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Advancing More, Better and Faster Financing for Biodiversity and Ecosystem Services

Co-financing

Basis for action:
"To enhance efforts in mobilizing co-financing and other modes of project financing for biological diversity"...Strategy for resource mobilization, objective 3.1

Indicator:
Amount of funding provided through the Global Environment Facility and allocated to biodiversity focal area
Level of CBD and Parties’ support to other financial institutions that promote replication and scaling-up of relevant successful financial mechanisms and instruments

Global Monitoring Report 2012 noted that the overall co-financing ratio for GEF grants has been increased by 14 per cent, from 3.19 in GEF-3 to 3.65 in GEF-4. Increased co-financing ratio appears to have slightly better chance of receiving larger GEF grants (increase in 30 cases of 80 samples but decrease in 26 cases), and decreased co-financing ratio can lead to higher chance of receiving decreased GEF grants (decrease in 15 cases and increase in 9 cases). Co-financing ratios may not be necessarily correlated to the level of development of a recipient country.
The interest in financial institutions, other than the Global Environment Facility is manifest in the decisions adopted by the Conference of the Parties. There have been three to five requests to other financial institutions from the Conference of the Parties in its recent decisions. These decisions call to other financial institutions for financial support to protected areas, forests, coral reefs, indigenous and local communities, island biodiversity, management of invasive alien species, strategic plan, but most requests to other financial institutions have been observed in the decisions on financial resources, which directly demonstrates the increased level of CBD and Parties’ support to other financial institutions that promote replication and scaling-up of relevant successful financial mechanisms and instruments.
The average annual amount of biodiversity funding from the Global Environment Facility was US$240 million in the GEF-3 replenishment period (2002-2006) and US$257 million in the GEF-4 replenishment period (2006-2010). The nominal annual increase was close to 2 per cent, and to a large extent, helped offset the impact of inflation during the same period. Some 56 per cent of 138 recipient countries (77) saw certain increase in average annual funding for biodiversity from the Global Environment Facility over the two periods.

  • United Nations
  • United Nations Environment Programme