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Biodiversity Finance Initiative (BIOFIN II)

As of: March 2021

The financing of biodiversity conservation is a key issue in the implementation of the CBD. Most countries lack reliable information on the actual costs that are needed to effectively implement their biodiversity strategies, nor do they know where the necessary funds can be sourced and how they can be used to implement their strategies. The BIOFIN initiative, meanwhile active in 37 countries, is a global partnership that supports its partner countries by addressing these knowledge gaps. Financing solutions are being developed and implemented in a second step. BIOFIN Phase II, which is financed through the IKI Corona Response Package, focuses on four signature solutions: Support countries to deal with the impacts of COVID-19, results based and effective budgeting for biodiversity, reducing harmful subsidies and expenditures and greening the financial sector.
Predecessor project(s)
Biodiversity Finance Initiative – BIOFIN

State of implementation/results

  • At COP 12 - Decision on Resource Mobilisation (UNEP/CBD/COP/DEC/XII/3) , since then member states call for extension and application of BIOFIN.
  • The BIOFIN methodology is now implemented in 37 countries. – Countries are now in Phase II fully engaged in developing and implementing biodiversity finance solutions.
  • The BIOFIN Catalogue of Finance Solutions lists over 150 finance solutions.
  • BIOFIN produced a very comprehensive Online exchange platform and products, focusing on finance solutions.
  • first BIOFIN MOOC took place in April 2019 attracting over 3300 participants and is now available as a fully self-paced module.
  • New publication 'Moving Mountains: Unlocking Private Capital for Biodiversity and Ecosystems' was published early 2020 to clarify the options countries have to engage with the private sector.
  • The Philippines adopted a 40 million US-Dollar budget proposal for their protected area system.
  • Indonesia secured investments for a bird conservation centre amounting to 2.7 million US-Dollar.
  • In Mexico BIOFIN helped redesign two environmental funds, in the process realizing cost-efficiencies exceeding 3 million US-Dollar per year as the national climate change fund – previously not operational and not focusing on biodiversity – saw a turnover exceeding 2 million US-Dollar of funding for conservation projects.
  • Zambia adopted its first green bond framework.
  • Sri Lanka deployed a sustainable finance strategy to green the financial sector.
  • Georgia’s government approved a significantly expanded budget, with an over $200,000 increase for biodiversity investments
  • An integrated biodiversity finance plan was developed in Seychelles and endorsed by the cabinet of minister. The following four group thematic finance solutions were prioritized; establishing Biodiversity Finance Unit (BFU) within Government, biosecurity fees, tourism fees and fisheries.

Project data

Country:
Argentina, Belize, Bhutan, Botswana, Brazil, Cambodia, Chile, China, Colombia, Costa Rica, Cuba, Ecuador, Fiji, Georgia, Guatemala, India, Indonesia, Kazakhstan, Kyrgyzstan, Madagascar, Malawi, Malaysia, Mexico, Mongolia, Mozambique, Nepal, Peru, Philippines, Rwanda, Seychelles, South Africa, Sri Lanka, Tanzania, Thailand, Uganda, Viet Nam, Zambia

Implementing organisation:
United Nations Development Programme (UNDP) - Slovakia

Political partner(s):
  • Diverse biodiversity relevant institutions in the respective partner countries/Diverse biodiversitätsrelevante Institutionen in den entsprechenden Partnerländern

BMU grant:
40.000.000,00 €

Duration:
01/2018  till  12/2025




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