BIOFIN activities in Mongolia
BIOFIN commenced activities in Mongolia in 2015. 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.
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
Mongolia occupies an ecological transition zone in Central Asia where the Siberian taiga forest, Central Asian steppe, Altai Mountains and Gobi Desert meet. Mongolia’s taiga, steppe and desert ecosystems have been less affected by human activity than is the case in neighbouring countries.
There are over 5,682 plant species, 472 bird species and 13 000 species of insects recorded in Mongolia. Thirty-two species (23.3%) of Mongolian fauna are protected as rare species in the Mongolian Red Book and the Mongolian Law on Fauna.
The major threats facing biological diversity include climate change, water shortage, land use changes and the development of desertification processes. For example, a 2007 water census recorded that 372 rivers and streams and 1,158 springs have dried up in the last 40 years.
Example of Biodiversity Finance in Mongolia:
GIZ has been represented in Mongolia since 1991 and established its own office in Ulan Bator in 1998. Currently over 100 staff members are working in Mongolia. The GIZ is working in the following priority areas: support for sustainable mineral resource management, biodiversity, energy efficiency. One biodiversity finance example would be the project "Biodiversity and adaptation of key forest ecosystems to climate change".
For more information : GIZ