The Biodiversity Finance Initiative (BIOFIN) is a global platform seeking to improve the management of nature and nature’s services through an enhanced understanding and use of finance solutions. UNDP manages the platform. BIOFIN offers a comprehensive and stepwise methodology for countries to break from the historical pattern of ecosystem loss and degradation.
This chapter presents the BIOFIN methodological approach. Chapter 1 described the current global biodiversity finance landscape. Chapter 2 outlines BIOFIN’s response. It clarifies how the BIOFIN assessments (Chapters 3-5), the Biodiversity Finance Plan (Chapter 6) and implementation (Chapter 7) jointly result in transformational change in a country.
Figure 2.1: Eight Pillars of a Transformational BIOFIN Process