[1] The GBF was adopted by the 15th Conference of Parties (COP15) to the Convention on Biological Diversity (CBD) on 19 December 2022.
[13] COP15, the summit where the GBF was adopted, was described by Elizabeth Maruma Mrema (Executive Secretary of the Convention on Biological Diversity) as a "Paris moment for biodiversity".
[15] As part of the target, countries must stop subsidizing activities that destroy wilderness, such as mining and industrial fishing.
[22] Since the implementation of the GBF, nature-positive has played a role in mainstreaming nature throughout businesses and governance systems to achieve the targets of the framework.
[20] The implementation of the GBF will likely lead to the following effects according to the United Nations Environment Programme Finance Initiative:[23] The GBF is not a legally binding treaty,[24] but it is expected to have a major impact in countries around the world as they endeavor to meet their targets, through the development of new plans and regulations.