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

Financial Mechanism and Resources

Articles 20 and 21 of the Convention on Biological Diversity, Article 28 of the Cartagena Protocol on Biosafety and Article 25 of the Nagoya Protocol on Access to Genetic Resources and the Fair and Equitable Sharing of Benefits Arising from their Utilization set out the framework of financing agenda under the Convention. The Memorandum of Understanding between the Conference of the Parties to the Convention and the Council of the Global Environment Facility, contained in decision III/8, provides legal basis for the relationship between the Convention and the Facility, including the role and responsibilities of each institution. The Conference of the Parties, supported by the Secretariat, keeps under review the implementation of financing provisions of these Articles and the agreement at its ordinary meetings.

Guidance to the financial mechanism
Guidance to the financial mechanism, for a specific replenishment period, consists of a consolidated list of programme priorities that defines what to be financed, and an outcome oriented framework of programme priorities related to utilization of GEF resources for biodiversity.
The latest consolidated list of programme priorities is contained in Decision XIII/21. The fourteenth meeting of the Conference of the Parties will adopt additional guidance and the fifteenth meeting will consider a further consolidation of decision elements related to the financial mechanism.
The latest four-year outcome-oriented framework of programme priorities related to utilization of GEF resources for biodiversity during its seventh replenishment period is contained in Decision XIII/21. The fifteenth meeting of the Conference of the Parties will adopt a four-year outcome-oriented framework for the eighth replenishment of the Global Environment Facility Trust Fund.

Reporting from the GEF Council
The GEF Council reports on its financed project activities to the ordinary meetings of the Conference of the Parties. Its latest report was submitted to the thirteenth meeting of the Conference of the Parties. The next preliminary version of the GEF report will be available to the second meeting of the Subsidiary Body on Implementation, and a full report will be for the fourteenth meeting of the Conference of the Parties.
Pertinent projects financed by programme:
National planning
Climate change and biodiversity
Species issues
Terrestrial ecosystems and protected areas
Agro-ecosystems and agriculture
Coastal, marine, inland waters and fisheries
Forest ecosystems and forestry
Access and benefit sharing
Biosafety
Other projects
Pertinent global and regional projects:
Global and regional financing
Africa
Asia and the Pacific
Latin America and the Caribbean
Central and Eastern Europe

Monitoring and evaluation
The Conference of the Parties conducts a review of the effectiveness of the financial mechanism every four years. In accordance with the terms of reference, the fifth review of the effectiveness of the financial mechanism will take place at the second meeting of the Subsidiary Body on Implementation, and subsequently at the fourteenth meeting of the Conference of the Parties.

Determination of funding needs
In anticipation of the replenishment of the GEF Trust Fund, the Conference of the Parties makes an assessment of the amount of funds that are necessary to assist developing countries, in accordance with the guidance provided by the Conference of the Parties, in fulfilling their commitments under the Convention over the next GEF replenishment cycle. The second determination of funding needs was completed by the thirteenth meeting of the Conference of the Parties, in time for the launch of the seventh replenishment negotiations for the GEF. The fourteenth meeting of the Conference of the Parties will need to consider the terms of reference for assessing funding needs during the eighth replenishment period of the GEF, so that the fifteenth meeting of the Conference of the Parties will undertake the third determination of funding needs, for the eighth replenishment negotiations for the GEF Trust Fund.
The negotiation towards the seventh replenishment of the GEF Trust Fund was initiated by the 51st meeting of the GEF Council in October 2016, and planned to conclude in April 2008.

Inter-secretariat collaboration and reciprocal representation
The secretariats of the Convention and the Facility cooperate to enhance the effectiveness of the MOU, including attending as an observer the meetings of the governing bodies, providing technical consultation and jointly promoting implementation.

Other financial resources
Financial resources related to the implementation of this Convention may also be available through bilateral, regional and other multilateral channels (Article 20, paragraph 3. The Contracting Parties shall consider strengthening existing financial institutions to provide financial resources for the conservation and sustainable use of biological diversity (Article 21, paragraph 4. In this regard, monitoring of funding status and trends has been undertaken.

  • United Nations
  • United Nations Environment Programme