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Which of the following statements is/are correct about the Biodiversity Finance Initiative? 1. It is for addressing the challenges of financing biodiversity initiative in a comprehensive manner. 2. It was launched by IUCN. 3. National Biodiversity Authority is an implementing body in India.

Which of the following statements is/are correct about the Biodiversity Finance Initiative? 1. It is for addressing the challenges of financing biodiversity initiative in a comprehensive manner. 2. It was launched by IUCN. 3. National Biodiversity Authority is an implementing body in India. Correct Answer 1 and 3 only

The correct answer is option is 2, i.e. 1 and 3 only.

Biodiversity Finance Initiative is a global partnership for addressing global biodiversity finance challenges.

  • It provides an innovative methodology for countries to measure their current biodiversity expenditure and identify the most suitable finance solution to fill the gaps.
  • United Nations Development Programme (UNDP) launched the Biodiversity Finance Initiative (BIOFIN) in October 2012 as a partnership to address financial challenges and increase the investment in the management of ecosystem and biodiversity. Hence, Statement 2 is NOT correct.
  • It is managed by UNDP with the European Union and government of Germany and Switzerland.
  • India is also a member of this initiative.
    • Ministry of Environment, Forest and Climate Change has identified National Biodiversity Authority as the implementing body in India.

Related Questions

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