Outcomes of the CAS 2021 Anchoring Event – Nature-Based Solutions
Anchoring Event outcomes
The Special Climate Change Fund (SCCF) of the GEF approved a USD-2-million novel project to support monetary valuation of Nature‐Based Infrastructure (NBI), with the objective of demonstrating its economic case and catalysing more public and private investment. The project is co‐financed by the MAVA Foundation and implemented by UNIDO with International Institute for Sustainable Development (IISD). The project will set up an NBI resource centre, take a system‐based approach to demonstrate monetary valuation of up to 46 nature‐based infrastructure investments, and develop a massive open online course and database to support future valuations. The project is expected to benefit more than 100,000 climate-vulnerable people and support the management of nearly 20,000 hectares of land for climate resilience.
A new Global Ecosystem‐based Adaptation Fund, supported by Germany and implemented by UNEP and the International Union for Conservation of Nature (IUCN), was developed with an initial capitalisation of EUR 15 million, and the first call for proposals is expected in 2021. Through a rapid- delivery mechanism, the Fund will provide seed capital that aims to catalyse the scaling up of ecosystem‐based adaptation. The Fund will focus on support to non‐state actors, with the expectation that they will often need to work closely with national and local governments. We recruited a vanguard group of countries, including Canada, Ethiopia, Mexico, the Netherlands, and Peru, to plan and/or implementing large‐scale NBS action for climate adaptation. WRI and partners have worked with this vanguard group to garner commitments to action that will yield benefits to the majority of people in each city by 2030. The scaled‐up action, commitments, and ambitions from these cities are showcased at CAS 2021 and COP26 to build support for city‐led NBS initiatives and inspire other cities to act.
A Project Preparation Facility (PPF) is designed that will build a pipeline of city‐led NBS projects for climate adaptation that are positioned to access large‐scale infrastructure finance and capital markets. The facility will provide financial and technical assistance to city leadership, civil society, and infrastructure operators to plan and design bankable NBS for climate resilience and human wellbeing.
NBS Action Track Outcomes and Call to Action
This paper summarizes actions delivered in 2020 by the Action Track, as well as groundwork laid for future action.
WRI-GCA NBS Financial Assesment: Executive Summary
The download below is drawn from the forthcoming paper: Public International Funding of Nature-Based Solutions for Adaptation: A ...