BIOFIN assessed the resources requirement to achieve national biodiversity targets of Sri Lanka till 2024. This brochure summarizes the information on resources requirement and proposed financial solutions to bridge the gap between existing situation and the best case scenario. 

BIOFIN assessed the resources requirement to achieve national biodiversity targets of Sri Lanka till 2024. This brochure summarizes the information on resources requirement and proposed financial solutions to bridge the gap between existing situation and the best case scenario. 

BIOFIN assessed the resources requirement to achieve national biodiversity targets of Sri Lanka till 2024. This brochure summarizes the information on resources requirement and proposed financial solutions to bridge the gap between existing situation and the best case scenario. 

Sri Lanka has one coal power generation facility and its creating significant impact on the terrestrial and marine biodiversity of the country. Still policy makers consider coal as a good option as initial capital investment  and per unit cost of production is lower than other options available for the country. The 'cheap' image for coal has been created by lobby groups who neglect the social and environmental costs associated with the coal power production. BIOFIN works with the Public Utilities Commission of Sri Lanka (PUCSL) to understand the market externalities associated with coal power production. Objective of this exercise is to increase awareness on the actual impact of coal on the country and therefore advocating a comprehensive costing formula to be adopted in decision making process related to future power generation plans preparation.

Sri Lanka has one coal power generation facility and its creating significant impact on the terrestrial and marine biodiversity of the country. Still policy makers consider coal as a good option as initial capital investment  and per unit cost of production is lower than other options available for the country. The 'cheap' image for coal has been created by lobby groups who neglect the social and environmental costs associated with the coal power production. BIOFIN works with the Public Utilities Commission of Sri Lanka (PUCSL) to understand the market externalities associated with coal power production. Objective of this exercise is to increase awareness on the actual impact of coal on the country and therefore advocating a comprehensive costing formula to be adopted in decision making process related to future power generation plans preparation.

The Biodiversity Finance Policy and Institutional Review (PIR) in Viet Nam (VN) has been conducted by independent consultant from May 2017 to February 2018. The PIR report focuses on analyzing the status and progress of the National Biodiversity Strategy (NBS) of Viet Nam, presented in 6 chapters including introduction and recommendations as well as references and annexes.

In recent decades, the status of biodiversity (BD) in Viet Nam is worsening against a high annual economic growth (6-8% on average), which has strong impact on dependency sectors like agriculture, fishery and forestry in which most people with low incomes earn their living. Recent studies on BD valuation show that investment in BD conservation is significantly less than its contribution to economic development in provinces and the country, in general. A supplementary study on the Biodiversity Expenditure Review provides more information in this regard.

To improve biodiversity conservation, in recent years the legal framework has been strengthened, including the National Constitution (2013), the Law on Biodiversity (2008), the Law on Environment Protection (2005), the Law on Forestry (2004, revised in 2017), the Law on Fishery (2003, revised in 2017), all supported by a variety of government policies and regulations providing guidance to the implementation of legislation on BD conservation. The VN NBS is the most important policy to accelerate BD conservation in VN.

In this executive summary, BIOFIN Mexico compiles the results of Phase I of the project, as well as the finance solutions for biodiversity that the initiative will be implementing during Phase II.