A workshop on global taxonomy of biodiversity costs was held in Kazakhstan

February 7, 2024
Photo: UNDP Uzbekistan

Representatives of the Ministry of Ecology, Environmental Protection and Climate Change, the Ministry of Economy and Finance of the Republic of Uzbekistan and the BIOFIN Project in Uzbekistan took part in the regional workshop of the BIOFIN Global Program* dedicated to the global taxonomy of biodiversity expenditures.

The workshop brought together more than 25 national leading specialists and experts from Kazakhstan, Kyrgyzstan and Uzbekistan from the sphere of environmental and biodiversity financing. The main objective of the workshop was to discuss and develop unified approaches in defining the list of public expenditures related to the protection of natural objects and ecosystems.

Photo: UNDP Uzbekistan

With the adoption of the Global Framework for Biodiversity Conservation, countries party to the convention have committed to further improve their national strategies, including plans to increase funding for biodiversity conservation. In this regard, the BIOFIN programme is developing a global biodiversity expenditure taxonomy to complement the methodology for assessing the status of biodiversity financing from national budgets and developing national biodiversity financing plans. The system should facilitate the identification and alignment of expenditures in national budgets with national biodiversity priorities. This will be a joint effort between BIOFIN teams and national experts.

The workshop provided a good platform for knowledge sharing and synergy between technical specialists, particularly in the field of protected areas work, and public finance specialists. The workshop participants shared their experience and knowledge, learned similarities and differences in the functioning and financing of national nature conservation systems in neighbouring countries.

Photo: UNDP Uzbekistan

On the second day of the seminar, the host party - BIOFIN team in Kazakhstan together with national partners, organised a visit to Ile-Alatau State National Natural Park, where participants got acquainted with the work of the Visitor Centre, organised within the framework of implementation of the financial solution of the BIOFIN project in Kazakhstan.

The workshop participants highly appreciated the level of organisation and conduct of the event and noted the importance of holding such events on a regular basis.

*The UNDP Global Programme "Biodiversity Finance Initiative - BIOFIN" is a global partnership that comprehensively addresses the issue of biodiversity finance. The Initiative provides an innovative methodology that enables countries to measure their current biodiversity expenditures, assess their financing needs in the medium term and identify the most appropriate financing solutions to overcome national biodiversity financing gaps.