Case | HBS Case Collection | October 2003

Financing Biodiversity Conservation by the Global Conservation Fund

by Mihir A. Desai and Julia Stevens


The Global Conservation Fund is an international nonprofit organization with a $100 million endowment and an exclusive focus on land preservation. The fund and its director must decide which projects to fund over the next year and what financing mechanism to use. Describes the fund's efforts to develop a rating system for projects and various financing options used by conservation organizations, including debt-for-nature swaps, carbon credits, and conservation trust funds. Teaching purpose: To evaluate alternative projects in a nonprofit setting and to consider alternative financial instruments to advance biodiversity conservation.

Keywords: Financial Instruments; Investment; Management Analysis, Tools, and Techniques; Nonprofit Organizations;


Desai, Mihir A., and Julia Stevens. "Financing Biodiversity Conservation by the Global Conservation Fund." Harvard Business School Case 204-019, October 2003.