Scaling Climate Finance: Biodiversity Finance Instruments

The Lab’s second concept paper, Scaling Climate Finance: Biodiversity Finance Instruments, proposes five innovative instruments, each ranked with respect to impact strategy and additionality.

The paper analyses a Hauraki Gulf blue bond, debt-for-nature swaps, Paradise bonds, a regional biodiversity fund and biodiversity notes. 


Each concept was developed by reviewing international innovations, adapting promising structures to the unique local context of Aotearoa New Zealand, and conducting workshops and reviews with sector experts and government observers to test, refine and validate the structure.


The paper also identifies relevant indicators for impact assessment, such as IRIS metrics, and potential changes to the enabling environment that could help to improve the viability of the instruments.