Payments for ecosystem services and the financing of global biodiversity conservation

► Market funding comprises around 20-25% of total funding for biodiversity conservation in developing countries. ► There remains a significant funding gap for biodiversity conservation, in particular in low-income and middle-income countries. ► Relying on market funding including PES alone to generate additional funds will not arrest global biodiversity loss. ► A new, long-term funding mechanism is required for global biodiversity conservation.