The Cali Fund in operation: the potential of sustainable finance instruments and next steps

A recent call for submissions to the Secretariat of the Convention on Biological Diversity (CBD) on the implementation of the newly agreed Cali Fund provided an important opportunity for stakeholders to shape its operationalisation. Lea Reitmeier, Agata Makowska-Curran and Jasmine Kindness reflect on the importance of getting the Cali Fund right for scaling-up private sector contributions, including the possible use of green bonds to incentivise contributions.