International experts at the Global Landscape Forum discuss fundraising strategies for landscape restoration.
In order to present regional strategies, initiatives and financing mechanisms for landscape restoration as a solution to climate change, the Commission on Environment and Development (CCAD) of the Central American Integration System (SICA), together with representatives of the region's environmental funds, presented the talk "Central America: Developing a Region of Investment Opportunities in Landscape Restoration" at the Global Landscapes Forum in Luxembourg.
Central America has as a regional political priority the restoration of forest landscapes; because they are an effective and sustainable solution to climate change since this approach is based on nature; therefore, Central America has committed to restore around 9 million hectares of degraded landscapes; and in addition, it is working on a regional environmental financing mechanism.
"On this occasion we present the Green Development Fund for the SICA region, financed by the European Union and the German Federal Ministry of Environment, as a mechanism that is already functioning in a very vulnerable region of the planet and that can constitute a very important vehicle for private, but also public financial institutions to continue financing the restoration of ecosystems and landscapes throughout Central America and the Dominican Republic," explained the Executive Secretary of CCAD, Salvador Nieto.
During the event, the participants had the opportunity to learn from the public perspective presented by CCAD, the Environmental Investment Fund of El Salvador (FIAES), the Environmental Bank Foundation of Costa Rica (FUNBAM) and the private one presented by the Forestry and Climate Change Fund (FCCF) and the State Bank and Savings Bank of Luxembourg (BCEE) about the different strategies and environmental financial mechanisms; as well as the challenges that the countries of the region face to involve the private sector in the financing of restoration activities.
The participation of Central America in this forum is key since the Global Landscapes Forum is the space where experts and financiers meet to share experiences and learn about new opportunities for financing sustainable land use.
The Green Development Fund for the SICA region/ REDD+ Landscape, is funded by the European Union and the Federal Ministry of Environment of the Republic of Germany (BMU) and implemented by the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) in coordination with the Commission on Environment and Development (CCAD), supports the consolidation and integration of financial mechanisms, implementation and monitoring at the regional level and provides resources to finance ecosystem restoration projects in prioritized landscapes.