BIOFIN started in Kazakhstan at the end of 2013. UNDP implements BIOFIN in Kazakhstan jointly with the Forestry and Wildlife Committee under the Ministry of Agriculture. Under the project, the National Biodiversity Strategy and Action Plan (NBSAP) was updated and the financial needs for its implementation until 2030 estimated. The project actively cooperates with state authorities, NGOs and the private sector. Project experts are working on improving legal frameworks that affect conservation of biodiversity.
Prioritised Finance Solutions
1. Payments for ecosystem services
2. Biodiversity offsets
3. Positive and negative tax incentives
4. Reduction of subsidies that harm biodiversity
5. Forestry certification
Policy and Institutional Review is the analyses of the political and socio-economic factors leading to changes in biodiversity and ecosystems. The review includes analysis of a wide range of institutions in general across many industries, defining their roles in planning for biodiversity financing, their impact and interdependence with biodiversity, the coherence between the targets and the national biodiversity goals, and the overall capacity level.
Public and private biodiversity expenditure review for 2008-2014 is completed by the project team in 2015. Under the review the amount and efficiency of allocated funds for biodiversity conservation were determined. According to the analysis, the state budget is the only guaranteed source of biodiversity funding. The amount of state budget funds accounted for 86% of total biodiversity funding.
Financial needs assessment for biodiversity conservation in Kazakhstan was completed in 2016. FNA is an assessment of the required expenses to achieve the national goals on biodiversity conservation in Kazakhstan and expected financial gap. According to the assessment, the required budget for the implementation of the national goals is USA 851 million, and the share of the financial deficit from the existing biodiversity financing is more than 55%.
Development of Finance plan is in the process. Technical and informational workshops, meetings and discussions with stakeholders are conducted by project team. Experts are preparing the formulation of the business cases.
Finance solutions are tested in two pilot projects. In the first pilot area located in the south of the country, payments for ecosystem services are being tested. In the second pilot area in the west of Kazakhstan the work is being carried out on introducing biodiversity offsets.