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IUCN and partners launch novel fund to drive investment to nature-based solutions
The International Union for Conservation of Nature (IUCN) today announces the launch of the Nature+ Accelerator Fund, a first-of-its-kind private sector-focused nature conservation accelerator fund providing measurable conservation and social benefits while delivering financial returns for investors.
GEF Council agrees on $700 million for urgent environmental action
The Global Environment Facility’s governing body, meeting remotely, has agreed on $700 million for projects and programs to help developing countries keep advancing urgent environmental priorities through and beyond the coronavirus pandemic. The new and expanded programming under the GEF-7 replenishment cycle spans oceans, chemicals, land use, wildlife trafficking, green shipping, and climate change adaptation, and the LDCF work program focuses on helping vulnerable countries and communities continue to build their climate resilience.
‘A new business model for forests and reforestation’
Clément Chenost is Co-founder and Managing Director of the Moringa Fund, a private equity investment vehicle supporting sustainable agroforestry in Latin America and Africa. The Global Environment Facility became an equity partner in Moringa in 2015, as part of the GEF’s blended finance portfolio. In an interview, Chenost shared his motivation to launch the Fund, the power of organic certification, and what cashew nuts have taught him about farm-to-fork value chains.
GEF Council approves ambitious work program for green cities, nature, and climate change
Government representatives have approved more than $600 million for two new work programs that include innovative ventures to expand marine protected areas and engage indigenous peoples for biodiversity protection, and for climate change resilience-building efforts in least developed countries.
Advances in Blended Finance: GEF's Solutions to Protect the Global Environment
Unprecedented transformation is required to achieving the Sustainable Development Goals and safeguarding the global commons. The global community called the private sector to step-in with bold action and new frontier investments. such ambitious investments will be significantly unlocked by a combination of private and public sources; blended finance is a key tool to mobilize private capital.
How finance can reduce deforestation
“My sister is the one who got the finance degree and worked on Wall Street. When I finished school, I moved to Borneo to save the rainforests and orangutans.”
I was joking at a recent meeting on financing of commodities supply chains organized by the GEF’s Good Growth Partnership (GGP). It was a gathering on sustainable forestry and other topics well within my area of technical expertise but the finance terminology being thrown around made me feel out of my depth.
Innovative finance project for sustainable fisheries launched with leading investors
The Meloy Fund, funded by the Global Environment Facility (GEF) and a first-of-its-kind public-private partnership has been launched with a first close of US $10 million.
GEF Innovations in Blended Finance: A Summary
Transforming the world's energy systems, cities, and land-use systems to become low-carbon and resilient will require a large-scale change in global finance flows. The magnitude of financing is in the order of trillions of dollars per year, of which a large amount comes from the private sector. It is therefore critical that scarce public resources are deployed in a way that catalyzes the required redirection of finance. Blended finance aims to achieve exactly that, and therefore has attracted significant interest in recent years.