Presentation on strategic policy directions for ensuing BIOFIN phase

Abstract

Indian Institute of Management Bangalore (IIM-B) will host the Biodiversity Finance Plan International Workshop on ‘Sustainable Production and Consumption and Novel Economic Instruments for Biodiversity Conservation’, on November 17 and 18 at Classroom N001, IIM-B.

The workshop is being led by Prof. A Damodaran, Department of Industrial Policy and Promotion’s IPR Chair at IIM Bangalore. Prof. Damodaran was a member of the high level panel of the Convention on Biological Diversity on Biodiversity financing strategy that highlighted the importance of the Biodiversity financing initiative that since then taken off in the shape of the global Biofin Project.

Participants in the workshop will include representatives of BIOFIN member countries, international organisations, academics and policy makers dealing with issues relevant to the theme of the workshop. It is envisaged that the deliberations of the workshop would result in providing strategic policy direction for the preparation of an effective Biodiversity Finance Plan.

The five main sessions of the workshop will include:

~ Overview Session: BIOFIN, Novel Economic Instruments and Sustainable Production and Consumption

~ Current Economic Instruments Utilised in BIOFIN Countries

~ Landscape or Biome-based Approaches to Biodiversity Conservation - The State of Art

~ Market Access Instruments to Enhance Sustainable Production and Consumption, and

~ Mainstreaming Development Programmes for Sustainable Production and Consumption.

The international workshop is being organised under the auspices of the Ministry of Environment, Forest and Climate Change (MOEFCC) in partnership with the Convention on Biological Diversity, Montreal, BIOFIN Global, the National Biodiversity Authority, the UNDP and Indian Institute of Management Bangalore. The workshop seeks to address the following issues: how biodiversity finance solutions can contribute to sustainable consumption and production, and what the main biodiversity finance solutions are, that have demonstrated a positive impact on sustainable consumption and production.

The workshop will feature several international experts, including the liked of Dr. Rathin Roy, Member, Economic Advisory Council & Director, National Institute of Public Finance and Policy (NIPFP), Markus Lehmann, Convention on Biological Diversity (CBD), Montreal and Verena Linneweber, Deputy Country Director, United Nations Development ProgramProfessor G. Raghuram, Director, IIM Bangalore, will also deliver a special address.