DMPQ-Write a short note on BIOFIN.

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BIOFIN is a global partnership seeking to address the biodiversity finance challenge in a comprehensive manner – building a sound business case for increased investment in the management of ecosystems and biodiversity.

The goals of BIOFIN include the following:

Develop and pilot a new approach and methodology to fill the financing gap for biodiversity;

Support CBD parties in reporting on resource mobilization (Financial Reporting Framework); Assist countries to better mobilize and align domestic and international finance for biodiversity, including implementation of NBSAPs, and to achieve sustainable development goals. BIOFIN is managed by the UNDP Ecosystems and Biodiversity Programme, in partnership with the European Union and the Governments of Flanders, Germany, Norway and Switzerland, who support the initiative with a total of USD 29 million.

 

 

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