The investment required to conserve and restore global ecosystems has been far less than what is needed. To discuss strategies and opportunities to bridge this financing gap, the United Nations Development Programme’s Biodiversity Finance Initiative (UNDPBIOFIN) hosted the 5th Global Conference on Biodiversity Finance in Cape Town, South Africa, from May 911, 2023. The conference brought together over 180 experts and government members from 45 countries to emphasize the importance of both government and private sector involvement.