Bio-Diversity Existing Financing
A.01Examples of existing financing mechanisms • The IDA, which lends to the LDCS at very low interest rates with increased funding to cover incremental costs. • The World Bank; The IMF; A revised GEF • Regional banks• The UNEP Voluntary Fund • The Montreal Protocol Multilateral Fund• Green Climate Fund • The UNDP country programs and funds • Other multilateral funds, situated in Specialized U.N. Agencies. • Bilateral aid.
Leading Group website. It was commissioned by France and covers 20 primary innovative means of financing for biodiversity. Unfortunately, it suggests that most of these are not very feasible on a global scale. It also claims that the financing for CBD needs to be greatly scaled up and that countries have committed to do so by 2020 at the latest.
For example it says that "we must assume that the needs for implementing NBSAPs exceed the capacity of domestic tax revenues both in the North and South. Also, achieving the objective of doubling international financial contributions for biodiversity in developing countries by 2015, as adopted by the parties to the CBD in Hyderabad in 2011, would be insufficient. Consequently, new biodiversity financing mechanisms must be developed at both the national and international levels."
It pays particular attention to 3 new or innovative means of finance - mentioned below - along with a number of others that seem to show particular promise. Our challenge is to figure out how to pull from this what would be most worthwhile. I have read through this fairly carefully and I do not think it will be easy to do. But I have pulled out the most pertinent information and have included it below. This was my hesitancy in just sending you a list of primary examples of new or innovative means of finance right away - it is just not so easy to do and takes quite a bit of work.
Anyway, I believe this paper to be one of those key resources that we ought to feature in the AWWWA web portal in regards to developing national sustainable strategies and financing plans. All countries that are party to the Convention are supposed to develop National Biodiversity Strategy and Action Plans (NBSAPs) by 2015, and with this Biodiversity financing plans and mechanisms. So, this paper will be key in helping them to do so and in letting the world's people know what some of the best options might be and why.