Valuation and mobilisation of financial resources for biodiversity conservation

Financing biodiversity conservation is one of the main planks of CBD implementation and will also be a key agenda item for the 15th COP on the post-2020 framework. Annually, there is a shortfall of up to 440 billion US dollars for the conservation of biodiversity, in contrast to the 500 billion US dollars that is put into investments that damage biodiversity.

Although our prosperity and a huge number of our economic activities depend directly or indirectly on biodiversity and its ecosystems, their value is currently unappreciated and inappropriately accounted for by economic or political decision-making. Above all, the many services that nature provides to us appear limitless and seemingly ‘free of charge’ (at least to date).

IKI uses a broad and varied spectrum of approaches to help its partner countries valuate and mobilise resources for the conservation of diversity: these approaches include the marketing of products that are biodiversity-friendly, the integration of biodiversity into the private and financial sectors as well as the promotion of ecotourism.

Since 2012, the Federal Ministry for the Environment, Nature Conservation and Nuclear Safety (BMU), has partnered with the European Commission, the region of Flanders, Norway and Switzerland to support the Biodiversity Finance Initiative (BIOFIN). BIOFIN is a global partnership that is headed by UNDP and is currently active in over 35 countries. The goal of the initiative is to improve the general conditions for biodiversity financing in its partner countries. Most nations do not have access to reliable figures about the actual cost of implementing their biodiversity strategies or are also unaware of the sources from which they might procure such funding and of how to then implement their strategies. BIOFIN aims to provide partner countries with support for closing these gaps. In a second phase, financing solutions are then developed and implemented. However, due to the global pandemic, BIOFIN also supports partner countries in mitigating the negative impacts of the crisis on the biological diversity while contributing to sustainable economic recovery.