Financial Incentives for a Biodiversity-Friendly Future – Green Recovery a Catalyser

28 Oct, 2020

For green and efficient recovery from the COVID-19 pandemic, it is crucial to review all subsidies with the aim to reduce and minimise harmful subsidies in all sectors particularly agriculture. India's economic stimulus packages are designed to raise agricultural productivity to combat hunger, provide local jobs and at the same time support biodiversity conservation. However, further biodiversity mainstreaming and alignment of government policies is needed globally to secure biodiversity and livelihoods.

Expert practitioners and decision-makers from the government, NGOs, indigenous peoples and the private sector from different continents (Africa, Asia, Europe, Latin America) joined a discussion on existing approaches and financial incentive measures for biodiversity mainstreaming at the Global Landscape Forum Biodiversity Digital Conference on “One World – One Health” on the 28th October 2020. The global IKI project PBAB facilitated the session which was jointly organized by four IKI BMU projects implemented by GIZ and World Agroforestry (ICRAF).

Dr V.B. Mathur, Chairperson, National Biodiversity Authority of India, spoke about India’s participation in the Biodiversity Finance Initiative (BIOFIN) and its calculation of a gap in biodiversity funding of approximately 6.5 billion dollars annually. The discussion was moderated by Adriana Vidal, Senior Forest Policy Officer at IUCN.

The speakers talked about bringing successful approaches to scale and linking COVID-19 response measures to finance a biodiversity-friendly future. The sessions highlighted promising trends in sustainable finance and the experts provided examples of how these trends can be strengthened as part of the challenges faced by economies and societies. An important aspect was integrating these measures into COVID-19 recovery plans. 


About the project

The global PBAB project promotes promising methods and instruments for biodiversity-friendly production and commercialisation. It tests and enhances them and systematises the experience gained in a way that enables both private and public actors to use them. In India, the project addresses spice cultivation in the Western Ghats, a mountain range in southern India that is known for its great biodiversity. The PBAB project is commissioned by the German Federal Ministry for the Environment, Nature Conservation, and Nuclear Safety (BMU) and implemented by the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ). It is part of the International Climate Initiative (IKI) Read More

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