Join BIOFIN for the Finance for Nature Podcast. Meet experts from around the globe working on finance solutions aimed at conserving biodiversity and ecosystems. The Biodiversity Finance Initiative – BIOFIN, is a global partnership, that seeks to address the biodiversity finance challenge in a comprehensive manner – building a sound business case for increased investment in the management of ecosystems and biodiversity. BIOFIN is managed by UNDP and funded by the Governments of Flanders, Germany, Switzerland, Sweden and Norway.
In this episode of the Finance for Nature Podcast we meet Dwi Irianti Hardiningdyah, the Director of Islamic Financing at the Directorate General of Budget Financing and Risk Management, Ministry of Finance, the Republic of Indonesia. She discusses the development of the Green Sukuk in Indonesia. The Green Sukuk is an Islamic bond structured in a way that the investment is used to finance projects that comply both with certain Islamic values and green or sustainable criteria. The proceeds are used to finance and refinance eligible green projects including renewable energy, energy efficiency, sustainable building and natural resource management, among others. These innovative financial instruments are used to fund a specific environmentally sustainable infrastructure project. Green Sukuk is in line with the rising trend of green bonds that have been introduced globally to facilitate and promote sustainable and responsible investing.
In this episode of the Finance for Nature Podcast we head to the annual BIOFIN Regional Dialogue for Europe, Asia and Pacific held in late September 2019. We are joined by Mabel Niala from the fintech company, GCash in the Philippines and Anabelle Plantilla, the national coordinator of BIOFIN in the Philippines to discuss the CSR initiative, GCash Forests initiative, which is using a mobile money app to engage users in the Philippines to take steps to be more environmentally friendly and earn points through their app to plant a virtual tree. These virtual trees once earned will be planted for the restoration of the Ipo watershed, which provides much of the water for the Philippines Capital Manilla.
GCash Forests is a partnership between GCash, BIOFIN and WWF.
Launched in 2012, the Biodiversity Finance Initiative – BIOFIN, is a global partnership, that seeks to address the biodiversity finance challenge in a comprehensive manner – building a sound business case for increased investment in the management of ecosystems and biodiversity, with a particular focus on the needs and transformational opportunities at the national level. Phase II of BIOFIN, (2018-2022) is implemented in partnership with the Governments of Flanders, Germany, Switzerland, Sweden and Norway. For more information, please visit: www.biodiversityfinance.org