The opinions expressed and arguments employed herein do not necessarily reflect the official views of the OECD or of the governments of its member countries or those of the European Union. It identifies some of the tools and techniques for targeting biodiversity co-benefits within climate change funding and discusses the key environmental and social safeguards that need to be considered. These include, for example, environmental and social impact assessments, benefit-sharing mechanisms, and transparent, participatory approaches. There are therefore likely to be opportunities to deliver co-benefits to biodiversity with climate change funding.