Indonesia’s Forestry Ministry is pushing to strengthen biodiversity conservation financing through the Indonesia Biodiversity Fund (IBioFund), a collaborative mechanism to raise and expand sources of funding for sustainable nature protection. The move was announced by Haruni Krisnawati, senior adviser to the forestry minister on climate change, who was a keynote speaker at a session titled “Building Indonesia’s Biodiversity Fund: A Collaborative Path to Financing Conservation at Scale” at the Indonesia Pavilion during the 31st UN Climate Change Conference (COP31) in Antalya on Friday.
Speaking at the session, Haruni stressed that biodiversity loss is an increasingly urgent global challenge. According to a study by the Intergovernmental Science-Policy Platform on Biodiversity and Ecosystem Services (IPBES), around 1 million species worldwide face the risk of extinction. The situation not only threatens the sustainability of nature but also affects human well-being and sustainable development.
“Closing the biodiversity financing gap requires not only more funds, but also smarter and more sustainable financing mechanisms that can align conservation with development,” Haruni said.
As one of the world’s most biodiverse countries, Indonesia bears a great responsibility to protect its forests, peatlands, mangroves and other natural ecosystems. These ecosystems are not only habitats for numerous species but also play a vital role in regulating the climate, maintaining ecological resilience and supporting the livelihoods of millions of people.
To address long-term financing needs, Indonesia launched IBioFund on June 3, 2025, as an initiative of the Forestry Ministry, the Environment Fund Management Agency (BPDLH) and the Finance Ministry. The mechanism is designed to raise and channel funds from various sources, including grants, endowment funds, direct investment and capital market instruments that meet environmental and social standards.
