Developing nations face a challenging dilemma to determine how they should balance their economic prosperity against biodiversity protection. A sustainable development plan with proper environmental protection policies helps reach this goal.

1. Policies for Sustainable Development
Democratic leaders of government institutions need to incorporate environmental sustainability principles into their national economic plans. A combination of strengthening supportive policies focused on green infrastructure and eco-tourism and sustainable agriculture produces economic development alongside biodiversity protection.

2. Rewarding Conservation Efforts
Through PES the nations should offer financial compensation to local groups and industries to preserve their forests wetlands and animal habitations. Through carbon credit programs companies gain access to hard foreign currency by preserving their natural resources.

3. Promotion of green technology
An expedited economic development process will lead to less subsequent environment degradation. Every government in every nation must stand as support for their people and international organizations to supply needed funds and tools.

4. Legal Enforcement
Strict environmental regulations combined with elevated protected zones and active deforestation compliance frameworks provide long-term sustainability for preserving biodiversity. Strategic programs that include penalization systems against all unlawful forest extraction practices will prove essential.

5. Community Involvement and Local Knowledge. Local as well as indigenous communities involved in conservation efforts help ensure long-term sustainability. The knowledge of people in their local environment maintains ecological balance giving rise to locally managed conservation programs which create job opportunities for the community members.

6. International Cooperation and Financing
Developed countries with support from the international community need to provide financial assistance as well as technological resources and expertise for developing countries to implement sustainable economic development plans. Financial shortfalls can be resolved thanks to the **UN Biodiversity Fund.