This document explores six biodiversity finance mechanisms: environmental fiscal reform; payments for ecosystem services; biodiversity offsets; markets for green products; biodiversity in climate change funding; and biodiversity in international development finance.
Drawing on literature and more than 40 case studies worldwide, the book addresses the following questions for each mechanism:
- What are these mechanisms and how do they work?
- How much finance have they mobilised and what potential is there to scale this up?
- What are the key design and implementation issues that need to be addressed?
This document is particularly pertinent to Aichi Target 20, and may be useful for countries when assessing the different biodiversity finance options available, how to select which are most appropriate to the country context, and what to consider when putting them in place.