BIOFIN activities in Georgia

BIOFIN commenced activities in Georgia in 2015.  In general, activities follow as:

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.

To start in 2015

4. Biodiversity Finance Plan

Under this component BIOFIN will develop a strategy to mobilize potential finance actors and mechanisms to reach national biodiversity targets. 

To start in 2015

5. Implementing the Biodiversity Finance Plan

The scope of activities shall be defined by the recommendations of the Resource Mobilisation Strategy.

To start in 2017

Information about the country and partnerships

Country information: 

Georgia is located in the South Caucasus region, bordering the Russian Federation in the north, Republic of Turkey and Armenia to the south, Azerbaijan 

to the east and the Black Sea to the west. Due to its diverse relief and climatic zones, Georgia is rich in biodiversity and hosts a high level of endemism (IUCN, 2012). Based on richness of biodiversity and related threats, 34 biodiversity hotspots have been identified in the world today and, of these, Georgia is part of two.

Due to habitat destruction and extensive, unregulated exploitation, many plant and animal species have become endangered, with 29 mammal, 35 bird, 11 reptile, two amphibian, 14 fish and 56 woody plant species currently included on the national Red List.

Georgia’s 2005 NBSAP recommends “mainstreaming nature’s value in decision making” to ensure that appropriate financial and economic programmes are in place to support effective conservation of biodiversity, and to ensure the delivery of the NBSAP activities.

Tourism related to protected areas has been a steadily growing sector of the Georgian economy. This sector could be used for economic development. Forests cover around 40% of Georgia’s territory and provide habitat for a significant number of fauna and flora species of Georgia. Forests however are under threat from unsustainable logging, overgrazing and land encroachment.

Biodiversity Finance example in Georgia:

Caucasus Nature Fund (CNF): By providing long-term support and management assistance for the protected areas of Armenia, Azerbaijan and Georgia, CNF seeks to conserve the unique flora, fauna and ecosystems of the Caucasus for future generations while at the same time improving the lives of local people today. CNF has a lot of different strategic partners. For Example the Federal German Ministry for Economic Cooperation and Development through the German development bank KFW, has committed €22 million in support of CNF since 2007 and WWF Germany has provided €800,000 since 2007.

For more information:

Related Initiatives

1.       TEEB

2.       UNDP In Georgia

Links to national counterparts: 

Ministry of Finance

Ministry of Environment