The European Commission convened a Brussels meeting on private biodiversity financing ahead of the 17th Conference of the Parties to the Convention on Biological Diversity to focus on how to close the EUR 37 billion annual biodiversity funding gap. The discussion centred on scaling innovative financing mechanisms to mobilise private capital alongside domestic and international public funds, as public financing faces pressure. Around 100 policymakers, financial institutions and private-sector leaders discussed practical ways to expand private investment in biodiversity, including the use of decision-useful metrics for portfolio management linked to ecosystem dependencies. Particular attention went to nature credits and implementation of the Commission’s 2025 Roadmap Towards Nature Credits, with the meeting positioned as part of wider preparations for CBD COP17 in Yerevan from 19 to 30 October, where progress under the Kunming-Montreal Global Biodiversity Framework will be reviewed. That framework calls for EUR 200 billion a year in biodiversity investment from all sources by 2030.