Nyungwe National Park is globally recognized for its conservation value as the largest protected mountain forest block remaining in east and central Africa. It is also a major catchment for the nation of Rwanda, providing most of its water for drinking, manufacturing), and hydro-electricity generation. WCS has been working with the Government of Rwanda to:
Assess biodiversity finance environment
COMACO works with over 80,000 households in Zambia's Luangwa Valley and Eastern Province. It provides them with agricultural inputs (e.g. seeds, tools), training in conservation farming techniques, commodity transport and processing, and access to wholesale and retail markets under COMACO's "It's Wild" brand. Households achieve improved food security, increased incomes, and are incentivized through conditional price premiums and extensions assistance to conserve soils, water, forests, and wildlife.
Estimating the funding required for biodiversity conservation in general, and protected area management in particular, is a formidable challenge on account of multitude of interrelated issues and the wide range of stakeholders involved. The issue of ‘scale’ has an overriding significance. It is relatively simpler to estimate funding requirements for a single protected area, and much more complicated for estimating funding requirements for the entire protected area network.
The Global Conservation Fund (GCF), at Conservation International, finances the creation, expansion and long-term management of priority areas for conservation. Made possible by a grant from the Gordon and Betty Moore Foundation, the GCF has catalyzed more than US$ 200 million for protected area conservation. GCF investments have resulted in the creation and/or expansion of 77 protected areas, resulting in conservation of more than 80 million hectares (197 million acres) around the world.
Protected areas, and the ecosystems and biodiversity within, provide many benefits for people. This includes protecting biodiversity’s intrinsic values, but also safeguarding the benefits people gain from them, such as the provision and regulation of water sources, and the climate benefits of stored carbon. Consequently, protected areas are now acknowledged as an important component of sustainable development. It is imperative to track and monitor networks of protected areas and their surroundings to ensure sustainable management of landscapes and seascapes.
Protected areas in South Africa present one of the best opportunities for economic development, especially for local communities living around them. It is understood that protected area wildlife based tourism initiatives contribute more than R2 billion to South Africa’s GDP. The solution is to create a guaranteed business opportunity for the locals through linkages of SMMEs with procurement revenue of a PA. The strategy is to assist PAs to identify goods and services and ring-fence procurement revenue for qualifying local SMMEs.
Under-funding of protected areas is a universal challenge. The UNDP supported GEF financed project “Strengthening Governance and Financial Sustainability of the National Protected Area System” sought to improve the financial sustainability of the Ukraine’s national protected area system. To do this, the project: a) developed a comprehensive national strategy for protected area financing, b) introduced business planning for protected areas and piloted options for PA revenue generation.