework (KMGBF).

US $1.92 billion in funding has been unlocked through refinancing sovereign debt for conservation, according to TNC analysis.

39 countries have completed development of National Biodiversity Finance Plans (NBFPs). 130 countries have formally started developing an NBFP.

16 countries are implementing or developing nationally regulated policy frameworks to support biodiversity markets.

Synergies with climate finance

In 2023, 89% of bilateral biodiversity-related finance also targeted climate, whereas only 22% of climate-related finance also targeted biodiversity.

US $220 billion in total annual finance flows to NbS for climate, biodiversity, and land degradation in 2023. An increase of 11% since 2022.