Abstract
This chapter delves into the pivotal role of biodiversity and its finance in securing the Sustainable Development Goals (SDGs). The emphasis is on the Democratic Republic of the Congo (DRC), a biodiversity hot spot facing accelerating grand challenges of deforestation and habitat loss. The potential of contributing to SDG 15 is examined, in view of new global commitments. An overview of biodiversity finance highlights the significance of payment for ecosystem services (PES) as a mechanism for incentivizing sustainable land management practices and biodiversity conservation in the Global South.
Drawing upon global and local examples, the chapter underscores the potential of PES in promoting economic development while safeguarding ecosystems, but also its shortcomings. Through a literature review of PES success factors and the identification and examination of national PES initiatives, the chapter highlights both the opportunities and challenges associated with implementing such programs in the Global South.
