Making the most of available finance for forest and landscape restoration
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FAO ;
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To achieve ambitious international forest and landscape restoration (FLR) targets, significant investment is required. Annually, more than USD 36 billion is needed to meet the Bonn Challenge and USD 318 billion to reach land degradation neutrality.<br /> FAO FLRM has been working with in-country partners to provide diverse support for partner financing needs and to develop innovative financing mechanisms to sustainably fund the implementation of restoration activities on the ground. These activities include:<br /> <br /> (i) Capacity building through physical trainings (green finance and the development of bankable projects, ecosystem services valuation, etc.), an active Community of Practice (CoP) for Local Finance for Forest and Landscape Restoration and 3 e-learning courses dedicated to Finance<br /> (ii) Supporting the development of financial plans for FLR implementation to access diverse sources of funding. The plans include for example value chain development, market-based mechanisms such as payments for ecosystem services (PES) as well as supporting the operationalization of national forest funds (NFFs) and public–private partnerships for FLR investment. The plans include different types of financing to ensure FLR success on the long term.<br /> (iii) Creating linkages with climate funds through technical assistance and proposal development.<br /> (iv) Developing bankable projects through capacity building and the identification of opportunities for business development and for attracting additional investment.<br /> <br /> This work is presented through examples and cases studies increasing the knowledge of local partners on existing financing sources and supporting them in accessing these funding streams.
Financial mechanisms, Economic Development, Deforestation and forest degradation, Sustainable forest management, Value chain
ID: 3484518