ENB:09:06
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ESTIMATING FUNDING NEEDS:
Referring to Article 21, paragraph
1, which states that the COP should determine the amount of
resources needed for developing countries to implement to the
Convention, the Chair asked delegates for relevant ideas on how to
estimate funding needs. He explained that these comments would help
the Secretariat to prepare a document on this matter for the next
meeting. Mexico suggested working from the figure of US$3.5 billion
found in the biological diversity chapter in Agenda 21 and then
asked the Secretariat to determine the methodology used to arrive
at this figure and other possible methods of assessing necessary
funding needs. Belgium stated that financial needs can only be
calculated based on a knowledge of country strategies. Brazil noted
the intrinsic relationship between incremental costs and the volume
of resources available. He also suggested that the Secretariat
study the financial benefits to developed countries from the
utilization of biodiversity in order to help develop the
relationship to the amount of funds that could be transferred to
developing countries for the purposes of the Convention.
The Working Group agreed in its report to recommend that the
Secretariat should be requested to prepare for submission to the
Committee at its next session a study on the various methodologies
used in reaching the figure for financial resources needed to fund
multilateral biodiversity assistance between 1993 and 2000
contained in Agenda 21.