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