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! Members of the IDFB network – and new participants – are welcome to join the upcoming IDFB dialogue sessions and other online events in the run up to COP16 to engage with other governments and stakeholders from the private financial sector, look ahead to what is needed to implement and achieve the goals and targets of the Global Biodiversity Framework, and align, build momentum and share best practices with each other.
Upcoming 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).
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.
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.
A Budget for Biodiversity
We’re excited to announce that our upcoming paper, A Budget for Biodiversity, will soon be available. This paper offers practical insights and recommendations for Parties developing NBFPs, based on lessons learned from experiences with following the BIOFIN method and applications of landscape finance approaches.
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.
Take a look at the calendar below or click the button to 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."
Events
SER Europe 2024 Conference
3rd EUBP ad-hoc session on biodiversity finance
GLF Africa: Greening the African Horizon
14th National Conference on Biodiversity
European Business & Nature Summit
Summit of the Future
Nature for Life Hub
World Biodiversity Summit at Climate Week NYC
From global to local: enhancing ESG data on Water
Shaping a Biodiversity Proof Future
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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