Fast-tracking Transformation through Sustainable Public Finance for Biodiversity (FAST)

The project focuses on aligning public finance with biodiversity protection through fiscal policy and budget restructuring. In the partner countries, all of them hosting biodiversity hotspots, public finances are misaligned with sustainability goals with fiscal policies continuing to promote environmentally harmful, emission- and resource-intensive economic activities. For successful fiscal policy intervention, it is essential to align the overall budget, actively engage stakeholders and ensure transparency. These aspects are critical to navigating the complex interactions between political and economic interests, public acceptance and policymaking. The project will therefore support the partner countries in implementing inclusive sustainable public finance measures to incentivize climate and biodiversity actions, contributing to the objectives of the Paris Agreement and the Global Biodiversity Framework.