About KMGBF

• It is a non-binding framework adopted at the 15th Conference of Parties (COP) to the CBD in Montreal (Dec 2022).
• Aim: To halt and reverse biodiversity loss by 2030.
• Targets: Set 23 targets to be met by 2030:  i.e. 30 % conservation of land, sea and inland water, 30 % restoration of degraded ecosystems, etc.
• Goals: Set 4 goals to be achieved by 2050:
  • Ecosystem & species health including halting human-induced species extinction.
  • Sustainable use of biodiversity.
  • Equitable sharing of benefits.
  • Implementation and finance to include closing the biodiversity finance gap of $700 billion per year.

Key Recommendations by the Scientific Body

• New work is to be advanced in areas like  Biodiversity-inclusive spatial planning;  Sustainable biodiversity-based activities etc.
• Supporting adequate financial resources, capacity-building, etc.
• Ensure that the rights of indigenous peoples and local communities are respected. 

Convention on Biological Diversity

• About: International treaty adopted at the United Nations Conference on Environment and Development (the Rio "Earth Summit") in 1992. 
• Headquarters: Montreal, Canada.
• Members: 196 (India is a Member).
  • As a party to CBD, every member country is required to have a national biodiversity strategy and action plan.
  • Accordingly, India enacted the Biological Diversity Act, 2002.