Overview : - An overview of the recently generated key four BIOFIN Reports
Preliminary top-down estimates of the global financial gap for biodiversity range from US$ 100 to 400 billion annually and detailed bottom-up assessments in participating BIOFIN countries validate this significant financial need and have helped identify finance solutions required to achieve the Aichi Targets and biodiversity-related SDGs. Zanzibar is endowed with a rich but fragile terrestrial and marine environment with unique levels of biodiversity components. The Revolutionary Government of Zanzibar has made various efforts ranging from putting in place policies, legal frameworks, and strategies, and setting up institutions mandated to enhance sound management of natural resources and biodiversity conservation. In recent decades, biodiversity finance tools and solutions have demonstrated their importance for achieving biodiversity and sustainable development goals. In lieu of these facts, the Revolutionary Government of Zanzibar (RGoZ) has approached the issue of biodiversity finance in a comprehensive manner to ensure the choice and adoption of finance solutions do not remain experimental and opportunistic. The government has recently accomplished the four key methodological components of the Biodiversity Finance Initiative (BIOFIN) and came up with prioritized Finance solutions that should be implemented to reduce the identified financial gaps in biodiversity conservation. The BIOFIN is a global Programme that developed, piloted, and is continuously improving a methodology to measure existing biodiversity expenditure levels, assess future financial needs, and design comprehensive plans to use financial tools and solutions that increase financing, effectiveness and efficiency of biodiversity management in 36 countries. It is a global partnership launched in October 2012 by the United Nations Development Programme (UNDP) seeking to address the biodiversity finance challenges that face many countries in the world. The initiative has a rationale that sustainable financing of biodiversity conservation in terrestrial and aquatic ecosystems will enhance biodiversity conservation, sustainable socio-economic developments with gender inclusive, human well-being and environmental health at large. These achievements subsequently contribute to sustainable development goals, Aichi Targets and many other international commitments for biodiversity conservation including the Convention on Biological Diversity (CBD). .…………etc…………….etc…… |
