Antananarivo, 24 July 2024 - Madagascar, with its unique biodiversity representing around 5% of the world's biodiversity, has taken a crucial step towards the sustainable management of its natural resources. On 24 July 2024, in Antananarivo, a workshop was held to launch the "Assessment of Madagasca...Read more
Biodiversity Finance
EAPAC Regional Dialogue in Georgia
This year’s BIOFIN regional dialogue for Europe, Asia and the Pacific (EAPAC) was an inspired three days of exchanges on sustainable finance for biodiversity, with teams reporting breakthroughs in public funding for protected areas, and new financing streams such as fintech and gaming solutions gain...Read more
10th EAPAC Regional Dialogue in Georgia, 11-13 June 2024
Financing biodiversity is crucial for environmental sustainability, human well-being and achieving global development goals. However, there is a significant funding gap for biodiversity, amounting to over US$ 820 billion. Around US$ 950 billion is needed annually to restore and protect ecosystems, b...Read more
Photo credit: Dikaseva
Prepared by Bayuni Shantiko, Programme Manager, BIOFIN Indonesia and Sopian Hidayat, Analyst/Economist, BIOFIN Indonesia Since biodiversity - unlike agriculture or fisheries - is not an economic sector, the only way to track spending on national targets is to identify which major expenditures have a...Read more
Photo: UNDP Kazakhstan. East Kazakhstan region, Belukha Mountain range.
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