NT18. International contribution

18 Resource mobilization

Increase the financial resources related to the implementation of the National Biodiversity Strategy and further promote positive incentives such as payment for ecosystem services and green bonds.

Action plan tasks

  • 18-1Lay the foundation to scale up biodiversity financing
    • Undertaking a study on financial mobilization measures for the NBSAP

    • ㅇ Conduct a study on measures to mobilize financial resources for the NBSAP from 2025 by analyzing biodiversity expenditures and financing needs, including a review of the flow of financing related to biodiversity at the national level, biodiversity financing needs and plans to raise the needed funds, and financial contributions to developing countries.
    • Stimulating innovative schemes for financial mobilization

    • ㅇ Continue to support the issuance of green bonds to galvanize green financing in the private sector by conducting research on preparing a loan plan for the Green Taxonomy of the ROK in 2024 and carrying out a pilot loan project in collaboration with the financial industry.

      ㅇ Facilitate the expansion of infrastructure investment by companies related to nature such as water quality and water basin management, taking into consideration that the estimated flow to natural infrastructure in 2019 was US$ 26.9 billion per year, which has a potential to more than quadruple to US$ 104.7–138.6 billion per year by 2030, according to the 2020 Paulson Institute report.
    • Performing research on biodiversity-related financing schemes

    • ㅇ Study trends in international discussions on methods, assessment and feedback systems for analyzing the impacts of government and private policies and projects on biodiversity (e.g., France's green budgeting system, including its six environmental goals).

Indicators