Finance for biodiversity could be scaled up from around US$52 billion in 2010 to as high as US$159 billion by 2020 if the public and private sectors work together to implement a range of financing approaches, concludes the new Little Biodiversity Finance Book.
The book explores 17 mechanisms for scaling up biodiversity finance - which must be used in combination - as well as how delivery could be improved.
5 June 2012: Finance for biodiversity could be scaled up from around US$52 billion in 2010 to as high as nearly US$160 billion by 2020, if the public and private sectors work together to implement a range of financing approaches, concludes the new “Little Biodiversity Finance Book.” The book has been published by the Global Canopy Programme on the basis of research funded by the Convention on Biological Diversity (CBD).
The third edition of the book explores mechanisms for scaling up biodiversity finance, how delivery can be improved, and how institutions can support the increase in scale. The authors explore 17 mechanisms for generating finance, from official development assistance (ODA) and reform of agricultural and fossil fuel subsidies, to greening commodities and the cap-and-trade market. They argue that all 17 mechanisms must be harnessed and scaled up in order to reach the Aichi Targets set for 2020. In combination, the mechanisms could raise up to US$159 billion annually by 2020, more than three times what was spent in 2010.
In addition, the proportions allocated to different parts of the world must also change; more of the cost could be shifted to the polluters, rather than the beneficiaries of ecosystem services; and a greater balance will be needed between market and non-market based financing mechanisms. [CBD Press Release] [Publication: The Little Biodiversity Finance Book – 3rd Ed.]