Project Summary  

Bridging the global biodiversity financing gap, estimated at US$700 billion annually, and mobilizing new resources while improving efficiency and reducing harmful financial flows are critical to achieving the targets of the Global Biodiversity Framework (GBF).

The Umbrella Programme to Support Development of Biodiversity Finance Plans by the United Nations Development Programme (UNDP) supports eligible countries to develop national biodiversity finance plans (BFPs) under GBF Target 19. It identifies the root causes of biodiversity loss, funding gaps, and strategies to reduce harmful resource flows, mobilize new funding, and use resources more efficiently. The programme also tackles key barriers such as limited stakeholder awareness, gaps in expenditure data, insufficient measurement of harmful finance, unclear needs, and limited uptake of country-specific solutions and global best practices.

Building on UNDP’s Biodiversity Finance Initiative (BIOFIN) and other proven approaches, the programme establishes a transformative biodiversity finance process by engaging governments, the private sector, and civil society through a socially and gender-inclusive approach, strengthening institutional capacity and enabling large-scale resource mobilization to implement the GBF.

Objectives  

• Mobilize resources for GBF implementation through the development of national biodiversity finance plans.
• Boost domestic funding for biodiversity and align expenditures to reduce harm while enhancing positive impacts.
• Create new biodiversity-focused financing mechanisms and improving cost-efficiency in conservation.
• Advance finance solutions that benefit women, indigenous peoples, and other vulnerable communities.

Outcomes  

• Strengthened institutional effectiveness through reviewing policy and institutional frameworks, mapping biodiversity-related subsidies, identifying key stakeholders, and outlining barriers and existing finance mechanisms to generate actionable recommendations.
• Comprehensive overview of biodiversity spending by evaluating biodiversity-related expenditures across public and private sectors, determining attribution levels, and highlighting financial delivery challenges for stakeholder feedback.
• Aligned national strategies and action plans with the Kunming-Montreal Global Biodiversity Framework, assessing financial needs, and defining priorities and costs required to achieve national biodiversity targets.
• Formulated national biodiversity finance plans (BFPs) by consolidating findings, identifying promising finance solutions, engaging the private sector and civil society, and validating plans with stakeholders to ensure national ownership and credibility.
• Enhanced knowledge exchange, capacity-building, and technical assistance through a global platform, delivering training, best practices, and tailored resources, while implementing a results-driven monitoring and evaluation system to track progress, ensuring inclusion of women, indigenous communities, and vulnerable groups, and managing social and environmental risks.