This paper explores issues of eligibility and access, including the development of equitable sharing criteria and simplified application and approval procedures, to support the discussions between Parties on the operationalisation of the special fund in advance of PrepCom 2.
This paper includes an assessment of lessons learned and existing best practices under multilateral environmental agreements (MEAs) to guide the decisions on the operationalisation of the financial mechanism of the BBNJ Agreement.
By analysing and providing for operationalising eligibility and accessibility, equitable access modalities are presented which would enable achievement of the objective of the Agreement in conserving and sustainably using marine biodiversity in areas beyond national jurisdiction (ABNJ), through effective implementation of its provisions and strengthened international cooperation.
This document has been prepared by the University of New South Wales Centre for Sustainable Development Reform, serving as the Secretariat to the BBNJ Finance Advisory Group (Advisory Group) with inputs from the members of the Advisory Group. The Advisory Group consists of global experts serving in their personal capacity to provide thought leadership on innovative financial mechanisms for the implementation of the BBNJ Agreement.
Members of the Advisory Group contribute diverse perspectives to advance discussions and offer expert insights, but their participation does not constitute endorsement of all content. The opinions expressed in this note and other outputs, do not represent the official positions of any government, organisation, country, or member. This initiative is supported by the Bloomberg Ocean Initiative.
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