Regional Workshop on Biodiversity and Finance

At the first regional workshop on the strategy for resource mobilidatin in support of the Nagoya Outcome following CBD COP10, the idea of Green Development Initiative (GDI) — as a follow-on to the GDM 2010 Initiative — was proposed and discussed. The response was positive and GDI was included in the outcome statement of the workshop:

“The potentials of innovative financial mechanisms are recognized in the Arab region. National and regional workshops should be organized to promote better understanding of the concepts of innovative financial mechanisms and explore possible modalities of application and identify actions on payment for ecosystem services, biodiversity offset mechanisms, markets for green products, green development initiative, environmental fiscal reforms, carbon financing schemes, new and innovative sources of international development finance.”

 Earthmind which hosts the GDI Secretariat also presented the keynote talk on innovative financial mechanisms. This presentation and other relevant documentation follows: