We are at an inflection point in history.
The COVID-19 pandemic has reminded us that human and planetary well-being are intertwined, that the economy and the health of our planet go hand in hand. That the ecosystems of our economies are embedded within our natural ecosystems.
This is why BIOFIN, a United Nations Development Programme-managed global programme, exists: to demonstrate how nature-positive economies can work for people and the planet.
The pathway to a green recovery
BIOFIN was initiated ten years ago at the CBD COP 11, by UNDP and the European Commission, in response to the urgent global need to divert more finance from all possible sources towards global and national biodiversity goals.
Now present in 40 countries, BIOFIN is working with governments, civil-society, vulnerable communities, and the private sector to catalyse investments in nature.
Investments that not only protect biodiversity, but let it flourish.
Investments that create jobs and opportunities for communities reeling from the impacts of COVID-19.
Investments that secure a sustainable future for people and the planet.
A race to the top
Transitioning to a nature-positive economy demands a new way of working. The economic system needs rewiring to reward sustainable, long-term performance that goes beyond merely financial returns.
As the Dasgupta Review argued, we must “change our measures of economic success to help guide us on a more sustainable path.”
Governments must implement ambitious policies that reflect a vision of the sustainable economy to which we aspire. Such measures could not only unlock new business opportunities but also create a level playing field and stable operating environment.
In the run-up to the United Nations Biodiversity Conference (COP15) scheduled to take place in China in October, more than 700 companies are urging governments to adopt policies now to reverse nature loss by 2030.
The dependence of our economies and businesses on nature is clear and BIOFIN is using its unique, tried and tested methodology to identify hundreds of finance solutions that can help protect the future of the planet and our economies.