The post 2020 global biodiversity framework is currently being developed by the 15th meeting of the Conference of the Parties to the Convention on Biological Diversity Conference (COP15) and will be finalised in Kunming China later this year. 

The current draft vision for 2050 is: 

By 2020, biodiversity is valued, conserved, restored and wisely used, maintaining ecosystem services, sustaining a healthy planet and delivering benefits essential for all people.

Australia has signed up to the High Ambition Coalition championing a global deal for nature with the central goal of protecting at least 30 percent of the world's land and ocean by 2030.

The current draft 2030 biodiversity target is: 

Ensure that at least 30 per cent globally of land areas and of sea areas, especially areas of particular importance for biodiversity and its contributions to people, are conserved  through effectively and equitably managed, ecologically representative and well-connected systems of protected areas and other effective area-based conservation measures, and  integrated into the wider landscapes and seascapes.

A proportion of the 2030 global biodiversity goal will be delivered by public, Indigenous and private protected areas, and a proportion will be delivered by other effective area-based conservation measures (OECMs). Discussions about the appropriate mix of protected areas (public, Indigenous and private) and OECMs are underway. 

Complementary global trends are occurring with business, government and conservation agencies calling for 'global goals for nature' to address the nature loss crisis, building on the framework developed to combat climate change. The proposed global goals for nature, to achieve a 'nature positive' economy by 2030 are: no net loss of nature from 2020; net positive by 2030; and full recovery by 2050.

Australia has an existing, world leading, science-based approach for the protection and management of ecologically representative and well-connected systems of protected areas, known as Australia's National Reserve System.