The Biodiversity Finance Plan (BFP) is Cambodia’s national roadmap to fund biodiversity, developed under UNDP’s BIOFIN. Using the 2018 BER baseline (US$112M spent vs. ~US$305M needed), it identifies a significant financing gap and sets priorities to mobilize resources, avoid harmful spending, and use funds more efficiently. After reviewing 24 NBSAP themes and engaging key ministries and stakeholders, five first-priority solutions were selected for 2021–2026: (1) develop sustainable, community-based ecotourism, (2) promote payment for ecosystem services, (3) enhance REDD+ impacts for conservation, (4) scale good agricultural practices to reduce biodiversity harm, and (5) strengthen institutional capacity for biodiversity finance review. Implementation strategies will be co-developed with lead agencies, with financing sought domestically and globally.
PUBLICATIONS
Incentives, Subsidies and Economic Instruments for Biodiversity in the Dominican Republic
Developed under BIOFIN, this study examines how existing economic incentives, subsidies, and financial instruments influence biodiversity and identifies opportunities to better align economic development with nature conservation. The assessment identifies 46 instruments with potential implications for biodiversity, including 15 that present opportunities for improvement or reform, 23 with potentially positive impacts, and eight potential public […]