Backing biodiversity: Financing forests & trees
Backing biodiversity: Financing forests & trees
CIFOR-ICRAF at UNCBD COP16
21 Oct – 1 Nov 2024, Cali, ColombiaSide event
Financing of high-impact NbS Investment Opportunities: Resilient Landscapes Luxembourg
Science is a key ingredient in ensuring the implementation of target 19 specifically with evidence-based quality investments in Nature-based Solutions (NbS). Science also guides the design of innovative financial instruments that support high-level impact ambitions and commitments by providing concrete scientific evidence and solutions to key global challenges. While the relationship between science and business has been evolving, there is still a need to improve the dialogue between the two fields to create synergies with substantive impact.
To address this challenge, the Grand Duchy of Luxembourg and CIFOR-ICRAF launched Resilient Landscapes Luxembourg (RLL), with the mission to accelerate and scale-up investments in sustainable landscapes for climate action. Leveraging CIFOR-ICRAF’s science and expertise in forestry, agroforestry, and biological diversity, RLL focuses on NbS project incubation for environmental resilience.
The side-event will emphasise the vital roles of science and biodiversity in accelerating investments in Nature-based Solutions (NbS) as well as the unique aspects of RLL. This will be done by presenting investment opportunities from RLL’s first incubation cycle highlighting the core environmental and social benefits of the different NbS projects, hence inciting an appetite for adoption and replication. The session aims at engaging private and public sector participants in conversations around the need to catalyse private sector investment into high-quality projects with significant biodiversity and climate co-benefits.