Ministers and experts debate better financing for nature at 3rd Global BIOFIN Conference
Ministers and experts debate better financing for nature at 3rd Global BIOFIN Conference
Incentive mechanism that awards biodiversity friendly behavior or decisions a bonus payment and non-friendly a malus payment. Has been applied on private land owners to encourage establishment of spatially adjacent (or for certain species spatially dispersed) protected areas to existing protected areas by awarding the land owner a bonus payment (or to pay a malus) when the conservation is adjacent to existing protected areas. Oregon's Conservation Reserve Enhancement Program (CREP), used malus payments to assist the recovery of salmon and trout species through the creation of riparian buffers along stream habitat.
To influence individual’s behavior in a biodiversity favorable direction using psychology rather than financial incentives. The most cited example of a nudge is the etching of the image of a housefly in the men’s urinals at Amsterdam Shiphol airport. Nudging has been applied in natural parks to reduce that incident of visitors bringing home stones by simply changing the text of the signs. In Finland forest owners' landscape management preferences were nudged to improve social efficiency of PES schemes for biodiversity conservation which increased aggregate service provisioning. Can work as a complement to increase the effect of other solutions such as different forms of protected areas and eco- tourism.
Fees for access to rangelands on public lands including in Protected Areas. Fees and permits are used to regulate usage and avoid overgrazing and rangeland degradation.
Any measure or strategy that can enhance cost-effectiveness/efficiency, synergies and/or favour a more equitable distribution of resources.
Any existing or innovative mechanism that can generate and/or leverage financial resources for biodiversity.
Any solution that involves a fiscal reform, i.e. changes in taxation or the modification of a subsidy's regime.
Any solution that involves a regulatory reform, i.e. the imposition of a certain behaviour through the law or a regulation.
Project Finance for Permanence (PFP) is an innovative approach to permanently and fully funding conservation. The terminology is borrowed from Wall Street, where a single "closing" is negotiated with Government, foundations and private donors to gradually eliminate the gap in protected areas financing. PFPs is a solution for graduating from piecemeal funding initiatives. Successful PFPs were completed in Brazil, Costa Rica and Canada.
Any measure or strategy that can enhance cost-effectiveness/efficiency, synergies and/or favour a more equitable distribution of resources.
Any existing or innovative mechanism that can generate and/or leverage financial resources for biodiversity.
Any measure that can re-orient and realign existing financial flows towards biodiversity conservation.
Any solution that invovles the allocation of a grant. This includes private donations and Official Development Assistance.
Any solution that involves a market transaction, e.g. ecosystem services and carbon markets.
Any solution that involves a regulatory reform, i.e. the imposition of a certain behaviour through the law or a regulation.
Fees charged to developers for complementing the Environmental (and Social) Impact Assessments (EIA) review process by public authorities. Fees are often set at cost recovery rates. The resources are used to staff environmental agencies responsible to review EIA.
Any measure or strategy that can enhance cost-effectiveness/efficiency, synergies and/or favour a more equitable distribution of resources.
Any existing or innovative mechanism that can generate and/or leverage financial resources for biodiversity.
Any solution that involves a fiscal reform, i.e. changes in taxation or the modification of a subsidy's regime.
Any solution that involves a regulatory reform, i.e. the imposition of a certain behaviour through the law or a regulation.
A performance (or contract bond) is a surety bond issued by an insurance or financial company to guarantee satisfactory completion of a project by a contractor. Performance bonds and other financial guarantees can be linked to EIA provisions. These are provided by the project developer -usually for long term mining projects- to assure stakeholders that financial resources can be deployed even if the developer cannot comply with EIA provisions. It is a promise from a surety that monetary compensation will be provided to the owner if the project developer fails to act. The resources from the surety can be quickly deployed to save or recover critical environmental assets and can be accessed even in case of bankruptcy.
Any measure that can prevent or reduce future investment needs by eliminating/amending existing counter-productive policies and expenditures (e.g. taxes on sugar content or tobacco).
Any measure or strategy that can enhance cost-effectiveness/efficiency, synergies and/or favour a more equitable distribution of resources.
Any existing or innovative mechanism that can generate and/or leverage financial resources for biodiversity.
Any solution that invovles an obligation or liability to make a payment and/or the acquisition of ownership rights (equity, property or financial asset).
Any solution that involves a fiscal reform, i.e. changes in taxation or the modification of a subsidy's regime.
Any solution that involves a regulatory reform, i.e. the imposition of a certain behaviour through the law or a regulation.
Any solution that invovles the transfer of risks between two or more parties, e.g. a guarantee.
Environmental (and Social) Impact Assessments (EIA) are conducted to evaluate the environmental and social risks of a development project including mining, hotels, and other large infrastructure projects. A range expenditures and investment to preserve nature are associated with the EIA process including permitting fees, expenditures for the assessment itself, expenditures for implementation of the environmental and social management plans, performance bonds, insurance products, biodiversity offsets etc. Additionnally, penalties may be directly triggered by non-compliance to the EIA and its associated management plans.
Any measure that can prevent or reduce future investment needs by eliminating/amending existing counter-productive policies and expenditures (e.g. taxes on sugar content or tobacco).
Any measure or strategy that can enhance cost-effectiveness/efficiency, synergies and/or favour a more equitable distribution of resources.
Any existing or innovative mechanism that can generate and/or leverage financial resources for biodiversity.
Any solution that involves a regulatory reform, i.e. the imposition of a certain behaviour through the law or a regulation.
Fees charged to developers for complementing the Environmental (and Social) Impact Assessments (EIA) review process by public authorities. Fees are often set at cost recovery rates. The resources are used to staff environmental agencies responsible to review EIA.
Any measure or strategy that can enhance cost-effectiveness/efficiency, synergies and/or favour a more equitable distribution of resources.
Any existing or innovative mechanism that can generate and/or leverage financial resources for biodiversity.
Any solution that involves a fiscal reform, i.e. changes in taxation or the modification of a subsidy's regime.
Any solution that involves a regulatory reform, i.e. the imposition of a certain behaviour through the law or a regulation.
A performance (or contract bond) is a surety bond issued by an insurance or financial company to guarantee satisfactory completion of a project by a contractor. Performance bonds and other financial guarantees can be linked to EIA provisions. These are provided by the project developer -usually for long term mining projects- to assure stakeholders that financial resources can be deployed even if the developer cannot comply with EIA provisions. It is a promise from a surety that monetary compensation will be provided to the owner if the project developer fails to act. The resources from the surety can be quickly deployed to save or recover critical environmental assets and can be accessed even in case of bankruptcy.
Any measure that can prevent or reduce future investment needs by eliminating/amending existing counter-productive policies and expenditures (e.g. taxes on sugar content or tobacco).
Any measure or strategy that can enhance cost-effectiveness/efficiency, synergies and/or favour a more equitable distribution of resources.
Any existing or innovative mechanism that can generate and/or leverage financial resources for biodiversity.
Any solution that invovles an obligation or liability to make a payment and/or the acquisition of ownership rights (equity, property or financial asset).
Any solution that involves a fiscal reform, i.e. changes in taxation or the modification of a subsidy's regime.
Any solution that involves a regulatory reform, i.e. the imposition of a certain behaviour through the law or a regulation.
Any solution that invovles the transfer of risks between two or more parties, e.g. a guarantee.
Water markets create the possibility of buying and selling water access and use water resources. Trading of water rights can promote a more efficient allocation of water rights among users and increase water availability in areas of increasing water scarcity and demand For example, water markets have been used to enhance available habitat for endangered salmon species in northwestern North America.
Any measure or strategy that can enhance cost-effectiveness/efficiency, synergies and/or favour a more equitable distribution of resources.
Any existing or innovative mechanism that can generate and/or leverage financial resources for biodiversity.
Any solution that involves a market transaction, e.g. ecosystem services and carbon markets.
Any solution that involves a regulatory reform, i.e. the imposition of a certain behaviour through the law or a regulation.
Business incubators are institutions that provide technical or financial services to strengthen startups and early stage enterprises. Incubators can support companies with an explicit commitment to biodiversity by hosting them in their premises and facilitating matching capital from angel investors, state governments, economic-development coalitions and other investors.
Any measure or strategy that can enhance cost-effectiveness/efficiency, synergies and/or favour a more equitable distribution of resources.
Any existing or innovative mechanism that can generate and/or leverage financial resources for biodiversity.
Any solution that invovles an obligation or liability to make a payment and/or the acquisition of ownership rights (equity, property or financial asset).
Any solution that invovles the allocation of a grant. This includes private donations and Official Development Assistance.
Any solution that involves a market transaction, e.g. ecosystem services and carbon markets.