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A Decade of Development Finance for Biodiversity

image of A Decade of Development Finance for Biodiversity

The report provides an overview of development finance with biodiversity-related objectives from a wide range of sources: bilateral Development Assistance Committee (DAC) members, non-DAC and South-South and triangular co-operation providers, multilateral institutions, private finance mobilised by development finance, and private philanthropy. The estimates are based on OECD statistical data. The report identifies the main gaps between biodiversity-related priorities and investments, and provides detailed estimates on financial allocations to the fight against illegal wildlife trade; nature-based solutions; indigenous peoples and local communities; the mainstreaming of biodiversity; gender equality; and climate change. These elements can help DAC members and other stakeholders to step up and target their biodiversity-related investments, notably to implement the Kunming-Montreal Global Biodiversity Framework under the Convention on Biological Diversity.

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Towards more strategic and effective development finance for biodiversity

Development finance will continue to play a key role during the years to come under the Global Biodiversity Framework, both in terms of quantity (for example, to cover essential domestic contributions to biodiversity) and quality (for example, supporting effective capacity development). However, it will not be able to fill the biodiversity funding gap. It will therefore need to evolve to support domestic policy reforms that unlock additional public and private financial flows, or seek co-benefits with other development co-operation areas, notably climate change. This chapter draws on the trends outlined in the analysis in Chapters 2 and 3, and an extensive review of the literature, to highlight opportunities for development finance to evolve and to become more strategic, coherent and effective in achieving biodiversity goals.

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