Because of the pressing need for tools and approaches to achieve Target 20 of the CBD Strategic Plan, UNDP launched the Biodiversity Finance Initiative (BIOFIN) as a new global partnership seeking to address the biodiversity finance challenge in a comprehensive manner (see also http://www.biodiversityfinance.net). The BIOFIN aim is to enable governments to build a sound business case for increased investment in the conservation, sustainable use and equitable sharing of benefits of ecosystems and biodiversity, with a particular focus on identifying and filling finance needs at the national level.The BIOFIN Workbook is a tool to help countries quantify the biodiversity finance gap at a national level, to improve cost-effectiveness through mainstreaming of biodiversity into national development and sectoral planning, and to develop comprehensive national resource mobilization strategies.
The workbook includes three main parts:
• Part I – Review of biodiversity finance context: The three inter-related workbooks (1A, 1B and 1C) in Part I explore the broader context that will shape the resource mobilization plan, including a) a review of the policy and practice drivers of biodiversity and ecosystem change; b) an analysis of key actors and institutions, and their relationship to biodiversity drivers and biodiversity finance; and c) a review of the amount and effectiveness of public and private biodiversity expenditures.
• Part II – Analysis of NBSAP costs: Workbook 2 explores the costs of implementing a country’s NBSAP, and includes a) an analysis of the costs for each set of strategies and actions; and b) a summary analysis and prioritization of all existing and future costs through 2020.
• Part III – Development of a finance plan: Workbook 3 provides guidance on how to develop a resource mobilization plan, and includes a) an analysis of potential finance mechanisms, actors and opportunities; and b) guidance on how to synthesize all of the results into a comprehensive resource mobilization plan.