Financial Reporting Framework: Reporting on baseline and progress towards 2015
published:
15 Feb 2016
Republic of Korea
Focal point for resource mobilization
2016-02-15
1.1 Please indicate the amount of resources provided by your country in support of biodiversity in developing countries, in particular least developed countries and small island developing States, as well as countries with economies in transition.
Please indicate, as appropriate, the nominal amount of financial resources provided by source as well as the total amount. Please also indicate your degree of confidence in the estimated amount or, alternatively, provide a range of estimates.
United States Dollar (USD)
in thousands
| Year | ODA | OOF | Other flows | Total |
|---|---|---|---|---|
| 2007 | 3,178 | 3,178 | ||
| 2008 | 7,420 | 7,420 | ||
| 2009 | 13,810 | 13,810 | ||
| 2010 | 28,723 | 28,723 | ||
| Average (baseline) | 13,283 | 0 | 0 | 13,283 |
- Bilateral
Disbursements
- Directly related
- Indirectly related
OECD DAC Rio markers
100%
High
There is no relevant data for the period 2006, since 'Rio makers' has been introduced in 2007.
| Year | ODA | OOF | Other flows | Total |
|---|---|---|---|---|
| 2011 | 17,209 | 17,209 | ||
| 2012 | 9,539 | 9,539 | ||
| 2013 | 19,504 | 19,504 |
Methodological information:
High
- Some measures taken
Private Sector’s contribution was not clearly identified due to the deficiency of data. However, there are some cases of encouraging the private sector to provide international support. One example is the Great Green Wall Project by Future Forest, under which trees have been planted in the northern part of China to combat desertification since 2006.
Some inclusion achieved
Most of development plans and projects have to be reviewed under the Environmental Impact Assessment (EIA) Law. Biodiversity conservation and impact mitigation are regarded as the most essential part of EIA, therefore, the Korean Government has developed the biodiversity evaluation tools such as the Ecological Zoning Map (EZM). Using the EZM is compulsory in EIA since 2007.
- Some assessments undertaken
Korean scientists have been working for the evaluation of ecosystem services for many years. There are several government-aided research institutes for it, such as Korea Environment Institute, National Institute of Forest Science, Korea National Park Research Institute, and so on. Particularly, National Institute of Ecology has been working on National Ecosystem Assessment, which is scheduled to be finalized in 2019.
Korea (South) Won (KRW)
in millions
| Year | Domestic expenditures | Overall confidence |
|---|---|---|
| 2006 | 1,561,406 | High |
| 2007 | 1,806,237 | High |
| 2008 | 1,815,209 | High |
| 2009 | 2,374,840 | High |
| 2010 | 2,364,610 | High |
| 2011 | 2,418,641 | High |
| 2012 | 2,688,248 | High |
| 2013 | 2,918,769 | High |
| Average | 2,243,495 | High |
| Numbers above cover | Expenditures directly related to biodiversity | Expenditures indirectly related to biodiversity |
|---|---|---|
| Government budgets – central | Yes |
Yes |
| Government budgets – state/provincial | Yes |
Yes |
| Government budgets – local/municipal | Yes |
Yes |
Expenditure data are retrieved from EPER(Environmental Protection Expenditure and Revenues) database.
No such assessment necessary
Please indicate your annual estimated funding need (for instance, based on your revised NBSAP) and calculate the estimated funding gap by subtracting estimated available resources. Indicate actions for priority funding.
Please start with the year which is most appropriate for your own planning purposes.
Korea (South) Won (KRW)
in millions
Please provide a brief synthesis of your finance plan, by indicating, in the table below, your planned resource mobilization, by source, and their respective planned contributions towards your identified finance gap.
Korea (South) Won (KRW)
in millions
- Some measures taken
The Korean Government has enacted several biodiversity-related acts since 1990s. These acts include the Natural Environmental Conservation Act (enacted in 1991), the National Trust Act on Cultural Heritage and Natural Environmental Asset (enacted in 2006), and the Act of Conservation and Use of Biodiversity (enacted in 2012). Under these Acts, the Korean Government has supported the private sector financially or non-financially for the implementation of National Biodiversity Strategy.
Yes
No
No
