UNDP in Asia and the Pacific reposted this
At #COP16Colombia, the European Union pledged €12M to boost biodiversity finance through UNDP's BIOFIN - Biodiversity Finance Initiative. Empowering local communities, supporting biodiversity credit markets and funding Marine Protected Areas, The EU funding will support the involvement of Indigenous Peoples and Local Communities in the development of biodiversity credit markets, improvements to the Finance Resource Database for Biodiversity (FIRE), and sustainable financing for Marine Protected Areas. BIOFIN has helped catalyze over US $1Bn in financing for nature across 41 countries since 2018, currently working with an additional 91 countries to support Biodiversity Finance Plans that will unlock new investments in nature and reduce spending that damages biodiversity. Read more about how this incredible support will support critical action to make #PeaceWithNature: https://lnkd.in/eESMWsnE