Conservation Finance

Seychelles

2 Aug 2023

Seychelles introduced a tourism environmental sustainability levy introduced in August 2023

Tourism is one of the main pillars of the Seychelles economy, accounting directly and indirectly for 13% of the GDP in 2022(central bank of Seychelles ,2022). The total number of visitors who disembarked in Seychelles in 2022 amounted to 332,068, with an average length of stay of 9.9 days. Seychelle...Read more

Picture coral

30 May 2023

Breaking Ground: Tanzania Launches Plan to Boost Biodiversity Financing and Implement Global Framework

Zanzibar is a gem in the Indian Ocean, known for its stunning marine, coastal, mangrove, and terrestrial ecosystems. With a rich and varied biodiversity, it is a haven for various socio-economic activities that rely on the natural resources of the region, such as fisheries, seaweed farming, and tour...Read more

Developing environmental fundraising solutions. BIOFIN Regional Dialogue delegates from all over the globe gather at the grounds of the Table Bay Hotel in Cape Town held in South Africa.

11 May 2023

5th Global Biodiversity Finance Conference in Cape Town Highlights New Opportunities to Finance Conservation

Planet Earth needs approximately USD950 billion per year to restore and protect its imperiled ecosystems necessary to people’s livelihoods, according to a 2020 study by the Nature Conservancy, Paulson Institute and Cornell University. However, only USD121 billion is spent on average per year to cons...Read more

Babagon Catchment in Sabah. Credit GEF SGP

17 Apr 2023

Malaysia Advances Ecological Fiscal Transfer for biodiversity conservation

By Ainur Shalakhanova, Pek Chuan Gan, Onno van den Heuvel, Abbie Trinidad Conservation areas have many benefits for people that go beyond a local area. The cost associated with conservation measures are largely incurred at local level. Ecological fiscal transfers (EFT) help balance this out. It is a...Read more

H.E. Ambassador of the Kingdom of Belgium, Mr. Deputy Resident Representative of UNDP and Mr. Secretary General of the Ministry of Planning, announce the launch of BIOFIN Niger, 22/03/2023, UNDP photo

22 Mar 2023

Official launch of the BIOFIN initiative in Niger

Official launch this Wednesday (22/03/2023) in Niamey of the Biodiversity Finance Initiative in Niger (UNDP-BIOFIN). BIOFIN aims to support countries in developing and implementing a biodiversity finance plan for a sustainable future. While the economic value of natural assets represents nearly US$2...Read more