关键词: 生物多样性金融, 昆明-蒙特利尔全球生物多样性框架, 资源调动, 投融资机制

Abstract

Background & Aim: With the adoption of the Kunming-Montreal Global Biodiversity Framework, resource mobilization has been elevated to a strategic priority in global biodiversity governance. China Biodiversity Conservation Strategy and Action Plan (2023–2030) explicitly sets the goal of “basically establishing a diversified investment and financing mechanism by 2030”, signaling a new stage in institutionalizing biodiversity finance. This paper aims to analyze China’s biodiversity finance system through a structured lens, drawing on policy frameworks and practical experience to examine both domestic development and international innovations. 

Review Results: This study builds a framework linking policy support dimensions with financial instrument types to analyze China’s biodiversity finance system. It identifies five key policy areas, including investment and finance mechanism, taxonomy and standards system, nature-related disclosure and risk management, external cooperation mechanism, across which a mix of directive, incentive-based, and mandatory tools. Core instruments include green credit, green bonds, ecological compensation, blended finance, and asset-based financing. Further, this paper examines the logic and practical challenges of three innovative mechanisms—blended finance, biodiversity-linked mechanisms, and market-based ecological compensation—in both domestic and international contexts, and offers diversified financing pathways and policy insights for supporting biodiversity. 

Recommendations: Based on the challenges above, the paper proposes several policy recommendations: establish biodiversity investment and financing support catalog along with financial standards to reduce identification costs for investors, promote gross ecosystem product (GEP) and ecological performance-based financial products, and innovate models such as environmental asset collateral, blended finance, and ecological-oriented development (EOD) model to strengthen support for biodiversity projects, and strengthen biodiversity-related risk management and information disclosure to enhance private sector investment confidence. Through these measures, the aim is to establish stable and sustainable financial flows, promoting biodiversity mainstreaming in economic, policy, and social domains.

Key words: biodiversity finance, Kunming-Montreal Global Biodiversity Framework, resource mobilization, investment and financing model