The Financial needs Assessment present the detailed costing of the NBSAP (2018-2025). The total cost of the implementation of the NBSAP was estimated at UGBX 2,859.9 billion on average, Uganda required about UGX 472.6 billion for biodiversity conservation and management per fiscal year. Furthermore, about 96.6% of the total cost of implementation of the NBSAP II are to implement the objective 3; these costs are related to the restoration of forests and wetlands. The main drivers of habitat loss in forest and wetlands areas are demand for biomass fuel and land for agricultural production respectively. It should be noted that cost of habitat restoration might not be the best strategies if the root cause of forest and wetland degradation are not addressed. Further analysis revealed that only about 0.5% of the total costs of implementation of the NBSAP are capital development costs while the remaining is for recurrent costs. The high proportion of the recurrent costs are attributed to restoration of forests and fragile ecosystems that are spread out till 2024/25.
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 […]
