CHM - ORTBy 2030, Dominica aims to implement a costed biodiversity finance plan that mobilises sustained public, donor and private resources, including Payment for Ecosystem Services, ecotourism, green bonds, biodiversity-linked fees and taxes, and blended finance, with transparent tracking. The plan will identify financing needs, existing resources and funding gaps, and guide investment in national biodiversity priorities. Financing mechanisms will be developed according to their feasibility, expected conservation benefits and environmental and social safeguards. Implementation will support effective resource use, equitable access and the long-term continuity of biodiversity action.
Dominica aims to prepare and implement a biodiversity finance plan linked to the NBSAP, national targets, public budgets and investment programmes. A review of expenditure, revenue and financing needs will establish a baseline and guide a prioritised set of financing measures, with clear responsibilities and implementation milestones. Domestic resource mobilisation will include biodiversity budget allocations and assessment of appropriate biodiversity-linked fees, taxes and ecotourism revenues. The plan will clarify how funds are allocated and used to support conservation and sustainable use. Implementation will assess and develop Payment for Ecosystem Services, green bonds and blended finance arrangements, alongside donor partnerships and private investment. Instrument selection will consider national fiscal conditions, administrative capacity, costs, safeguards and measurable biodiversity outcomes. A coordinated tracking system will record funding sources, commitments, disbursements, expenditure and results, avoiding double counting. Accessible funding arrangements and technical support will facilitate community-led action, including Kalinago priorities, while regular reporting will strengthen transparency and accountability.
| 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. | High |
Access to financial resources: The target explicitly seeks to mobilise, diversify and sustain biodiversity finance, supported by a costed plan and transparent tracking.
Collective effort towards the targets: Implementation promotes coordinated contributions from public institutions, donors, financial actors, businesses, civil society and communities.
Consistency with international agreements or instruments: The plan supports resource mobilisation for biodiversity objectives under the Convention on Biological Diversity and relevant sustainable development commitments.
Contribution and rights of Indigenous Peoples and local communities: Financing arrangements will recognise Kalinago rights, governance and priorities, support community-led action and promote equitable access to resources.
Cooperation and synergies: The plan will connect biodiversity finance with climate resilience, water security, sustainable production and livelihoods, identifying shared benefits while avoiding double counting.
Different value systems: Financing priorities will consider ecological, economic, cultural and livelihood values, including community stewardship and non-monetary contributions.
Ecosystem approach: Resources will support connected ecosystems and long-term ecological functions, informed by national conservation and sustainable-use priorities.
Fulfilment of the three objectives of the Convention and its Protocols, and their balanced implementation:The plan will support financing needs across conservation, sustainable use and fair and equitable benefit sharing.
Human rights-based approach: Funding mechanisms will promote transparency, participation and equitable access, with environmental and social safeguards and accessible channels for raising concerns.
Intergenerational equity: Sustained financing and provision for long-term maintenance will help preserve biodiversity and ecosystem services for future generations.
National circumstances, priorities and capabilities: Implementation reflects Dominica’s limited fiscal space, small domestic market, disaster vulnerability and dependence on biodiversity-based livelihoods.
Right to development: Biodiversity finance will support resilient livelihoods, community enterprise and sustainable economic opportunities while maintaining natural resources.
Science and innovation: Expenditure reviews, financing-needs assessments, ecosystem-service information and results monitoring will guide financing decisions and evaluate effectiveness.
Whole-of-government and whole-of-society approach: Implementation promotes institutional coordination and inclusive partnerships, with the Kalinago people and local communities participating in financing priorities, delivery and monitoring.
National Target 19 addresses key elements of GBF Target 19 through a costed biodiversity finance plan, mobilisation of public, donor and private resources, a range of financing mechanisms, and transparent tracking. The current wording does not quantify the national funding increase or specify milestones for closing identified financing gaps. These can be established through the finance plan using agreed baselines, costed priorities and realistic mobilisation objectives. Implementation arrangements can also clarify environmental and social safeguards, support for collective and community-based action, climate–biodiversity financing synergies, and measures to improve the effectiveness and accessibility of funding. These elements are not all explicit in the target title; but this does not imply their exclusion. Monitoring will distinguish resources pledged from those received and spent, and assess their contribution to biodiversity outcomes.
No formal non-State actor commitments are recorded towards this national target. Opportunities for voluntary contributions and partnerships can be further developed during implementation.
Additional financing, technical assistance and institutional capacity are needed to assess expenditure and financing needs, prepare the costed plan and develop feasible financing measures. Priorities include reliable financial information, clear responsibilities, budget tracking methods and coordinated reporting systems. Support is also needed for project preparation, funding applications, assessment and piloting of finance instruments, and environmental and social safeguards. Practical training and accessible assistance will strengthen participation by community organisations and other implementing partners. Implementation will account for fiscal and market constraints, administrative costs, disaster-related pressures and the need to sustain activities beyond individual funding cycles. Regular review will help adjust financing measures and improve resource allocation.