Peru is one of the world’s most biodiverse countries, with the second largest Amazon forest on the planet, home to a diverse range of flora and fauna.

This ecosystem is seriously impacted by agricultural frontier advancement and expansion, logging for energy purposes, mining exploitation and contamination.

Overexploitation of natural renewable resources has been identified as one of the major threats to biodiversity. Yet, the country has huge marketing potential for biodiversity products and services if these are used sustainably.

In 2013, Peru joined the global BIOFIN partnership to analyze and define financing mechanisms for biodiversity conservation and ecosystem maintenance services. As part of this support, the National Biodiversity Strategy and Action Plan (NBSAP) has been updated. Along with the inclusion of local and sub-national governments in the NBSAP, transparency and accountability for effective review mechanisms have been identified as a priority by the government.

However, harmful incentives to biodiversity still need to be deeply mapped.

Based on the results of the BIOFIN project studies and in partnership with the Ministry of Environment in Peru (MINAM), our project is exploring ways to support the necessary steps to involve the private sector and subnational and local governments in the implementation of the new agreement for nature.

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