BIOFIN Phase 2+
BIOFIN in Indonesia works to transform the institutional and financial contexts of biodiversity financing while promoting national dialogues that capacitate stakeholders to accelerate the easing of their financial needs to achieve the national biodiversity target. Currently, BIOFIN pilot the finance solution at the implementation stage, including Sukuk, a faith-based biodiversity fund, EFT, and result-based budget tracking. Other solutions are being explored for feasibility, biodiversity offset, nature disclosure, etc.
Project Overview
01.01.2018 - 31.12.2027
Argentina, Belize, Brazil, Bhutan, Bostwana, Chile, China, Colombia, Costa Rica, Cuba, Ecuador, Fiji, Georgia, Guatemala, Indonesia, India, Kazakhstan, Kyrgyzstan, Cambodia, Sri Lanka, Madagascar, Mexico, Mongolia, Mozambique, Malawi, Malaysia, Nepal, Peru, Philippines, Rwanda, Seychelles, Thailand, Tanzania, Uganda, Vietnam, South Africa and Zambia
In general, BIOFIN projects are carried out at the national level, although some pilot projects have also been carried out, such as: Central Sulawesi: Tuva Village, Central Java: Semarang
Political Partners
Ministry of National Development Planning (BAPPENAS), Directorate of Environment
Policy Priorities
Biodiversity Financing
Relevant Links: https://www.international-climate-initiative.com/PROJECT1209-1