BIOFIN’s team of experts are currently working in 40 countries to develop Biodiversity Finance Plans - roadmaps towards a more sustainable future. The experts draw on qualitative and quantitative data, innovative methodologies, and input from a variety of sectors to create an agenda for action.
Step 1: Finance Policy and Institutional Review: Assess the policy, institutional, and economic context for biodiversity finance and map existing finance solutions.
Step 2: Biodiversity Expenditure Review: Measure and analyse current biodiversity expenditures from the public and private sectors, donors, and non-governmental organizations (NGOs).
Step 3: Biodiversity Financial Needs Assessment: Make a reliable estimate of the finances needed to achieve a country’s biodiversity goals, and compare this to current biodiversity expenditures and other resources available.
Step 4: Biodiversity Finance Plans: Develop a Biodiversity finance plan that identifies and mobilizes the resources and policies required to implement the most suitable finance solutions.
Biodiversity finance solutions are extremely varied – BIOFIN has compiled a list of over 150 available online.
Solutions can rely on a number of factors, which can be:
- Public or private revenues or contributions.
- Built around voluntary or compulsory schemes.
- Guided by markets or regulations.
- Available on a short- or longer-term basis.
- Associated with particular conditions set by the finance providers.
- Available in different currencies.
With BIOFIN's knowledge and unique approach, we are working to expand our work across the world to ensure a greener, safer future for nature and for society.
Learn more about BIOFIN's Methodology here.