BIOFIN activities in Thailand
Activities of BIOFIN in Thailand started in 2014. The host organisation is the National Economics and Social Development Board, operating under the Office of the Prime Minister. The Steering Committee was established in November 2014, also including the Bureau of Budget, the Department of National Parks, Plants and Wildlife Conservation and the Department of Agriculture. Details Progress is as follows:
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. Work started early 2015.
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. Expected to start in 2016.
4. Biodiversity Finance Plan
Under this component BIOFIN will help develop a strategy to mobilize potential finance actors and mechanisms to reach national biodiversity targets. To start late 2016/early 2017.
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
Thailand is very rich in biodiversity, with estimates showing between 6-10% of all known species living in the country. In particular in the last 60 years economic and infrastructural developments have put pressure on biodiversity and ecosystems, as the forest coverage decreased from 53 to 32%. At the same time the countries' landscapes and nature started to attract millions of tourists. To safeguard the nation's biodiversity, the protected area system was expanded significantly, now covering one fifth of the country.