UNDP-BIOFIN Webinar – Launch of The Nature of Subsidies: A step-by-step guide to repurpose subsidies harmful to biodiversity and improve their impacts on people and nature

This webinar will focus on a step-by-step guide to repurpose subsidies harmful to biodiversity. Specifically, participants will learn how to identify harmful subsidies and understand their impact on nature, societies and fiscal systems.

Organizers:



 Languages: English, Spanish and French
Date: 25 January 2024. Click on your preferred language above to view the schedule in other languages.
Sessions: 1 session
Commitment: 90 min


Nearly 1 million species are at risk of extinction because of human activity. It is time to ensure that efforts help reverse and not accelerate the looming planetary crises – climate change and nature loss – while also boosting sustainable job opportunities for communities.

Increasing evidence demonstrates that well-intended subsidies and government support that target socio-economic goals (food security, energy security, etc.) may have unintended negative and costly effects on the environment, including biodiversity.

Countries have taken little action to redirect finances from environmentally harmful subsidies by reducing or redesigning them.

To facilitate this process and support the implementation of the global biodiversity framework of the coming decade, the Biodiversity Finance Initiative (BIOFIN) of United Nations Development Programme (UNDP) has developed step-by-step guidelines to examine, repurpose and monitor major subsidies to make them fiscally responsible and nature-positive. These guidelines are providing guidance for countries to:

  • Identify and assess subsidies and government support that are likely to be having a harmful impact on nature, and where possible, quantify the extent of the negative impact and the cost of the subsidy.
  • Define multiple redesign options through a multidimensional analysis that adequately weighs social, gender equality, environmental, economic and political economy concerns throughout the re-design and transition process.
  • Develop action plans to redesign prioritized subsidies, outlining multiple scenarios.

Implement the action plans to redesign subsidies in order to reduce their negative impacts on nature while also reducing other negative impacts and enhancing positive attributes for all of the SDGs.

Webinar objectives

  • Learn how to identify harmful subsidies.
  • Understand their impacts on our nature, societies, and fiscal systems.
  • Explore sustainable alternatives.
  • Connect with experts and activists in the field.

Sessions

The webinar was offered in English with live translation in Spanish and French. Webinar recordings will be available in the BIOFIN YouTube Channel and on this page.

Webinar agenda

Length of the presentation  Presentation Presenter
5 min Welcome and Logistics Ms. Tracey Cumming (BIOFIN Global)
35 min Panel discussions on Global Overview Facilitator: Ms. Tracey Cumming (BIOFIN Global)

Speakers:

  • Midori (Director, UNDP- Nature Hub)
  • Mr Will Symes, (OECD Policy Analyst in the Trade and Agriculture Directorate)
  • Mr Farooq Ullah (Senior Policy Advisor and Lead - IISD
  • Mr Herve Barois (Senior Technical Advisor UNDP BIOFIN)
40 min Panel discussions on Country examples Facilitator: Ms. Tracey Cumming (BIOFIN Global)

Speakers:

  • Mr Temir Burzhubaev BIOFIN Technical lead Kyrgyzstan
  • Ms. Kebaabetswe Keoagile, BIOFIN Technical lead, Botswana
  • Mr Juan Pablo Bustamante, Vice president of Sustainability of the Financial Fund for the Agricultural Sector - Finagro, Colombia
5 min Plenary Reflections Facilitator: Ms. Tracey Cumming (BIOFIN Global)
5 min Videos Videos BIOFIN – The Nature of Subsidies

Questions?

For more information or if you have any questions, please contact Alexis Legigand at alexis.legigand@undp.org.

Not Enrolled
Stand-alone webinar

Course Includes

  • 2 Modules
  • 6 Activities