Meeting global commitments on protecting and restoring biodiversity will require innovative funding approaches. This report by the Institute for European Environmental Policy (IEEP) and partners compared the use of novel funding mechanisms for biodiversity conservation in the EU and Mexico.  Special attention was given to payments for environmental / ecosystem services (PES), biodiversity offsetting, environmental fiscal instruments, and private sector and impact investment. The study also provides examples of best practice from the EU and Mexico which could be applied to the other region.  The report is available to download on the IEEP website.