Innovative financing for ecosystems management? : seminar at World Water Week 2018!
Is there such thing as innovative financing for ecosystems management? Co-convenors: Stockholm International Water Institute (SIWI), African Development Bank (AfDB),...
Is there such thing as innovative financing for ecosystems management?
Co-convenors: Stockholm International Water Institute (SIWI), African Development Bank (AfDB), Inter-American Development Bank (IDB) and The Nature Conservancy (TNC)
The 2030 Development Agenda acknowledges the importance of sustainable management of natural resources (i.e. ecosystems) as critical to achieving the Sustainable Development Goals (SDGs). This requires that financing strategies and instruments for maintaining and expanding built and natural infrastructure, as well as other ecosystem services, build on a range of legal and market-based instruments, including taxes, royalties and fees. These strategies require the development of markets with clear and well defined enabling conditions. These enabling conditions must include the design of regulatory, legal, and voluntary mechanisms that overcome the public goods aspect and incentivize investments in ecosystems management and its services. These services and the social conditions and norms around them must be clearly defined and understood in order to elicit proper demand. The development of financing strategies will include different instruments composed of public financial resources, private finance, as well as blended finance (public and private financial resources).
The objective of the seminar is to reflect and discuss enabling environments and new and innovative financing mechanisms that contribute to the scaling up of new and existing efforts to increase financing of ecosystem services. The seminar will focus on financing structures and mechanisms that are being implemented. The seminar will focus on the following questions: i) what are the enabling conditions that promote the development of markets? and ii) can innovative mechanisms such as impact investments, green bonds, climate funds, payment for environmental services, venture capital, pooled financing, be scaled up? Examples from around the world will be presented.
Please read more on how to engage and submit your abstract here.
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