Financial constraints are the principal obstacle to conserving a significant share of biodiversity on Earth and leaving a vital legacy for future generations, especially in developing countries, where much of the world’s biodiversity is found. Today, many protected areas in these regions have insufficient or no financial resources to secure their efficient management. In fact, just 19% of the world’s annual spending on protected areas is allocated to developing countries. And this funding is often short-term, project-based, and inadequate to cover investments and recurrent costs. This funding gap is a major barrier to effective biodiversity conservation in the Global South.
A large portion of globally significant biodiversity is found in a relatively small number of places. Current financing approaches are not mobilising and coordinating enough funding from different sources to ensure that these important focal points for biodiversity conservation are sustainably managed. By financing lasting partnerships dedicated to effectively managing these outstanding legacy landscapes, while respecting the human rights and needs of local people, we can conserve a significant share of the Earth’s precious biodiversity.
The Fund is a learning organisation. Key resource persons from civil society, the private sector, and development partners, as well as representatives of potential partner countries, are invited to help establish a learning community and support LLF’s mission in line with experience and best practices.