Achieving Target 3 requires sufficient funding and sustainable finance to ensure protected areas and OECMs are established and managed in ways to maintain biodiversity in the long term, at both the site and systems level.
Conservation Finance
Making Money Local
This video summarizes the CBD’s Making Money Local report which compiles over 30 case studies of realised cash-in-hand financial benefits from protected areas. This body of work encourages managers and stakeholders that they can be creative about income streams from protected and conserved areas without putting conservation values at risk.
Finance Solution Inventory
The Finance Solution Inventory is an African-led knowledge hub of finance solutions targeted toward conservation. The Inventory is a product of the Sustainable Finance Coalition and showcases finance solutions from a diverse and inclusive network of collaborators and contributors. The initiative highlights Collective Action in financing nature at scale, emphasizing the importance of collaboration in driving sustainable finance.
Finance solutions are represented in the Inventory through an interactive Inventory Wheel, where each solution is unpacked in an easy-to-understand Solution Sheet. Each Solution Sheet describes the type of finance solution, the Building Blocks as critical to success and provides real-world examples of tailor-made finance solutions in practice. Currently there are 10 Solution Sheets on the Inventory, from Bonds to Funds, to Nature Credits and Environmental Fiscal Benefits.
The Coalition thanks it’s Finance for Nature Ecosystem for funding, endorsement and collaboration. Click here to access the Inventory
Sustainable Fact Sheets
The following fact sheets, developed by the IUCN WCPA Sustainable Finance Specialist Group, provide examples of different options being used to fund protected areas and OECMs in across the world:
Collaborative management partnerships (CMPs)
Protected and Conserved Areas (PCA) entrance fees
BIOFIN Resources
BIOFIN was initiated in response to the urgent global need to divert more finance from all possible sources towards global and national biodiversity goals, as highlighted during the 2010 CBD COP 10 in Nagoya.
Some of BIOFIN available resources are:
BIOFIN Workbook 2024
The BIOFIN Workbook provides tools to help nations conduct policy reviews, estimate biodiversity spending as well as financial needs and design biodiversity finance plans. Link to the Workbook.
Biodiversity Finance Course
This course will provide you with the tools to assess the policy, institutional, and economic context for biodiversity finance; conduct a financial needs assessment to achieve a country’s biodiversity goals; and develop a biodiversity finance plan that identifies the most suitable finance solutions. Link to the course.
Results-Based Budgeting for Biodiversity – A guidebook
Results-based budgeting (RBB) offers a strategic approach that aligns funding with specific, measurable outcomes, ensuring resources are used effectively and efficiently to achieve concrete conservation results. Click here to learn more.