FINANZAS Policy Brief

The document argues that current international financing systems fail to provide the scale, speed, and justice required to address the climate and biodiversity emergencies in Latin America and the Caribbean. It highlights a significant gap between global financial targets—such as the Kunming-Montreal Global Biodiversity Framework and the New Collective Quantified Goal (NCQG)—and the actual resources reaching the region. The brief advocates for a shift toward 'just financing' that prioritizes direct access for indigenous peoples and local communities, reduces capital costs through local currency financing, and replaces harmful subsidies with nature-based solutions. It specifically promotes innovative mechanisms like debt-for-nature swaps, Finance for Permanence (PFP) projects, and the Tropical Forests Forever Fund (TFFF) as pathways to systemic change.

• Global biodiversity financing remains insufficient; official development assistance (ODA) for biodiversity is 23% below the 2025 target of Meta 19a, and funding specifically targeting biodiversity as a primary objective decreased by 17% between 2015 and 2022.
• Climate finance is characterized by a severe imbalance, with 93% of the record USD 1.9 trillion in 2023 global funding directed toward mitigation, while adaptation received only 3.4%.
• Latin America and the Caribbean receives a disproportionately small share of global climate finance, totaling only USD 105 billion (5.5%), indicating that global aggregates do not reflect actual mobilization toward developing countries.
• Regional climate funding is heavily skewed toward energy and transport, with agriculture, forests, and land use receiving only approximately 3% (USD 3 billion) of the flows.
• The document identifies critical barriers to effective financing in the region, including high capital costs, currency exchange exposure, low concessionality, and complex access requirements at multilateral windows.
• The Tropical Forests Forever Fund (TFFF), a Brazil-led initiative for COP30, proposes an initial capital of USD 125 billion and commits at least 20% of resources to indigenous peoples and local communities.
• Debt-for-climate/nature swaps are identified as a high-potential mechanism for improving fiscal sustainability and biodiversity protection, with an estimated mobilization potential of up to USD 100 billion.

APA

Acuña, J. S., García, A. M., Carbajal, A. L., Villanueva, J., Laverde, L. F. F., Rey, M. X. B., & Rivadeneira, M. I. (2024). FINANZAS Policy Brief. Transforma. https://transforma.global/wp-content/uploads/2025/10/Policy-Brief_Finanzas_Transforma_WWF_2025.pdf

Chicago

Acuña, Jimena Solano, Angélica Mateus García, Alejandra López Carbajal, Jessica Villanueva, Luisa Fernanda Forero Laverde, Maria Ximena Barrera Rey, and María Inés Rivadeneira. FINANZAS Policy Brief. Transforma, 2024. https://transforma.global/wp-content/uploads/2025/10/Policy-Brief_Finanzas_Transforma_WWF_2025.pdf.

Wikipedia

{{cite report |last1=Acuña |first1=Jimena Solano |last2=García |first2=Angélica Mateus |last3=Carbajal |first3=Alejandra López |last4=Villanueva |first4=Jessica |last5=Laverde |first5=Luisa Fernanda Forero |last6=Rey |first6=Maria Ximena Barrera |last7=Rivadeneira |first7=María Inés |title=FINANZAS Policy Brief |publisher=Transforma |date=2024 |url=https://transforma.global/wp-content/uploads/2025/10/Policy-Brief_Finanzas_Transforma_WWF_2025.pdf |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{acua2024finanzas, author = {Acuña, Jimena Solano and García, Angélica Mateus and Carbajal, Alejandra López and Villanueva, Jessica and Laverde, Luisa Fernanda Forero and Rey, Maria Ximena Barrera and Rivadeneira, María Inés}, title = {{FINANZAS Policy Brief}}, institution = {Transforma}, year = {2024}, url = {https://transforma.global/wp-content/uploads/2025/10/Policy-Brief_Finanzas_Transforma_WWF_2025.pdf}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }