CoP-11 is expected to come out with a road map for operationalisation of the Strategic Plan and Aichi targets; facilitation of early entry into force of Nagoya Protocol on Access and Benefit Sharing; and determine targets for mobilizing resources for implementing the Strategic Plan.
On resource mobilization, presently, the international flows for biodiversity directly and indirectly are approximately USD 6 billion, which is about 4.7% of the global ODA of USD 127 billion. To enable CoP-11 to agree on targets for resource mobilization for implementation of the Strategic Plan, an assessment of the requirement of funding to meet the Aichi targets at the global level is necessary. Towards this, a number of activities have been undertaken in the intersessional period.
India with Sweden, Ecuador and others co-sponsored a Dialogue seminar on finance in Quito in March 2012, the outcomes of which resulted in an improved understanding between the developed and developing countries.
Thereafter, India alongwith UK have sponsored a High Level Panel for assessing the resources required globally to implement the Strategic Plan. An interim report of this Panel will be presented to CoP-11.
The Panel has estimated that the costs for implementing the Aichi targets is between USD 150 billion to 430 billion annually, though coordinated action on the targets is expected to substantially reduce the total estimate.
Parallely, a team of five experts commissioned by the CBD Secretariat have undertaken an assessment of the amount of funds that are necessary to assist developing countries in achieving Aichi targets, over the period 2014-2018.
As per this assessment, the total funding needs for developing countries for the period 2014-2018 works out to be between USD 74 billion and 191 billion.
The outcome of these intersessional activities will be considered by CoP-11, for facilitating a decision on some interim commitments on resource mobilization, alongwith a road map that would include review by CoP-12 when more information is expected to become available.
India has also hosted and supported a number of workshops and meetings for capacity building on Protected Areas, national biodiversity strategies and biosafety. These efforts made by India have been well appreciated by the global community.
The CoP-MoP-6 will discuss and adopt further decisions for safe transfer, handling and use of living modified organisms (LMOs) resulting from modern biotechnology. The discussions will inter alia focus on risk assessment and management of LMOs, socio-economic considerations, capacity building, information sharing, cooperation among countries, and resource mobilization to assist developing countries in meeting their global commitments towards safe use of LMOs.
The outcomes of CoP-MoP-6 and CoP-11 are in the form of decisions agreed to by consensus among all Parties to the CBD, which are binding on the Parties.
The High Level Segment will be inaugurated by the Prime Minister Dr Manmohan Singh in the afternoon of 16 October 2012. Several Ministers, Vice-Ministers and Ambassadors are likely to attend the High level Segment. There will be four Panel discussions on the following topics during the High Level Segment:
Panel I: Implementation of the Strategic Plan on Biodiversity 2011-2020
Panel II: Biodiversity for Livelihoods and Poverty Reduction
Panel III: Coastal and Marine Biodiversity
Panel IV: Implementation of Nagoya Protocol on Access to Genetic Resources and Benefit Sharing.
The outcome of High Level Segment will be in the form of Chair’s summary statement by the Minister for Environment and Forests.