Financial mechanisms such as national and regional conservation trust funds (CTFs) can play a crucial role in guaranteeing an effective resourcing of the Strategic Plan for Biodiversity, including its 20 Aichi Biodiversity Targets, adopted by the 10th Conference of the Parties of the Convention for Biological Biodiversity (CBD) in 2010. One of the key value added of CTFs is the fact that they provide long term sustainable financing for biodiversity conservation activities due to its continuing efficacy and reliability as a mechanism.
This paper aims to enrich knowledge sharing about conservation trust funds. The Nature Conservancy (TNC) has actively been involved in the establishment of the Micronesian Conservation Trust, the recently established Caribbean Biodiversity Fund, as well as several water funds in Latin America. In addition, debt swaps are requiring trust funds in order to allocate public and private finance towards biodiversity.
Conservation trust funds – a robust biodiversity financing mechanism
Year: 2012