Home » Resource Database Report How Can Biodiversity Finance Plans Support NBSAPs?Read the report (How Can Biodiversity Finance Plans Support NBSAPs?)(This link will take you to an external website) About this Report UNDP & BIOFIN | March 2024 At CBD COP 15 in 2022, countries agreed to update their National Biodiversity Strategy and Action Plans (NBSAPs) and develop national Biodiversity Finance Plans (BFPs). NBSAPs provide the basic policy framework for implementing the CBD at the national level, while BFPs aim to close the biodiversity financing gap. This report briefly explains these mechanisms, their complementarity, and provides guidance on their joint development to enhance their impact. The NBSAPs serve as the basic policy framework for the implementation of the CBD at the national level and BFPs aim to close the biodiversity financing gap and support efforts to achieve the NBSAP targets. This report provides a brief overview of the two policy mechanisms, emphasizes their complementarity and guides their joint development to deepen their impact. Download the report. Read the report (How Can Biodiversity Finance Plans Support NBSAPs?)(This link will take you to an external website)