Side Event

The Biodiversity Finance Initiative - Transforming the Enabling Environment for Resource Mobilisation

Organizer
United Nations Development Programme

Date and Time
17 June 2014 13:15 - 14:45

Meeting
Fifth meeting of the Ad Hoc Open-ended Working Group on Review of Implementation of the Convention

The global Biodiversity Finance Initiative (BIOFIN) is managed by UNDP in partnership with the European Union and the Governments of Germany and Switzerland. The side-event will introduce BIOFIN to newly interested stakeholders and present the progress achieved since the launch of the initiative at CBD COP-11. This regards most notably the development of new bottom-up assessment methodologies and the approach and early outcomes at national level through reports from a selection of the 19 core participating countries, engaged in: analysing the integration of biodiversity and ecosystem services in sectoral and development policy, planning and budgeting; assessing future financing flows, needs and gaps for managing and conserving biodiversity and ecosystem services; developing comprehensive national Resource Mobilisation Strategies to meet the biodiversity finance gap; and initiating implementation of the Resource Mobilisation Strategy at national level.