Lead country
New York - GEF
Participating countries
Regional
Project status
Closure
Implementing period
From March 11, 2016 to November 18, 2020
Project ID: 5382
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Technical team
- Ecosystems and Biodiversity Programme
Technical area(s)
- Ecosystem management and restoration
- Strengthening conservation areas
Sub-area(s)
- Biodiversity financing
- Wildlife conservation
Landscape(s)
- Conserved areas
Sub-landscape(s)
- Key biodiversity areas (KBAs)
Transformed sector(s)
- Other sectors
UNDP role(s)
- Policy advice
- Thought leadership
- Convening / Partnerships / Knowledge Sharing
Strategy
- Management operation
- Governance
- Finance economy
Sub-strategy
- Management effectiveness (METT)
- Wildlife and habitat conservation
- Partnerships
- Inter-sectoral coordination
- Nature finance
- New/other financial schemes/mechanism
- Awareness raising
Social inclusion
- Private sector
Gender equality
N/A
Gender result effectiveness scale
- Gender responsive
Pathway(s)
- Systems pathway
Risk reduction target(s)
- Reduce exposure
- Improve resilience
SDG target(s)
- 15.a Mobilize resources for biodiversity conservation, sustainable use
- 15.7 End wildlife poaching, illegal species trafficking
Conventions and protocols
- Convention on Biological Diversity (CBD)
- National Biodiversity Strategies and Action Plans (NBSAPs)
Private sector(s)
N/A
Hot topic
- Public-private partnership
About this project
Description
This project addresses the global environmental problem of the illegal hunting and poaching of rhinoceros and the resulting risks to rhinoceros population growth and persistence. The main threat to rhinoceros conservation is caused by the increasing demand and very high prices being paid for rhinoceros horn, which fuels escalating poaching. In Vietnam, retail prices of USD 50,000 to USD 65,000 per kg have been quoted in the media, which is higher than the price of gold. Demand for illegal wildlife products is reportedly increasing in Southeast Asia due in part to the region's economic boom and resulting affluence . Vietnam imported USD 10 billion worth of luxury products in 2010 and the current trade in rhinoceros horn reflects this new consumption pattern. The demand for rhinoceros horn in Vietnam will continue to rise as its economy grows and more people can afford this high-status commodity.
Objectives
To demonstrate a scalable outcomes-based financing mechanism that directs additional private and public sector funds to improve management effectiveness of priority rhino populations.
USD $1,821,500
Grant amount
USD $6,414,000
Leveraged amount (co-financing)
1
Source(s) of fund
Sources of fund
- Global Environment Facility – Trust Fund ($1,821,500)
Implementing partner(s)
- The Zoological Society of London
Project metrics
Related resources
Geospatial information
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Project reports and documentation