BIOFIN, in close collaboration with the Secretariat of the Convention on Biological Diversity (CBD), launched the CBD-BIOFIN Regional Nodes initiative to enable more countries to access the knowledge and tools generated through national implementation.
The basic approach of the BIOFIN methodology takes shape through building national partnerships on biodiversity finance by cooperating on three assessments that culminate in a Biodiversity Finance Plan. The steps include:
- The Biodiversity Finance Policy and Institutional Review (PIR) looks into the policy and intuitional context for biodiversity finance in the country and establishes which stakeholders to involve.
- The Biodiversity Expenditure Review (BER) analyses of public and private expenditure in the country that benefit biodiversity, establishes past, present and projected expenditures on biodiversity.
- The Financial Needs Assessment (FNA) estimates the financing required to deliver national biodiversity plans, targets and results and then asses the financing gap between this and the projected expenditures.
- The Biodiversity Finance Plan (BFP) prioritises financing solutions that could close the financing gap by optimising current and expanding future investments (public, private, national, international, traditional and innovative) in biodiversity management, and develops the business case for the best options.
These steps and data generated are aligned with the requirements countries need to report on, under the CBD Financial Reporting Framework.
Which countries are eligible to receive support?
Interested developing countries/ countries with economies in transition that are not already implementing the BIOFIN process.
How to participate?
Countries are encouraged to submit their informal expressions of interest for support through their National CBD focal point as indicated by the CBD. Submission can be made at any time to firstname.lastname@example.org with a copy to email@example.com. Please ensure that “CBD-BIOFIN Regional Nodes (and the country name)” is included in the subject line.
Or for more information please contact our Regional Nodes team:
Jessica Alvisier | firstname.lastname@example.org | for Asia-Pacific region.