Finance Solutions

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
Biodiversity is under acute threat in Mongolia, a country with vast landscapes and diverse ecosystems harboring unique flora and fauna.
Biodiversity is under acute threat in Mongolia, a country with vast landscapes and diverse ecosystems harboring unique flora and fauna.
The improved implementation of the Mongolian law on natural resources use payment has tripled the country's environmental expenditure
The UNDP Biodiversity Finance Initiative (BIOFIN) has supported Mongolia in improving the effectiveness of a law on natural resource user fees. This led to an increase in the budget for environmental protection including biodiversity conservation. In 2023, revenues from the Natural Resource Use Paym...Read more
forests in Cuba
forests in Cuba
Innovative financial solution promotes carbon removal in Cuban forests
The approval of the Payment for Environmental Services (PES) for the removal of sustainable forest carbon sets a precedent for Cuba's participation in the carbon bond market, a financing mechanism used in various countries to support environmental policies. As a further step towards protecting Cuba'...Read more
Project Planning Meeting between UNDP/BIOFIN Zambia & the Bank of Zambia (BoZ)
Project Planning Meeting between UNDP/BIOFIN Zambia & the Bank of Zambia (BoZ)
Zambia's Central Bank secures funding from the NDC Partnership with support from UNDP Zambia Country Office and BIOFIN Zambia
Earlier in 2023, the Bank of Zambia (BOZ), with technical assistance from Biodiversity Finance Initiative (BIOFIN) and the United Nations Development Programme (UNDP) Zambia Country Office undertook proactive measures to jointly develop a concept note for submission to the NDC Partnership Action Fun...Read more