PIMS-9843 Biodiversity Finance Plan Albania

About this project

The recent “Little Book on Investing in Nature” estimates the global annualbiodiversity financing gap at US$700 billion. The CBD Panel of Experts on Resource Mobilization highlighted thatimplementation of the new biodiversity targets under the Global Biodiversity Framework (GBF) will requireadditional financial resources, increased resource efficiency, and a reduction of biodiversity-harmful financialflows. Reducing the biodiversity finance gap can only be achieved through transformative change acrosseconomies and society.To develop a clear picture of how to achieve the targets of the CBD’s GBF, a detailed assessment of the policyand institutional national context, a biodiversity expenditures review and financial needs are required as well asdevelopment and implementation of finance plans. CBD Parties face the following key barriers to sustainablefinancing of nature-positive policies and practices: (a) limited awareness, coordination, and capacity amongnational stakeholders to address gaps in biodiversity financing; (b) insufficient knowledge and systematic1 This project is being submitted as a non-expedited enabling activity2 One TE of the entire project; no TEs of individual country EAsDocuSign Envelope ID: 3AFB2E7B-24CA-4302-92E3-BD77F03B9E612 | P a g edocumentation of expenditure data relevant to biodiversity; (c) lack of systematic measurement and reporting of the negative impacts of finance contributing to biodiversity loss; (d) biodiversity finance needs are imprecise…

Goals

Sustainable Development Goals this project works towards

• 13Climate Action
• 15Life on Land

Published by

United Nations Development Programme · Multilateral

Countries

Albania

Sectors

Energy generation, renewable sources - multiple technologiesBiodiversity

Funded by

Global Environment Fund Truste

Implemented by

UNDP

Accountable

UNITED NATIONS DEVELOPMENT PROGRAMME

Published by United Nations Development Programme to the International Aid Transparency Initiative (IATI), last updated 5 Oct 2026 and imported automatically. IATI identifier: XM-DAC-41114-PROJECT-01001908.

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