This document summarizes Armida Andres' presentation on estimating finance needs and developing effective biodiversity finance plans from a Philippine perspective. It discusses how the BIOFIN methodology was used to cost the actions in the Philippine Biodiversity Strategy and Action Plan (PBSAP) over 2013-2028. This facilitated analysis to better implement the PBSAP and inform conservation policies, financing, and investment choices. The costing helped secure $10 million for the government's coastal program in 2018. The process involved stakeholders and produced messaging targeting various sectors. The iterative costing of the PBSAP through BIOFIN emerged as a best practice for transformation.

1. ESTIMATING FINANCE
NEEDS AND DEVELOPING
EFFECTIVE BIODIVERSITY
FINANCE PLANS
A Philippine Perspective
O ECD BI O F I N VI RTUAL CO NFERENCE SESSI O N 4
by Armida Andres
Assistant Director, Bioidiversity Management
Bureau
Department of Environment and Natural
Resources

2. Helps in better implementation of the
Philippine Biodiversity Strategy and
Action Plan (PBSAP)
Aids in
decision-making for a better business case for conservation
policies, financing and investment choices
FNA as a tool for
transformation

3. for a total of 113 actions
Activity-based
cost accounting
approach
Analyse
BIOFIN
methodology
vis-à-vis
PBSAP results
PRE-WORK
Refine PBSAP
actions
Design costing
templates
Tag
Aichi targets
vis-a-vis
PBSAP
strategies
Do desk
research on
cost
assumptions
Formulate
cost
assumptions
per action
Vet results with
concerned
offices

4. worth of budget was secured for the
government’s coastal program in
2018, which was formulated based
on the PBSAP costing
Estimated cost of implementing PBSAP (2015-2028) according to categories of Aichi
Targets, in USD (low)
DIRECT RESULTS
USD 10M
was heavily influenced by results
from the costing
MESSAGING
were developed targeting public
and private sectors, local
government units and the citizenry
FINANCE SOLUTIONS
of the BIOFIN methodology
emerged as an opportunity showing
that iterative costing component of
NBSAPs is abest practice.
LOCALIZATION

5. INCLUSIVENESS
The process involved multi-
sectoral representatives
PROCESS CHAMPIONS
DENR took on the leadership
role enabling it to issue a
policy adopting the PBSAP
and was later reinforced by
GAA provision on biodiversity
REGULAR
feeDBACK ON THE
PROCESS AND ITS
RESULTS
At least 2-3 feedbacking
workshops were conducted
among stakeholders
GOOD
PRACTICES

6. LOCALIZATION OF
PBSAP AND FNA
Reinforces bottom-up
planning allowing local
governments and the DENR
regional offices to priorioritize
biodiversity programs based
on their needs and capacities
MEASURABLE AND
REALISTIC NATIONAL
BIODIVERSITY TARGETS
Helpful in accurately
estimating finance needs and
determining the level of
ambition of a country in terms
of addressing
biodiversity threats
GOOD
PRACTICES
USE OF ACTIVITY-BASED
COSTING
Allowed for strategic
prioritization, minimized
double counting and
overlapping of activities, and
encouraged partnerships

7. For inquiries, contact:
adirector@bmb.gov.ph
biofin.ph@undp.org
THANK YOU