Key questions: 

This note from the BBNJ Advisory Group on Finance aims to support an understanding of the opportunities for private sector finance to support high seas biodiversity conservation under The Agreement under the United Nations Convention on the Law of the Sea on the Conservation and Sustainable Use of Marine Biological Diversity of Areas beyond National Jurisdiction (BBNJ Agreement).

Questions addressed are:
  1. What are the potential entry points for financial engagement by the private sector under the BBNJ Agreement?
  2. What steps would be helpful to facilitate funding from private sources?
  3. Why is involvement with the BBNJ Agreement attractive to the private sector?
  4. How to ensure alignment with main BBNJ Agreement funding processes and funds?

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.