
Opportunities and Challenges for SIDS to Shape and Advance the BBNJ Agreement’s Funding Through and Beyond its Financial Mechanism (Information Paper)
The BBNJ Agreement’s financial mechanism, including the Special Fund, is vital for supporting implementation, especially in developing countries and SIDS. However, key challenges remain, such as ensuring long-term funding, coordinating with the GEF Trust Fund, and designing inclusive, accessible governance structures. To be effective, the mechanism must provide predictable resources, support capacity-building, and promote coordination with other international frameworks.