Recently, the world has raised USD 45 billion per year from the private sector, while 73 public and partially public climate funds are in place. However, these efforts are insufficient, and countries are off-track in their progress toward the Sustainable Development Goals (SDGs) by 2030. We need muc...Read more
Biodiversity Finance
EU announces €12 million support for global biodiversity conservation efforts led by UNDP’s Biodiversity Finance Initiative
Cali – The European Union (EU) announced a €12 million contribution to support countries to achieve national and global biodiversity targets under the United Nations Development Programme’s Biodiversity Finance Initiative. The EU funding will support the involvement of Indigenous Peoples and Local C...Read more
A COP16 side event focused on nature-based financial disclosures
22 October 2024, Cali, Colombia – The closed government briefing “Moving to Action on Target 15: Leveraging the Recommendations of the TNFD",” organized by the Taskforce on Nature-related Financial Disclosures (TNFD) in partnership with UNDP and UNEP at Biodiversity COP16, brought together key stake...Read more
UNDP Costa Rica/Priscilla Mora
BIOFIN methodology has seen over $1Bn catalyzed so far across 40 countries in finance solutions that span solutions from crowdfunding to green bonds. 22 October 2024, Cali, Colombia - Countries aiming to strengthen protections for biodiversity should identify and phase out subsidies that are harmful...Read more
Photo: UNDP BIOFIN launches 2024 Workbook at the sidelines of COP16
On the first day of the UN Biodiversity Conference COP16, the UNDP Biodiversity Finance Initiative (UNDP BIOFIN), in collaboration with the Global Environment Facility and the CBD Secretariat, held a session titled “Unlocking Finance for GBF Implementation in 134 Countries”. The event served as a pl...Read more