BIOFIN’s team of experts is currently working in over 40 countries to develop Biodiversity Finance Plans - roadmaps towards a more sustainable future. This video explains the steps to get there before delivering finance solutions for people and the planet. The BIOFIN experts draw on qualitative and quantitative data, innovative methodologies, and input from a variety of sectors to create an agenda for action.
Step 1: Finance Policy and Institutional Review: Assess the policy, institutional, and economic context for biodiversity finance and map existing finance solutions.
Step 2: Biodiversity Expenditure Review: Measure and analyse current biodiversity expenditures from the public and private sectors, donors, and non-governmental organizations (NGOs).
Step 3: Biodiversity Financial Needs Assessment: Make a reliable estimate of the finances needed to achieve a country’s biodiversity goals, and compare this to current biodiversity expenditures and other resources available.
Step 4: Biodiversity Finance Plans: Develop a Biodiversity finance plan that identifies and mobilizes the resources and policies required to implement the most suitable finance solutions.
Step 5: Implementation - delivering finance solutions. Biodiversity finance solutions are extremely varied – BIOFIN has compiled a list of over 150 available online.
