National Target
published:
15 Oct 2020
National Target 19: By 2020, at the latest, the mobilization of financial resources for an effective implementation of NBSAP from all potential sources, and in accordance with agreed process in the strategy for resource mobilization, is reinforced and increased substantially from the current levels.
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Rwanda
Funding for Biodiversity conservation has been inadequate for implementing proposed environmental activities in different sectors. The major sources of financing biodiversity conservation have been Government, development partners, and some international NGOs. Part of the reason why funding levels have been low is due to lack of a holistic approach to financing biodiversity conservation that takes into consideration the potential of biodiversity in poverty reduction, economic development, health, and sanitation among others. There is also a need to diversify funding sources such as bringing on board the private sector as well as exploring other mechanisms such as the Payment for ecosystem service (PES) and carbon trading.
National / Federal
Aichi-T20. Resource mobilization
Aichi-T1. Awareness of biodiversity values
Aichi-T2. Integration of biodiversity values
Aichi-T3. Incentives
Aichi-T4. Use of natural resources
Aichi-T5. Loss of habitats
Aichi-T6. Sustainable fisheries
Aichi-T8. Pollution
Aichi-T9. Invasive Alien Species
Aichi-T10. Vulnerable ecosystems
Aichi-T11. Protected areas
Aichi-T12. Preventing extinctions
Aichi-T13. Agricultural biodiversity
Aichi-T14. Essential ecosystem services
Aichi-T15. Ecosystem resilience
Aichi-T16. Nagoya Protocol on ABS
Aichi-T17. NBSAPs
Aichi-T18. Traditional knowledge
Aichi-T19. Biodiversity knowledge
Exploration and expansion of more financing mechanisms are key for the successful implementation of the NBSAP. In addition, getting the Government to increase funding for implementing the NBSAP is also critical. To achieve this, there was a need to develop the resource mobilization capacity of various agencies as well as their ability to utilize available financial resources in a transparent manner that ensures value for money and gives confidence to the funders. The Resource Mobilization Plan in the NBSAP has provided direction as to how this national target is to be achieved.
