Paving the Way to Accelerate Private Finance Contribution to International Targets
The increasing destruction of natural places, especially forests, has become a global economic systemic danger. To cover the trillion funding gap between now and 2050, structural adjustments are required, not only by rebuilding more sustainably in the aftermath of the Covid-19 pandemic, but also by repurposing detrimental agriculture and fossil fuel subsidies and generating additional economic and regulatory incentives. Investing in nature benefits human, animal, and planetary health, raises living standards, and provides jobs. Investors, developers, market infrastructure makers, customers, and beneficiaries can all play a role in developing a market in which nature-based solutions access new revenue streams, boost commercial activity resilience, lower costs, or contribute to reputation and purpose. Companies and financial institutions must get more involved in the solution by sharing risk and committing to expanding finance and investment in nature-based solutions in an ambitious and time-bound manner. While investments in nature-based solutions cannot replace deep decarbonization of all sectors of the economy, they can help accelerate and scale up climate change mitigation and adaptation. Fast pacing private investment in nature is imperative, so where do we start? Channelling private finance into conservation has always been the Ariadne’s thread of the IUCN’s Blue Natural Capital Financing Facility (BNCFF), which offers project development support in that regard. Join this session to hear what makes BNCFF approach successful, how it can emulate similar efforts by listening to project developers, regranting mechanism managers and other partners alike.
