A green field dotted with red flowers and a single tree under a clear blue sky.

Biodiversity Finance Initiative (BIOFIN)

BIOFIN approach combines rigorous assessments with tailored solutions. Using a standardized methodology, BIOFIN supports countries in identifying and quantifying their biodiversity finance needs, analysing existing expenditures, and identifying opportunities to mobilize additional resources. This process ensures that biodiversity conservation is integrated into national planning, economic decision-making, and fiscal frameworks, fostering long-term sustainability.

The BIOFIN methodology is now being implemented across 133 countries, across diverse ecological, social, and economic contexts. BIOFIN work spans a wide range of activities, from complex fiscal instruments to promoting innovative mechanisms such as payments for ecosystem services and biodiversity offsets.

BIOFIN works to deliver more inclusive, equitable, and sustainable results for both gender equality and nature.

Project Coordinator: 

Meruyert Sarsembayeva

E-mail: meruyert.sarsembayeva@undp.org

Project Duration: 

Phase I: 2014-2017

Phase II: 2018-2030

Budget: 

US$2,691,131

National partners: Ministry of Ecology and Natural resources of the Republic of Kazakhstan, Ministry of Finance of the Republic of Kazakhstan

Donor: 

The Governments of Switzerland, Germany, Canada, United Kingdom and the European Union

Impact

START DATE

June 2024

END DATE

December 2030

STATUS

Ongoing

PROJECT OFFICE

Kazakhstan

IMPLEMENTING PARTNER

UNDP

DONORS

Dept of Forgn Afrs Trade & Dev

EUROPEAN COMMISSION

Federal Office for the Environment-FOEN

GOVERNMENT OF GERMANY

GOVERNMENT OF UNITED KINGDOM

TOTAL CONTRIBUTIONS

$1,002,278

DELIVERY IN PREVIOUS YEARS

2024$150,840

2025$310,688

2026$170,969

Full Project information