Developing Financial Mechanisms for Long-Term Funding of Biodiversity Conservation

Developing Financial Mechanisms for Long-Term Funding of Biodiversity Conservation

On March 12, 1992, the Regional Environment Divisions and the Global Environment Facility Administration in the Environment Department sponsored a one-day workshop. Conservation professionals, financial and legal specialists, and Bank operational staff involved with biodiversity, particularly Global Environment Facility (GEF) projects, gathered to discuss trust funds, endowments, and foundations as a means of providing long-term, continuous funding for biodiversity conservation. Following this, another workshop focusing on trust fund design for GEF biodiversity projects was held on July 31, 1992. The paper previewed in this article outlines the main issues and operational lessons from both workshops. It is dividied into three subheadings. The first section deals with issues in setting up a long-term financial mechanism; the second section addresses special considerations for the GEF; and the third summarizes conclusions from both workshops.

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Bibliographic Details
Main Author: Larsen, Jeri
Language:English
Published: World Bank, Washington, DC 1993-10
Subjects:BIODIVERSITY, BIODIVERSITY CONSERVATION, BIOLOGICAL DIVERSITY, BIOLOGICAL DIVERSITY CONSERVATION, BIOLOGICAL RESOURCES, CONSERVATION, CONSERVATION AREA, CONSERVATION EFFORTS, CONSERVATION ORGANIZATIONS, CONSERVATION PROJECTS, ECOSYSTEM, ENVIRONMENTAL ACTION, ENVIRONMENTAL ACTION PLAN, ENVIRONMENTALLY SUSTAINABLE DEVELOPMENT, GLOBAL ENVIRONMENT, GLOBAL ENVIRONMENT FACILITY, NATIONAL PARK, NATIONAL PARKS, NATURAL AREAS, NATURAL RESOURCE, NATURAL RESOURCE MANAGEMENT, PART C, PROGRAMS, PROTECTED AREAS, SUSTAINABILITY NATURE CONSERVATION, WORKSHOPS, ENVIRONMENTAL PROTECTION, TRUSTS, ENDOWMENTS, NONGOVERNMENTAL ORGANIZATIONS, COMMUNITY PARTICIPATION, PRIVATE SECTOR PARTICIPATION, POLICY COORDINATION,
Online Access:http://documents.worldbank.org/curated/en/1993/10/1570735/developing-financial-mechanisms-long-term-funding-biodiversity-conservation
https://hdl.handle.net/10986/10030
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Summary:On March 12, 1992, the Regional Environment Divisions and the Global Environment Facility Administration in the Environment Department sponsored a one-day workshop. Conservation professionals, financial and legal specialists, and Bank operational staff involved with biodiversity, particularly Global Environment Facility (GEF) projects, gathered to discuss trust funds, endowments, and foundations as a means of providing long-term, continuous funding for biodiversity conservation. Following this, another workshop focusing on trust fund design for GEF biodiversity projects was held on July 31, 1992. The paper previewed in this article outlines the main issues and operational lessons from both workshops. It is dividied into three subheadings. The first section deals with issues in setting up a long-term financial mechanism; the second section addresses special considerations for the GEF; and the third summarizes conclusions from both workshops.

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