Achieving Target 3 requires sufficient funding and sustainable finance to ensure protected areas and OECMs are established and managed in ways to maintain biodiversity in the long term, at both the site and systems level.
Conservation Finance
Making Money Local
This video summarizes the CBD’s Making Money Local report which compiles over 30 case studies of realised cash-in-hand financial benefits from protected areas. This body of work encourages managers and stakeholders that they can be creative about income streams from protected and conserved areas without putting conservation values at risk.
Sustainable Fact Sheets
The following fact sheets, developed by the IUCN WCPA Sustainable Finance Specialist Group, provide examples of different options being used to fund protected areas and OECMs in across the world:
Collaborative management partnerships (CMPs)
BIOFIN Resources
BIOFIN was initiated in response to the urgent global need to divert more finance from all possible sources towards global and national biodiversity goals, as highlighted during the 2010 CBD COP 10 in Nagoya.
Some of BIOFIN available resources are:
BIOFIN Workbook 2024
The BIOFIN Workbook provides tools to help nations conduct policy reviews, estimate biodiversity spending as well as financial needs and design biodiversity finance plans. Link to the Workbook.
Biodiversity Finance Course
This course will provide you with the tools to assess the policy, institutional, and economic context for biodiversity finance; conduct a financial needs assessment to achieve a country’s biodiversity goals; and develop a biodiversity finance plan that identifies the most suitable finance solutions. Link to the course.
Results-Based Budgeting for Biodiversity – A guidebook
Results-based budgeting (RBB) offers a strategic approach that aligns funding with specific, measurable outcomes, ensuring resources are used effectively and efficiently to achieve concrete conservation results. Click here to learn more.