BIOFIN activities in Philippines
Philippines is one of the leading BIOFIN countries. BIOFIN is leading and implementing the project along with The Biodiversity Management Bureau of the Department of Environment and Natural Resources (BMB-DENR). The Philippines Biodiversity Strategy and Action Plan (PBSAP) costing report has been completed. A meeting is being planned to present the results of Biodiversity Expenditure Review to the government counterparts. Private sector is actively being engaged in the process. Philippines Business for Environment, a non-profit organization, was sought to have data for the private sector.
The Philippines team conducted a workshop, which was attended by more than 150 participants representing government, civil society, academia, private sector and media. The aim of the workshop was the development of Biodiversity Finance Plan. Number of stakeholders showed keen interest in the PBSAP implementation, including private sector.
BIOFIN team in Philippines is looking at PBSAP actions and prioritizing them with regards to funding. The BIOFIN expert is looking at current policies in Philippines and finding opportunities for biodiversity finance within them. Philippines is one of the several countries chosen for Duetsche Welle documentary on BIOFIN activities.
The BIOFIN process in the Philippines is centered around a number of assessments following the BIOFIN workbook:
1. Biodiversity Finance Policy and Institutional Review (PIR)
Policy and Institutional Review has been completed. The work produced by Philippines has been exemplary for other countries. Through this process, the national BIOFIN Team mapped the impact of economic sectors on biodiversity, identified the main financing mechanisms being used and reviewed which subsidies have an impact on biodiversity. The PIR also reviewed the overall financing architecture for biodiversity in the country.
The team came up with useful recommendations during their review. They pointed the need to shorten the procedures for protected area gazetting, inadequate policies for the zoning of industrial areas. They also highlighted the lack of incentives to deduce the industrial waste.
2. Biodiversity Expenditure Review
Biodiversity Expenditure Review is nearly completed as well. Through the Biodiversity Expenditure Review, the national BIOFIN team assessed which expenditures national stakeholders incur towards biodiversity, from both national and international resources, including the public and private sector. This has helped the country to generate national level expenditure data on biodiversity. Private sector is already engaged in the process. The review pointed out the finance gap that exists between the needs and expenditure.
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 finance 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 Mobilization Strategy.
Status: To start in 2016.
Information about the country and partnerships
The Philippines is designated to be one of the world's 18 mega-diverse countries. No less than 60% of all known species reside on its 7000 islands, of which many being endemic, inlcuding its national symbol, the Philippine Eagle with a population below 500. Around 13% of all land is covered by protected areas.