Project Info
Project Code
2326G
Tranche
T15
Tranche Type
Regular
Status
Active
Title
Financing Nature-based Solutions (NbS) for a green and inclusive recovery in Latin America
Entities
Implementing Entity (Lead)
UNEP
Other Collaborating Entities
Other UN entities
Financial and Evaluation Info
Total Budget
$500,000.00
Project Selected for Evaluation
No
Countries and Regions
Countries or Areas:
Argentina, Brazil, Costa Rica
Regions:
Americas
Sub-Regions:
Intermediate Regions:
Countries in Special Situations:
Areas of Work
SDG
13
14
15
2
SDG Targets
13.2
14.6
15.2
15.3
15.5
15.9
15.a
2.3
2.4
2.b
Brief Description
As countries build back their economies from COVID-19, governments have a unique opportunity to scale-up and channel public and private finance towards protecting and restoring nature. Investing in nature-based solutions (NbS) can help to reduce the likelihood of future pandemics and build society’s resilience to wider ranging climate and environmental risks while at the same time delivering significant economic benefits and job opportunities.
To that end, this project will provide technical assistance, analytical guidance, and support to three beneficiary countries in Latin America, to strengthen the capacity of target countries to implement policies geared towards scaling up finance for nature through the use of public finance instruments (e.g. agricultural subsidies reform, etc.). As a result, the project will contribute to creating an enabling policy environment for more sustainable, inclusive and resilient food, forest and land-use systems, which is one of the key pillars of a green recovery in Latin America, as well as the delivery of the Paris Climate Agreement and the SDGs.
To that end, this project will provide technical assistance, analytical guidance, and support to three beneficiary countries in Latin America, to strengthen the capacity of target countries to implement policies geared towards scaling up finance for nature through the use of public finance instruments (e.g. agricultural subsidies reform, etc.). As a result, the project will contribute to creating an enabling policy environment for more sustainable, inclusive and resilient food, forest and land-use systems, which is one of the key pillars of a green recovery in Latin America, as well as the delivery of the Paris Climate Agreement and the SDGs.
Objective and Expected Outcomes
Objective
To strengthen the capacity of selected countries to develop and implement policies and strategies to scale up public and private investment and finance for nature to support sustainable, inclusive and resilient food systems in support of a green recovery from COVID-19 in Latin America.
Expected Outcome 1
Selected countries endorse the development of strategies to scale up public and private investment and finance for nature to support sustainable, inclusive and resilient food systems in support of a green recovery from COVID-19.
Expected Outcome 2
Improved capacity of policymakers in target countries to identify and design fiscal policy instruments that enhance financing of NbS in the agricultural sector.