Eliminating, phasing out, or reforming harmful incentives is key to the conservation and sustainable use of biodiversity. In order to meet Target 18 of the Kunming-Montreal Global Biodiversity Framework (GBF), countries must: identify these harmful incentives by 2025; substantially and progressively reduce them by at least USD 500 billion per year by 2030; and scale up positive incentives. This event brought together policymakers, stakeholders, and experts, to exchange information and provide recommendations on how parties can align policies towards achieving Target 18.