The funding gap for biodiversity conservation ranges between US$150 billion and US$440 billion per year. Eight years ago, the CBD Strategy for Resource Mobilization called on parties to explore new and innovative financial mechanisms at all levels. Be they payments for ecosystem services, environmental trust funds, fiscal reform or others, innovative instruments are needed to complement public investment and better engage with the private sector.
Since then we have gained some experience on how these innovative financial mechanisms really work on the ground, especially for funding and incentivizing biodiversity conservation in and around protected areas. We can thus draw lessons on what are the needed pre-conditions, success factors and risks of such mechanisms as well as on how they can be combined synergistically to leverage financial resources and foster efficient management.
In light of the draft decision on Resource Mobilisation (item 11) the side event invites Parties and other stakeholders to share lessons learnt on innovative financial mechanisms and their role in sustainable financing strategies for protected areas at national and site-level. The side-event will showcase practical examples, present highlights of a review of experiences from international cooperation (including French and German) and discuss impacts, critical conditions, limitations and recommendations for scaling-up.
- Renaud Lapeyre and Yann Laurans will present the study on Innovating for biodiversity conservation in african protected areas: funding and incentives. Insights from Côte d'Ivoire, Sierra Leone and South Africa.
December 14, 2016 - 1:15 p.m /2:45 p.m
Side-event 2, Universal building