India unveiled its updated National Biodiversity Strategies and Action Plan (NBSAP).
A document titled Updated National Biodiversity Strategies and Action Plan: A Roadmap for Conservation of India’s Biodiversity has been released by Kirti Vardhan Singh.
This has been released at the event organised at the 16th Conference of Parties (COP16) of the Convention on Biological Diversity.
This is the third NBSAP that has been developed since 2000.
Under this plan, India has set 23 targets under six broad conservation domains.
The Biodiversity Expenditure Review estimated that its implementation would require an estimated annual average financial requirement of Rs 81,664.88 crore at the central government level.
This document also provided a financial plan. The biodiversity finance plan suggests some financial solutions.
Finance Plan, including augmenting public finance, corporate social responsibility, ecological fiscal transfer, and access and benefit sharing (ABS).
