This BBNJ brief, in conjunction with papers published by the PrepCom Secretariat (Division for Ocean Affairs and the Law of the Sea, DOALOS), seeks to provide insights into the key institutional and operational decision points that Parties must address to operationalise the special fund
The brief aims builds on the information shared in the note provided by the PrepCom Secretariat on financial resources and mechanism’, specifically focusing and providing options for: Institutional Arrangements, Contributions, Operational Modalities, Monitoring and Evaluation, and Coherence and Complementarity.
It provides examples based on an assessment of the following eight multilateral environmental 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.
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