Relaunching the IDFB on the road to Cali
As COP16 in Cali, Colombia fast approaches, the IDFB is ramping up its activities once again to bring together governments and stakeholders from the financial sector to prepare and mobilize for biodiversity! IDFB 16, 17 and 18 will all take place in the run-up to COP16 in Cali, Colombia. The IDFB will also be hosting and supporting on side events in the area of biodiversity finance at COP. For more information on the past and present work of the IDFB and its network, please consult the IDFB Information Slides.
Nature Finance events
We have created an overview document of relevant Nature Finance events that will take place during COP16 in Cali.
We will update this regularly.
Another overview is developed by UNEP-WCMC. If you’re looking for the full guide to what’s going on for business and finance at COP16 you can download it through the link below.
Upcoming IDFB sessions
The upcoming IDFB sessions will facilitate a place for discussion on key topics for the Global Biodiversity framework – exploring challenges for mobilizing private finance for biodiversity, experiences and best practices for engaging the private financial sector in developing National Biodiversity Finance Plans (NBFPs), progress and actions for aligning all financial flows with nature goals, and what countries need in order to advance on resource mobilization targets of the GBF (Targets 14, 15, 18 and 19).
You can reach out to us for more information and to register for the upcoming sessions – we look forward to engaging with you and accelerating action and cooperation on achieving the goals and targets of the Global Biodiversity Framework!
About the IDFB
The gap in funding for biodiversity worldwide is estimated to be between US $598 and $824 billion annually. To fill this gap, the financial sector has to be involved in achieving an ambitious post-2020 Global Biodiversity Framework (GBF). Various countries, including the Netherlands, have reached out to the financial sector and have illustrated that it is possible to integrate biodiversity in all financial flows and to use public funding to leverage private finance.
Based on our collective learnings from supporting partnerships and coalitions, the Dutch Government has set up the Interface Dialogue Finance and Biodiversity (IDFB). The goal of the IDFB is to showcase best practices in greening the financial sector to the Parties of the Convention on Biological Diversity (CBD) and to strengthen their efforts in aligning finance to the post-2020 GBF.
The IDFB was set up by the government of The Netherlands in close collaboration with the government of the United Kingdom and the CBD secretariat.
The IDFB tries to mobilise Parties to the CBD and financial institutions in order to galvanise the transition towards including biodiversity in financial decision making. The IDFB will run up until the COP15 process is completed with the adoption of the GBF. The dialogue is open for governments and financials that are interested in participating, and is conducted in an informal and mostly online or hybrid format.
The alignment of a group of governments and financials wanting to create momentum around exchanging learnings and information on this topic.
The sharing of knowledge and experiences,
linked to policy development, tools and data gathering.
Collaboration on initiatives that strengthen the transition of the financial sector.
Exploring and supporting countries in getting access to information, tools and best practices for mobilising finance; and in using this information to strengthen the GBF.
The representation of the topic of finance mobilisation in relevant forums.
"The goal of the IDFB is
to showcase best practices in
greening the financial sector. "
The IDFB helps to facilitate
The IDFB is a crucial facilitator in global biodiversity financing efforts. It serves as a dynamic platform bringing together governments, financial institutions, and other stakeholders to accelerate progress in this field. The IDFB fosters collaboration, knowledge sharing, and innovation in biodiversity financing strategies.
By aligning diverse actors and promoting best practices, it supports the development and implementation of effective financing solutions for biodiversity conservation and sustainable use. The IDFB’s facilitation work spans policy development, tool creation, and capacity building, contributing significantly to the Global Biodiversity Framework. Key facilitation activities of the IDFB include:
Dive into the world of Finance & Biodiversity
Explore the intersection of finance and biodiversity with these three insightful papers exploring how we can align all financial flows with the targets of the Global Biodiversity Framework, use blended finance as a mechanism for mobilizing private finance, and additional guidance for developing National Biodiversity Finance Plans (NBFPs).
Finance for Nature Positive:
Building a Working Model
Funded by the Netherlands Enterprise Agency (RVO), and led by UNEP FI and the Finance for Biodiversity Foundation, this discussion paper intends to solicit feedback from the financial sector on a proposed Finance for Nature Positive working model, including definitions and associated practices. It aims to help operationalize the “Nature Positive” concept for the private financial sector.
Strategies to Scale-up Payments
for Ecosystem Services
Ecosystem services are receiving more and more attention from governments, private financial actors and knowledge institutes. Target 19d of the Global Biodiversity Framework calls for “stimulating innovative schemes such as payment for ecosystem services” to increase financial resources for biodiversity conservation. Preparing for COP16, the need for strategic action to achieve the targets set by the GBF is critical. This paper, titled Strategies to Scale-up Payments for Ecosystem Services, describes how to scale up payment for regulating ecosystem services based on whether regulating ecosystem services are funded by public or private actors in the current economic system.
A Budget for
Biodiversity
This thought paper titled A Budget for Biodiversity offers practical insights and recommendations for Parties developing NBFPs, based on lessons learned from experiences from various countries, including those following the BIOFIN method and applications of landscape finance approaches.
Blended Finance for Nature
This document, commissioned by the Dutch Ministry of Agriculture following COP15 in Montreal, outlines an approach to mobilize more private financing for biodiversity through blended finance. It recognizes the unique local context of biodiversity investments and explores how international development finance can support domestic blended finance transactions, especially in developing countries. The paper discusses challenges, solutions, and potential vehicles for domestic blended finance.
Finding Common Ground
This Finding Common Ground paper aims to synthesise all of the important learnings and key ideas from the IDFB sessions, existing publications on biodiversity and finance, and inputs from IDFB participants, as well as the knowledge shared by our Knowledge Partners. It strives to provide a common understanding of what the Alignment of All Financial Flows with the Global Biodiversity Framework means, what actions and actors it entails, and provides 10 recommendations for how this can be implemented at the national and international level.
The Dialogue Sessions
A Roadmap to Cali
Explore our comprehensive Roadmap to Cali, designed to guide you through essential biodiversity and finance events leading up to COP16 in Cali, Colombia. The IDFB has curated a list of key happenings over the summer of 2024, ensuring you stay informed and engaged, as well as an overview of important side events at the COP16 itself.. Members are encouraged to reach out to the IDFB Team to add additional events to the Roadmap.
Nature Finance events
Take a look at our Nature Finance Event Calendar or dive into the Roadmap and ensure you don’t miss any critical moments in the journey towards COP16
"The IDFB has curated a list
of intriguing side-events and
key happenings over the summer
of 2024, ensuring you stay
informed and engaged."
Biodiversity Finance Resource Hub
This comprehensive resource center provides essential reading materials and practical tools on topics across the realm of biodiversity finance.
Our easy-to-navigate tables offer quick access to a diverse range of valuable resources. Click on any item to delve deeper into the world of biodiversity finance.
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