Draft:Biodiversity Finance Initiative
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BIOFIN (Biodiversity Finance Initiative) is a global program launched in 2012 by the United Nations Development Programme (UNDP).[1] to address the Biodiversity Finance Gap[2]. Its primary goal is to support countries in achieving their national biodiversity conservation targets. It does so by mobilizing new financial resources, optimizing the use of existing funds, and redirecting resources from activities that harm biodiversity toward nature-positive initiatives[3]. BIOFIN works in collaboration with governments, the private and financial sectors, civil society, and vulnerable communities to drive investments in nature and promote sustainable development[4].
The initiative supports the development of National Biodiversity Finance Plans in 133 countries[5]. These plans, informed by detailed assessments, include 10 to 15 prioritized finance solutions tailored to each country’s needs, selected from a comprehensive list of over 150 identified options[6]. These solutions aim to secure and enhance the country’s biodiversity financing[7]. The broader set of 150 finance solutions is compiled in the BIOFIN Catalogue of Finance Solutions, an online repository that provides a detailed list of tools, instruments, and strategies applicable to biodiversity finance[8]
BIOFIN operates within UNDP’s Nature Hub, a division of the Bureau for Policy and Programme Support (BPPS)[9]. It is one of the flagship initiatives under UNDP’s "Nature Pledge: For People, For Planet", a global commitment to integrate nature into development efforts[10]. This pledge aims to secure a sustainable, equitable, and inclusive future by driving a green transition that benefits both people and the planet.
References
[edit]- ^ "Ten years of designing and implementing biodiversity finance plans". international-climate-initiative.com. Retrieved 2025-04-27.
- ^ "Why the $700 billion funding gap for biodiversity is dangerous nonsense: Implications for the oceans and small-scale fisheries". Coalition for Fair Fisheries Arrangements. 2024-10-24. Retrieved 2025-04-27.
- ^ Sharma, Himanshu (2017-04-28). "Quick Guide to Resource Mobilisation (BIOFIN Initiative)". Green Fiscal Policy Network. Retrieved 2025-04-27.
- ^ "BIOFIN – Learning for Nature". learningfornature.org. Retrieved 2025-04-27.
- ^ Unit, Biosafety (2024-02-28). "T19: Financial resources". cbd.int. Retrieved 2025-04-27.
- ^ Nivedita, Krishnamurthy (2022-06-05). "Exploring the BIOFIN Approach for Mainstreaming Biodiversity Conservation in Select Government Schemes". SSRN 4306534.
- ^ Canada, Global Affairs (2017-01-21). "Project profile — The Biodiversity Finance Initiative (BIOFIN) - Program 2023 to 2026 — Project Browser". w05.international.gc.ca. Retrieved 2025-04-27.
- ^ "Biodiversity Finance Initiative (BIOFIN II)". IKI Colombia. Retrieved 2025-04-27.
- ^ "Our flagship initiatives". UNDP. Retrieved 2025-04-27.
- ^ "Nature Pledge". UNDP. Retrieved 2025-04-27.
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