Business innovation ecosystem and public incentives to streamline forest landscape restoration in Latin America
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Currently, there are 210 million hectares committed by 74 countries States and associations to the Bonn Challenge, through regional initiatives (e.g., Initiative 20x20, AFR100) to restore degraded landscapes around the world. Many governments have developed robust plans and strategies to prioritize areas for restoration under multiple environmental, social, and economic objectives. But once these processes are finished, restoration often stalls. Why?
The implementation of restoration requires financial resources from the public and private sectors in a coordinated effort to implement the desired activities and materialize expected results. To ensure additionality and the permanence of restoration, these activities must generate multiple benefits to the landowners and do not have to come at the expense of the degradation. Landowners could be communities, individuals, or companies. In many countries, resources from the public sector are scarce, which makes difficult the implementation of sustainable practices and investments. On the other hand, the private sector faces many barriers related to the long-term nature of investments in restoration, the high levels of perceived risks, and the difficulties in finding bankable projects with landowner aggregation. To overcome some of those barriers, various practical experiences in public and private finance are showing the path to a sustainable future that would make possible the restoration at the scale required by the climate change challenges and in response to global initiatives such as the United Nations Decade on Ecosystem Restoration 2021-2030. In this presentation we will introduce the different components of the innovation ecosystem, we will list the challenges and limitation, and analyze the effectiveness of public incentives in promoting investments in restoration.
Keywords: Innovation, Landscape management, financial mechanisms, Value chain, Economic Development.
ID: 3487339