Policy brief | Habitat banking in Colombia: Preserving biodiversity and creating economic opportunities


BIOFIN Colombia 2023 - Habitat Banks
Date:
Topic:
Finance Plan (BFP)
Finance Solutions
Country:
Colombia

The goal of this document is to provide information about what Habitat Banks are and their advantages as an instrument for the effective mobility of resources for funding biodiversity in Colombia, as an environmental offset mechanism, and as an economic driver of the rural economy. First of all, a context is provided on the current state of biodiversity finance in Colombia. Second, it is explained what Habitat Banks are and their advantages as an offset mechanism, financial instrument, and generator of employment and rural development. In conclusion, it mentions public policy needs to advance in implementing Habitat Banks in relation to the current regulation, to materialize the potential of this mechanism, together with a high-integrity biodiversity credits market for the country.

 

To see this document in english, click in the below link

Para ver este documento en español, haga click en el siguiente enlace