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Scaling-up Finance Mechanisms for Biodiversity

image of Scaling-up Finance Mechanisms for Biodiversity

This report examines six mechanisms that can be used to scale-up financing for biodiversity conservation and sustainable use and to help meet the 2011-20 Aichi Biodiversity Targets. The mechanisms are environmental fiscal reform, payments for ecosystem services, biodiversity offsets, green markets, biodiversity in climate change funding, and biodiversity in international development finance. Drawing on literature and more than 40 case studies worldwide, this book addresses the following questions: What are these mechanisms and how do they work? How much finance have they mobilised and what potential is there to scale this up? And what are the key design and implementation issues that need to be addressed so that governments can ensure these mechanisms are environmentally effective, economically efficient and distributionally equitable?

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Comparing across the mechanisms

Insights and lessons

This chapter provides a comparative analysis of the six biodiversity finance mechanisms – environmental fiscal reform, payments for ecosystem services, biodiversity offsets, markets for green products, biodiversity in climate change funding, and biodiversity in international development finance – and summarises the circumstances and conditions under which they are most likely to be effective. It then examines crosscutting issues, such as environmental and social safeguards and capacity and governance needs for effectively implementing biodiversity finance mechanisms.

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