Finance Solutions

Second Innovation Challenge in Colombia: Biodiversity and Insurance
Second Innovation Challenge in Colombia: Biodiversity and Insurance
Second Innovation Challenge in Colombia: Biodiversity and Insurance
Investments in biodiversity aim to protect and restore nature through various strategies and projects. However, these investments face risks that can impact their success or deter potential investors. To address this, tools are needed to manage risks and mitigate losses in the event of adverse outco...Read more
Photo credit: Department of Wildlife and National Parks of Botswana
Photo credit: Department of Wildlife and National Parks of Botswana
Botswana’s new protected area fees generate US$ 7.8 million, more than projected
Botswana's updated fees for protected areas have generated US$7.8 million in the first year, significantly exceeding the original forecast of US$1.8 million. The new fee system, introduced in April 2022, was developed in collaboration between the Government of Botswana and BIOFIN. With over 40% of B...Read more
Photo: UNDP Kazakhstan. East Kazakhstan region, Belukha Mountain range.
Photo: UNDP Kazakhstan. East Kazakhstan region, Belukha Mountain range.
Kazakhstan Triples Protected Area Budget, Advancing Biodiversity Goals
When the BIOFIN process began in Kazakhstan about ten years ago, it was realized that funding for protected areas was limited. The government wanted to change this with the support of UNDP-BIOFIN. Initially, a clause was included in the 2017 law on protected areas. This clause states that the manage...Read more