When the BIOFIN process began in Kazakhstan about ten years ago, it was realized that funding for protected areas was limited. The government wanted to change this with the support of UNDP-BIOFIN. Initially, a clause was included in the 2017 law on protected areas. This clause states that the manage...Read more
Biodiversity Finance
The UNDP Biodiversity Finance Initiative (BIOFIN) has supported Mongolia in improving the effectiveness of a law on natural resource user fees. This led to an increase in the budget for environmental protection including biodiversity conservation. In 2023, revenues from the Natural Resource Use Paym...Read more
Niran Nirannoot, BIOFIN Manager, Thailand, and Annabelle Trinidad, Senior Technical Advisor of Global BIOFIN BIOFIN Thailand organized the Global Biodiversity Expenditure Taxonomy workshop on 14 May 2024 in Bangkok, Thailand. The aim was to gather insights from experts on biodiversity attribution ra...Read more
3 April 2024 – Blantyre: Planet Earth requires approximately U S$ 950 billion annually for the restoration and protection of its imperiled ecosystems, vital for sustaining livelihoods. Yet, only an average of US $ 121 billion is allocated each year for biodiversity conservation. Closing this financi...Read more
Bayuni Shantiko [1] and Sopian Hidayat [2] Indonesia’s work on ecological fiscal transfer (EFT) has advanced with the approval of Governor Regulation No. 61/2023, providing guidelines on financial assistance to municipal governments. This regulation was approved by the Central Java governor in Decem...Read more