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

Financial Resources and Mechanism

Mandate

Decision III/8 - The Memorandum of Understanding between the Conference of the Parties to the Convention and the Council of the Global Environment Facility
Decision XII/30 - Financial mechanism
Decision XI/5 - The financial mechanism
Decision X/24 - Review of guidance to the financial mechanism
Decision X/25 - Additional guidance to the financial mechanism
Decision X/26 - The financial mechanism: Assessment of the amount of funds needed for the implementation of the Convention for the sixth replenishment period of the Global Environment Facility Trust Fund
Decision X/27 - Preparation for the fourth review of the effectiveness of the financial mechanism

The Global Environment Facility (GEF) was established in October 1991 as a pilot program to assist in the protection of the global environment and to promote environmentally sound and sustainable economic development, in anticipation of the adoption of international conventions on biological diversity and climate change. GEF was part of the interim financial arrangement under Article 39 of the Convention on Biological Diversity, and accepted by decision III/8 in 1996 as the institutional structure to operate the financial mechanism of the Convention. The GEF remains to be the only multilateral funding institution that has direct accountability to the Conference of the Parties.

The Memorandum of Understanding between the Conference of the Parties to the Convention and the Council of the Global Environment Facility is contained in decision III/8. The Memorandum provides legal basis for the relationship between the Convention and the Facility and sets out the role and responsibilities of each institution. This relationship was unprecedented in international financial cooperation system at the time of its formation. Over the past years, the two intertwining institutions have gained considerable experiences in enhancing mutual accountability and joining hands in advancing global biodiversity agenda.

The relationship between the Conference of the Parties and the GEF Council is reflected in five major areas: provision of guidance; reporting from the GEF Council; monitoring and evaluation; determination of funding needs; inter-secretariat collaboration.

Recommendation 1/7: The financial mechanism

Important Notice

Notification (SCBD/MOS/AF/ML/GD/85690 (2016-066)) to CBD National Focal Points and Resource Mobilization Focal Points with regard to decision XII/3 on resource mobilization, to complete the financial reporting framework, including any additional national methodological information and definitions used, by 31 August 2016.

Notification (SCBD/MPO/AF/YX/84932 (2016-059)) to CBD National Focal Points, indigenous peoples and local communities, and other relevant organizations to respond to the Questionnaire regarding Funding Needs for the Implementation of the Convention and its Protocols for the Seventh Replenishment Period (July 2018 - June 2022) of the Global Environment Facility Trust Fund

Deadline of submission: 31 August 2016

Questionnaire
Guidance on completing the questionnaire
List of frequently asked questions by National Focal Points

Questionnaire
Document D’orientation
Questionnaire sur les besoins de financement pour la mise en oeuvre de la Convention et de ses Protocoles au cours de la septième période de reconstitution (juillet 2018 – juin 2022) de la Caisse du Fonds pour l’environnement mondial

Cuestionario
Documento de Orientacion
Cuestionario sobre las necesidades de financiación para la Aplicación del Convenio y de sus Protocolos conexas al Séptimo Periodo de Reposición (julio 2018 – junio 2022) del Fondo Fiduciario del Fondo para el Medio Ambiente Mundial

Plenary presentation by the Expert Team to the first meeting of the Subsidiary Body on Implementation on 3 May 2016

What is New

February 2016: Report of the Dialogue Workshop on Assessment of Collective Action of Indigenous Peoples and Local Communities in Biodiversity Conservation and Resource Mobilization, also in Spanish

IUCN(2015): Worldwide Integrated Assessment of the Impacts of Systemic Pesticides on Biodiversity and Ecosystems

UNDP(2016): Guide to improving the budget and funding of national protected area systems. Lessons from Chile, Guatemala and Peru, July 2012 – April 2014. M. Flores and A. Bovarnick, UNDP

GEF( November 2015): Impact Evaluation of GEF/UNDP Support to Protected Areas and Protected Area Systems

World Bank Group (2015): Global Economic Prospects, January 2015: Having Fiscal Space and Using It. Washington, DC: World Bank

OECD (2015): Public Goods and Externalities: Agri-Environmental Policy Measures in Australia, Japan, the Netherlands, United Kingdom, The United States

UNEP: Delivering the green economy through financial policy, including case studies on China Green Credit Policy, IFC Sustainable Banking Network, South Africa: Regulation 28, Stock Exchange Initiatives, Disclosure Initiatives, US: Insurance Regulation, United Kingdom: The Green Investment Bank, The Netherlands: Green Funds Scheme, South Korea: Green Growth Strategy.

Namibia: Development of a Baseline of Biodiversity Expenditure in Namibia, 2014: Final Report and Annexes. Namibia Nature Foundation.

Costa Rica: Fundación Banco Ambiental (FUNBAM) and Fondo para la Biodiversidad Sostenible, Programa de Conservación de la Biodiversidad - PCB, fourth draft

Norway: Capacity building course Southern Africa region: Synthetic biology – biosafety and contribution to addressing societal challenges, 20-26 September 2015, North-West University, Potchefstroom, South Africa

UNESCAP: Sustainable Development Financing: Perspectives from Asia and the Pacific

Australia: Financing Sustainable Development – What Can We Learn from the Australian Experience of Reform? Draft discussion paper submitted to Asia-Pacific High-Level Consultation on Financing for Development meeting, Jakarta, Indonesia, 29-30 April.

Development Policy Forum (DPF): Financing for Development: The challenge of implementing SDGs, Development Policy Forum (DPF) Roundtable, Spring 2015, Brussels

International Trade Centre (ITC) (2015). The Trade in Wildlife: A Framework to Improve Biodiversity and Livelihood Outcomes

UNDP (2013): Targeted Scenario Analysis: A new approach to capturing and presenting ecosystem service values for decision making.
(2014): Tourism Concessions in Protected Natural Areas: Guidelines for Managers; Appendix

Apple inc. (11 May 2015): announced an expansion of its renewable energy and environmental protection initiatives, including a new multi-year project with World Wildlife Fund to protect as much as 1 million acres of responsibly managed working forests which provide fiber for pulp, paper and wood products in China.

China: Green Finance Task Force Report; Green Finance Task Force Summary; Theoretical Framework of Green Finance; International Experience of Green Finance

UK: Natural Capital Investments in England (Final Report 2015)

UK: The State of Natural Capital: Protecting and Improving Natural Capital for Prosperity and Wellbeing, Third report to the Economic Affairs Committee, Natural Capital Committee

UK: Developing Corporate Natural Capital Accounts, eftec, Final Report for the Natural Capital Committee, January 2015

GCF: The Green Climate Fund Board (26 March 2015) accredited: Centre de suivi écologique (CSE) from Senegal, Fondo de Promoción de las Áreas Naturales Protegidas del Péru (PROFONANPE), the Secretariat of the Pacific Regional Environment Programme (SPREP), Acumen Fund, Inc. (Acumen), Asian Development Bank (ADB), Kreditanstalt für Wiederaufbau (KfW), and the United Nations Development Programme (UNDP)

France: French Agency for Development - AFD provided 315 M€ (4% of total funding) for biodiversity and natural resources projects around the world in 2014.

United Nations: Zero Draft of the Outcome Document of the Third Financing for Development Conference, 13-16 July 2015, Addis Ababa, Ethiopia

GEF: Mid-Term Evaluation of the System for Transparent Allocation of Resources (STAR)

GEF: Mid-Term Evaluation of the National Portfolio Formulation Exercise (NPFE)

Sri Lanka: Joint GEF/Sri Lanka Country Portfolio Evaluation (1991-2012)

India: GEF Country Portfolio Evaluation India (1991-2012)

Burundi: Biodiversity investment and financial resource mobilization strategic plan 2013-2020

Executive Summary: High Level Panel on Global Assessment of Resources for Implementing the Strategic Plan for Biodiversity 2011-2020 (UNEP/CBD/COP/12/13/ADD2)

High Level Panel on Global Assessment of Resources (full report) for Implementing the Strategic Plan for Biodiversity 2011-2020 (UNEP/CBD/COP/12/INF/4)

Second Dialogue Seminar on Scaling up Finance for Biodiversity: Resource mobilization and the value of biodiversity, mainstreaming, financing mechanisms and safeguards, Co-Chairs’ Summary Report (Sabino Francis Ogwal and Maria Schultz), also available in Spanish

World's protected natural areas receive eight billion visits a year, of which more than 80% are in Europe and North America. These visits generate approximately US $600 billion/y in direct in-country expenditure and US $250 billion/y in consumer surplus. See: Balmford A, Green JMH, Anderson M, Beresford J, Huang C, et al. (2015) Walk on the Wild Side: Estimating the Global Magnitude of Visits to Protected Areas. PLoS Biol 13(2): e1002074. doi:10.1371/journal.pbio.1002074

Joint CBD-GEF Subregional Workshops on CBD Implementation and Financial Reporting

Financing events during COP12, including over 70 presentations on national financing experiences and international efforts.

Aligning the financial system with sustainable development: pathways to scale. Profiling financial innovations of 12 countries in four clusters related to particular financial asset pools — banks, bond markets, institutional investors and central bank balance sheets — and one cross - cutting policy tool: long-term environmental risk assessment.

Guidance Manual on Valuation and Accounting of Ecosystem Services for Small Island Developing States (SIDS). UNEP’s Ecosystem Services Economics Guidance Manual Series No. 2 under the Valuation and Accounting of Natural Capital for Green Economy (VANTAGE) programme and Regional Seas Reports and Studies No. 193.

Climate Finance for Cities and Buildings - A Handbook for Local Governments. UNEP Division of Technology, Industry and Economics (DTIE), Paris.

Keeping Track of Adaptation Actions in Africa. Targeted Fiscal Stimulus Actions Making a Difference. United Nations Environment Programme (UNEP), Nairobi

The Environmental Crime Crisis – Threats to Sustainable Development from Illegal Exploitation and Trade in Wildlife and Forest Resources. A UNEP Rapid Response Assessment. United Nations Environment Programme and GRID-Arendal, Nairobi and Arendal.

Barbados’ Green Economy Scoping Study. Government of Barbados, University of West Indies - Cave Hill Campus, United Nations Environment Programme, 244p.

Greening Business. Our Planet, the magazine of the United Nations Environment Programme, 2014.

Building Natural Capital: How REDD+ can Support a Green Economy, Report of the International Resource Panel, United Nations Environment Programme, Nairobi, Kenya, 2014. Summary for Policy Makers

The 2014 CAPE conference: The role of finance in achieving the Sustainable Development Goals Conference report Report, December 2014

Elements: Preparatory Process for the 3rd International Conference on Financing for Development, 21 January 2015

Mr. Braulio Dias, Executive Secretary, letter transmitting COP12 decisions to the financial mechanism, including updates under the Convention on Biological Diversity, 22 January 2015

Doha negotiations related to biodiversity, WTO agreements and biodiversity measures, trade in sustainable development (January 2015)

USD 10.2 billion was the initial resource mobilization result of the Green Climate Fund: highlights of UNFCCC CP.20 and KP.10 decisions (8 January 2015)

Mr. Braulio Dias, Executive Secretary, Statement to the 47th meeting of the Council of the Global Environment Facility, 29 October 2014

Joint Summary of the Chairs of the 47th meeting of the Council of the Global Environment Facility

  • United Nations
  • United Nations Environment Programme