BIOFIN activities in Brazil
Brazil is one of the latest countries to join BIOFIN. In general, activities follow the 4 components of BIOFIN:
1. Biodiversity Finance Policy and Institutional Review (PIR)
Through this process, the national BIOFIN Team maps the impact of economic sectors on biodiversity, identifies the main financing mechanisms being used and reviews which subsidies have an impact on biodiversity. The PIR also reviews the overall financing architecture for biodiversity in the country and generates specific recommendations for an improved institutional framework.
2. Biodiversity Expenditure Review
Through the Biodiversity Expenditure Review, the national BIOFIN team assesses which expenditures national stakeholders incur towards biodiversity, from both national and international resources, including the public and private sector. This helps the country generate national level expenditure data on biodiversity.
3. Biodiversity Finance Needs Assessment
Detailed calculations will be made to find out how much it would cost to complete all activities and reach all goals of the National Biodiversity Action Plan. Based on this, the national finance gap for biodiversity will be calculated
4. Biodiversity Finance Plan
Under this component BIOFIN will develop a strategy to mobilize potential finance actors and mechanisms to reach national biodiversity targets.
5. Implementing The Biodiversity Finance Plan
The scope of activities shall be defined by the recommendations of the Resource Mobilisation Strategy.
Information about the country and partnerships
Brazil is the most biologically diverse country in the world. It is classified at the top among the world’s 17 mega diverse countries, and second only to Indonesia in terms of species endemism. It contains two biodiversity hotspots (the Atlantic Forest and the Cerrado), six terrestrial biomes and three large marine ecosystems. At least 103,870 animal species and 43,020 plant species are currently known, comprising 70% of the world’s catalogued animal and plant species. It is estimated that Brazil hosts between 15-20% of the world’s biological diversity, with the greatest number of endemic species on a global scale. Brazil’s biodiversity is ever-expanding, with an average of 700 new animal species discovered each year.
Brazil harbors the largest continuous stretch of mangroves in the world (1.3 million hectares) and the only reef environments of the South Atlantic, distributed along 3,000 km of the north-eastern coast.
The main threats to biodiversity are: fragmentation and loss of habitats, introduction of alien species and exotic illnesses, overexploitation of plants and animals, use of hybrids and monoculture in agro-industry and reforestation programs, pollution and climate change.
- UNDP Brazil
- FUNBIO: The Brazilian Biodiversity Fund Project. Its objective is to provide long-term and sustainable support for conservation and sustainable use of biological diversity in Brazil, supporting and promoting partnership among government, non-profit organizations, academic institutions, and the private business sector.