CHM - ORTThe Kunming-Montreal Global Biodiversity Framework will be implemented primarily through activities at the national and subnational levels, with supporting actions at the regional and global levels. Together with other means of implementation, the mobilization of adequate financial resources is critical for achieving the goals and targets of the Framework. Developing countries will require substantial support to implement this framework and its targets. This target is linked to SDG 17 and GFGs 4 and 6.
Timor-Leste is a small island developing state with a limited tax base from which to draw upon to conserve biodiversity, among the many other government priorities aimed at assisting its human population. While the government’s priorities include conservation of natural resources, the only way the country will be able to implement the activities as proposed in this NBSAP is with the financial support and expertise of aid agencies, donors, and support from NGOs.
Responsible Ministry(ies): MAFFL, MTE
Actions:
1. Promote investments from donors including GEF, GCF, etc., and regional funds, and encourage private sector investments specifically for biodiversity. (Ongoing)
2. Work with US-AID’s new biodiversity fund to promote protection and needed information (data) on biodiversity.
3. Continue to work diligently with existing UN agencies and donor country partnerships to conserve biodiversity, while carefully assessing donor self-interest vs. what is required in Timor-Leste. (Ongoing)
4. Promote the carbon market to facilitate community groups to engage in planting trees.
5. Ensure implementing agencies (UNDP, FAO, UNEP and etc.) implement programmes that enable data collection, collect and use local knowledge with respect, and that innovations are accessible to the communities. (Ongoing)
6. Develop a BIOFIN plan by 2026.
| Global Targets | Degree of Alignment |
GBF-T19. Financial resources increased to $200 billion per year, including $ 30 billion through international finance GBF-T19. Financial resources increased to $200 billion per year, including $ 30 billion through international financeSubstantially and progressively increase the level of financial resources from all sources, in an effective, timely and easily accessible manner, including domestic, international, public and private resources, in accordance with Article 20 of the Convention, to implement national biodiversity strategies and action plans, by 2030 mobilizing at least 200 billion United States dollars per year, including by:
(a) Increasing total biodiversity related international financial resources from developed countries, including official development assistance, and from countries that voluntarily assume obligations of developed country Parties, to developing countries, in particular the least developed countries and small island developing States, as well as countries with economies in transition, to at least US$ 20 billion per year by 2025, and to at least US$ 30 billion per year by 2030;
(b) Significantly increasing domestic resource mobilization, facilitated by the preparation and implementation of national biodiversity finance plans or similar instruments according to national needs, priorities and circumstances;
(c) Leveraging private finance, promoting blended finance, implementing strategies for raising new and additional resources, and encouraging the private sector to invest in biodiversity, including through impact funds and other instruments;
(d) Stimulating innovative schemes such as payment for ecosystem services, green bonds, biodiversity offsets and credits, benefit-sharing mechanisms, with environmental and social safeguards;
(e) Optimizing co-benefits and synergies of finance targeting the biodiversity and climate crises;
(f) Enhancing the role of collective actions, including by indigenous peoples and local communities, Mother Earth centric actions[1] and non-market-based approaches including community based natural resource management and civil society cooperation and solidarity aimed at the conservation of biodiversity;
(g) Enhancing the effectiveness, efficiency and transparency of resource provision and use.
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[1] Mother Earth-centric actions: Ecocentric and rights-based approach enabling the implementation of actions towards harmonic and complementary relationships between peoples and nature, promoting the continuity of all living beings and their communities and ensuring the non-commodification of environmental functions of Mother Earth. |