Islamic finance

Islamic finance is a unique form of socially responsible investment that abides with the Shari’ah Islamic law, principles and rules. Shari’ah does not permit receipt and payment of "riba" (interest), "gharar" (excessive uncertainty), "maysir" (gambling), short sales or financing activities that it considers harmful to society. Instead, the parties must share the risks and rewards of a business transaction. Islamic finance and particularly green Sukuk are emerging as alternative green finance products.

Result

Generate

Any existing or innovative mechanism that can generate and/or leverage financial resources for biodiversity.

Generate

Type

Market

Any solution that involves a market transaction, e.g. ecosystem services and carbon markets.

Market

Regulatory

Any solution that involves a regulatory reform, i.e. the imposition of a certain behaviour through the law or a regulation.

Regulatory

Public/Private
Public

Public

Private

Private

Sector

Agriculture

Agriculture

Energy

Energy

Finance

Finance

Fishing

Fishing

Forests

Forests

Infrastructure

Infrastructure

Manufacturing

Manufacturing

Mining

Mining

Other

Other

Protected Areas

Protected Areas

Tourism

Tourism

Trade

Trade

Transport

Transport

Water

Water

Conservation extension services

Government or civil society extension services decrease the costs of improved management of marine and land resources for private individuals and groups. Extension services - especially in rural remote areas - have been decreased substantially in many countries and replaced with sales and marketing services for products harmful to the environment such as engineered seeds, fertilizers and pesticides - ultimately generating higher costs to government for environmental and health issues.

Result

Avoid

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).

Avoid

Deliver

Any measure or strategy that can enhance cost-effectiveness/efficiency, synergies and/or favour a more equitable distribution of resources.

Deliver

Realign

Any measure that can re-orient and realign existing financial flows towards biodiversity conservation. 

Realign

Type

Grant

Any solution that invovles the allocation of a grant. This includes private donations and Official Development Assistance.

Grant

Public/Private
Public

Public

Private

Private

Sector

Agriculture

Agriculture

Fishing

Fishing

Forests

Forests

Protected Areas

Protected Areas

Tourism

Tourism

Water

Water

Conservation services for private land owners

Government supports conservation and restoration actions on private lands that decrease the costs of land management for private and communal land owners. This creates an incentive for land owners to pursue conservation actions through cost reduction and public private partnerships with government. An example is the Natural Resources programme in South Africa where support is provided for the removal of invasive alien species and land restoration.

Result

Avoid

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).

Avoid

Deliver

Any measure or strategy that can enhance cost-effectiveness/efficiency, synergies and/or favour a more equitable distribution of resources.

Deliver

Realign

Any measure that can re-orient and realign existing financial flows towards biodiversity conservation. 

Realign

Type

Grant

Any solution that invovles the allocation of a grant. This includes private donations and Official Development Assistance.

Grant

Public/Private
Public

Public

Private

Private

Sector

Agriculture

Agriculture

Forests

Forests

Other

Other

Protected Areas

Protected Areas

Tourism

Tourism

Water

Water

Conservation tax credits

Tax credits can be offered to land owners in exchange for conservation and restoration activities on private land that contributes to established conservation objectives. Systems can be established at a national or local level. Tax credits may be transferable to other entities and thus hold a higher value for land owners lacking large tax liabilities.

Result

Avoid

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).

Avoid

Deliver

Any measure or strategy that can enhance cost-effectiveness/efficiency, synergies and/or favour a more equitable distribution of resources.

Deliver

Realign

Any measure that can re-orient and realign existing financial flows towards biodiversity conservation. 

Realign

Type

Fiscal

Any solution that involves a fiscal reform, i.e. changes in taxation or the modification of a subsidy's regime.

Fiscal

Regulatory

Any solution that involves a regulatory reform, i.e. the imposition of a certain behaviour through the law or a regulation.

Regulatory

Risk

Any solution that invovles the transfer of risks between two or more parties, e.g. a guarantee.

Risk

Public/Private
Public

Public

Private

Private

Sector

Agriculture

Agriculture

Finance

Finance

Forests

Forests

Protected Areas

Protected Areas

Tourism

Tourism

Trade

Trade

Water

Water

Enhanced land or marine stewardship

An informal or formal commitment by a community, private landowner, NGO or corporate landowner to sustainable manage and/or formally protect a specified land or marine area. Incentives are sometimes provided to encourage or support landowner participation.

Result

Avoid

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).

Avoid

Deliver

Any measure or strategy that can enhance cost-effectiveness/efficiency, synergies and/or favour a more equitable distribution of resources.

Deliver

Type

Fiscal

Any solution that involves a fiscal reform, i.e. changes in taxation or the modification of a subsidy's regime.

Fiscal

Market

Any solution that involves a market transaction, e.g. ecosystem services and carbon markets.

Market

Regulatory

Any solution that involves a regulatory reform, i.e. the imposition of a certain behaviour through the law or a regulation.

Regulatory

Public/Private
Public

Public

Private

Private

Sector

Agriculture

Agriculture

Finance

Finance

Forests

Forests

Mining

Mining

Other

Other

Protected Areas

Protected Areas

Tourism

Tourism

Water

Water

Conservation extension services

Government or civil society extension services decrease the costs of improved management of marine and land resources for private individuals and groups. Extension services - especially in rural remote areas - have been decreased substantially in many countries and replaced with sales and marketing services for products harmful to the environment such as engineered seeds, fertilizers and pesticides - ultimately generating higher costs to government for environmental and health issues.

Result

Avoid

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).

Avoid

Deliver

Any measure or strategy that can enhance cost-effectiveness/efficiency, synergies and/or favour a more equitable distribution of resources.

Deliver

Realign

Any measure that can re-orient and realign existing financial flows towards biodiversity conservation. 

Realign

Type

Grant

Any solution that invovles the allocation of a grant. This includes private donations and Official Development Assistance.

Grant

Public/Private
Public

Public

Private

Private

Sector

Agriculture

Agriculture

Fishing

Fishing

Forests

Forests

Protected Areas

Protected Areas

Tourism

Tourism

Water

Water

Conservation services for private land owners

Government supports conservation and restoration actions on private lands that decrease the costs of land management for private and communal land owners. This creates an incentive for land owners to pursue conservation actions through cost reduction and public private partnerships with government. An example is the Natural Resources programme in South Africa where support is provided for the removal of invasive alien species and land restoration.

Result

Avoid

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).

Avoid

Deliver

Any measure or strategy that can enhance cost-effectiveness/efficiency, synergies and/or favour a more equitable distribution of resources.

Deliver

Realign

Any measure that can re-orient and realign existing financial flows towards biodiversity conservation. 

Realign

Type

Grant

Any solution that invovles the allocation of a grant. This includes private donations and Official Development Assistance.

Grant

Public/Private
Public

Public

Private

Private

Sector

Agriculture

Agriculture

Forests

Forests

Other

Other

Protected Areas

Protected Areas

Tourism

Tourism

Water

Water

Conservation tax credits

Tax credits can be offered to land owners in exchange for conservation and restoration activities on private land that contributes to established conservation objectives. Systems can be established at a national or local level. Tax credits may be transferable to other entities and thus hold a higher value for land owners lacking large tax liabilities.

Result

Avoid

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).

Avoid

Deliver

Any measure or strategy that can enhance cost-effectiveness/efficiency, synergies and/or favour a more equitable distribution of resources.

Deliver

Realign

Any measure that can re-orient and realign existing financial flows towards biodiversity conservation. 

Realign

Type

Fiscal

Any solution that involves a fiscal reform, i.e. changes in taxation or the modification of a subsidy's regime.

Fiscal

Regulatory

Any solution that involves a regulatory reform, i.e. the imposition of a certain behaviour through the law or a regulation.

Regulatory

Risk

Any solution that invovles the transfer of risks between two or more parties, e.g. a guarantee.

Risk

Public/Private
Public

Public

Private

Private

Sector

Agriculture

Agriculture

Finance

Finance

Forests

Forests

Protected Areas

Protected Areas

Tourism

Tourism

Trade

Trade

Water

Water

Conservation incentives

Direct or indirect public transfer or other incentive to businesses for advancing conservation outcomes, e.g. investing in technology upgrades that consume less natural capital such as land or water.

Result

Avoid

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).

Avoid

Deliver

Any measure or strategy that can enhance cost-effectiveness/efficiency, synergies and/or favour a more equitable distribution of resources.

Deliver

Realign

Any measure that can re-orient and realign existing financial flows towards biodiversity conservation. 

Realign

Type

Fiscal

Any solution that involves a fiscal reform, i.e. changes in taxation or the modification of a subsidy's regime.

Fiscal

Market

Any solution that involves a market transaction, e.g. ecosystem services and carbon markets.

Market

Regulatory

Any solution that involves a regulatory reform, i.e. the imposition of a certain behaviour through the law or a regulation.

Regulatory

Public/Private
Public

Public

Sector

Agriculture

Agriculture

Fishing

Fishing

Forests

Forests

Incentives for sustainable business

Direct or indirect public transfer or other incentive to business for the adoption of sustainable business practices that help to improve biodiversity management. Explicit subsidies, financed either on-budget or off-budget (e.g. through a State Owned Enterprises), comprise monetary transfer -including income support (producer); market price support (consumer and producer); export subsidies (producer); public procurement above the market price; foregone taxation including reduced taxation, tax breaks, tax rebates, accelerated depreciation of assets; in-kind provision of inputs and services, including extension services; in-kind provision of infrastructure; provision of capital at concessional rates.

Result

Avoid

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).

Avoid

Deliver

Any measure or strategy that can enhance cost-effectiveness/efficiency, synergies and/or favour a more equitable distribution of resources.

Deliver

Generate

Any existing or innovative mechanism that can generate and/or leverage financial resources for biodiversity.

Generate

Realign

Any measure that can re-orient and realign existing financial flows towards biodiversity conservation. 

Realign

Type

Fiscal

Any solution that involves a fiscal reform, i.e. changes in taxation or the modification of a subsidy's regime.

Fiscal

Market

Any solution that involves a market transaction, e.g. ecosystem services and carbon markets.

Market

Regulatory

Any solution that involves a regulatory reform, i.e. the imposition of a certain behaviour through the law or a regulation.

Regulatory

Public/Private
Public

Public

Sector

Agriculture

Agriculture

Energy

Energy

Finance

Finance

Fishing

Fishing

Forests

Forests

Infrastructure

Infrastructure

Manufacturing

Manufacturing

Mining

Mining

Other

Other

Tourism

Tourism

Trade

Trade

Transport

Transport

Water

Water

Conservation incentives

Direct or indirect public transfer or other incentive to businesses for advancing conservation outcomes, e.g. investing in technology upgrades that consume less natural capital such as land or water.

Result

Avoid

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).

Avoid

Deliver

Any measure or strategy that can enhance cost-effectiveness/efficiency, synergies and/or favour a more equitable distribution of resources.

Deliver

Realign

Any measure that can re-orient and realign existing financial flows towards biodiversity conservation. 

Realign

Type

Fiscal

Any solution that involves a fiscal reform, i.e. changes in taxation or the modification of a subsidy's regime.

Fiscal

Market

Any solution that involves a market transaction, e.g. ecosystem services and carbon markets.

Market

Regulatory

Any solution that involves a regulatory reform, i.e. the imposition of a certain behaviour through the law or a regulation.

Regulatory

Public/Private
Public

Public

Sector

Agriculture

Agriculture

Fishing

Fishing

Forests

Forests

Enhance local budget execution

Local revenues, budgeting and spending impact biodiversity through managing land use, natural resource exploitation, local protected areas, and financing biodiviversity supportive programmes and projects. Guidelines for increasing effectiveness and biodiversity impact of local budgets can enhance impact and direct funds to biodiversity.

 

Result

Avoid

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).

Avoid

Deliver

Any measure or strategy that can enhance cost-effectiveness/efficiency, synergies and/or favour a more equitable distribution of resources.

Deliver

Realign

Any measure that can re-orient and realign existing financial flows towards biodiversity conservation. 

Realign

Type

Fiscal

Any solution that involves a fiscal reform, i.e. changes in taxation or the modification of a subsidy's regime.

Fiscal

Public/Private
Public

Public

Sector

Agriculture

Agriculture

Energy

Energy

Fishing

Fishing

Forests

Forests

Mining

Mining

Other

Other

Protected Areas

Protected Areas

Transport

Transport

Water

Water

Remove barriers for public budget execution-external

External barriers for timely budget execution are often related to relationships among the treasury and the spending agencies. They may refer to the timing and amount of transfers as well to the clarification and strengthening of management responsibilities. While not specific to biodiversity, these measures can and should be considered by conservation organizations.

Result

Deliver

Any measure or strategy that can enhance cost-effectiveness/efficiency, synergies and/or favour a more equitable distribution of resources.

Deliver

Type

Fiscal

Any solution that involves a fiscal reform, i.e. changes in taxation or the modification of a subsidy's regime.

Fiscal

Grant

Any solution that invovles the allocation of a grant. This includes private donations and Official Development Assistance.

Grant

Regulatory

Any solution that involves a regulatory reform, i.e. the imposition of a certain behaviour through the law or a regulation.

Regulatory

Public/Private
Public

Public

Sector

Agriculture

Agriculture

Energy

Energy

Finance

Finance

Fishing

Fishing

Forests

Forests

Infrastructure

Infrastructure

Manufacturing

Manufacturing

Mining

Mining

Other

Other

Protected Areas

Protected Areas

Tourism

Tourism

Trade

Trade

Transport

Transport

Water

Water

Remove barriers for public budget execution-internal

Internal barriers for timely and effective budget execution are often related to financial planning capacity gaps, weak accounting systems, systemic corruption practices, and the absense or poor design or individual performance and incentive systems. These barriers can be addressed through organizational capacity development (people and systems). While not specific to biodiversity, these measures can and should be considered by conservation organizations.

Result

Deliver

Any measure or strategy that can enhance cost-effectiveness/efficiency, synergies and/or favour a more equitable distribution of resources.

Deliver

Type

Fiscal

Any solution that involves a fiscal reform, i.e. changes in taxation or the modification of a subsidy's regime.

Fiscal

Grant

Any solution that invovles the allocation of a grant. This includes private donations and Official Development Assistance.

Grant

Regulatory

Any solution that involves a regulatory reform, i.e. the imposition of a certain behaviour through the law or a regulation.

Regulatory

Public/Private
Public

Public

Sector

Agriculture

Agriculture

Energy

Energy

Finance

Finance

Fishing

Fishing

Forests

Forests

Infrastructure

Infrastructure

Manufacturing

Manufacturing

Mining

Mining

Other

Other

Protected Areas

Protected Areas

Tourism

Tourism

Trade

Trade

Transport

Transport

Water

Water

Countries:

Chile