Updated NBSAP was launched at the Conference of Parties (COP) 16 to the Convention on Biological Diversity (CBD) in Colombia. 

• NBSAP provides a framework for biodiversity conservation, enables focus on sustainable use of biological resources, and ensures fair and equitable sharing of benefits derived from them.

Key highlights of NBSAP 2024-30

• Background: First NBSAP was created in 1999. National Biodiversity Action Plan (NBAP) was adopted in 2008, which was updated in 2014 to align with Aichi Biodiversity Targets.
• Aligns with KMGBF: Kunming-Montreal Global Biodiversity Framework (KMGBF) adopted in 2022 aims to halt and reverse biodiversity loss by 2030
• 23 National Biodiversity Targets: They are focused on three themes 
  • reducing threats to biodiversity, 
  • ensuring sustainable use of resources, and 
  • enhancing tools for implementation 

• Implementation: MoEFCC serves as the central agency (refer to the infographic) 
• Capacity building: Efforts may include
  • need and gap assessment; 
  • target group identification; 
  • identify experts/environment; 
  • Train for the acquisition of knowledge, skills
• Resource mobilization: 
  • Recognises India among the leading countries for implementation of Biodiversity Finance Initiative (BIOFIN) at national level. 
    • BIOFIN is a global partnership launched by UNDP and the European Commission to support countries to enhance their financial management of biodiversity and ecosystems.
  • Calls for encouraging private entrepreneurs, business houses, donors, and international agencies to support initiatives like, Greenbonds, Green Fund, Payment for Ecosystem Services, etc.