The approval of the Payment for Environmental Services (PES) for the removal of sustainable forest carbon sets a precedent for Cuba's participation in the carbon bond market, a financing mechanism used in various countries to support environmental policies. As a further step towards protecting Cuba'...Read more
Finance Solutions
Project Planning Meeting between UNDP/BIOFIN Zambia & the Bank of Zambia (BoZ)
Earlier in 2023, the Bank of Zambia (BOZ), with technical assistance from Biodiversity Finance Initiative (BIOFIN) and the United Nations Development Programme (UNDP) Zambia Country Office undertook proactive measures to jointly develop a concept note for submission to the NDC Partnership Action Fun...Read more
The new guidelines for forest management will help close the investment gap in Nepal
To promote sustainable forest management, the "Biodiversity Friendly Community Forestry Operational Plan Preparation Guidelines" were validated by stakeholders in Sudurpaschim Province, Nepal. This initiative aims to close the significant funding gap in the implementation of the Nepal Biodiversity S...Read more
Photo by Tulkin Radjabov
“Combined with the carbon credits the biodiversity credits mechanism can offer an effective win-win solution for socio-economic and environmental development” by Tulkin Radjabov, National Coordinator of the UNDP BIOFIN Project in Uzbekistan Tashkent, July 11, 2023. The adoption of the Kunming-Montre...Read more
On May 15, 2024, in a workshop with all Marine Protected Areas (MPA) partners in Viet Nam, UNDP presented key insights into BIOFIN’s methodologies and solutions. The presentation emphasized innovative financing mechanisms that have been successfully implemented worldwide under BIOFIN to support biod...Read more