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Authors:
Rene Zamora Cristales PhD
Publication Date:
2021
Abstract/Summary:
In Latin America, 18 countries have pledged about 50 million hectares to restore as part of the Bonn Challenge and Initiative 20×20 platforms. Many governments have developed robust plans and strategies to prioritize areas for restoration under multiple environmental, social, and economic objectives. But once these processes are finished, restoration often stalls. Why? The implementation of restoration requires financial resources from the public and private sectors in a coordinated effort to implement the desired activities and materialize expected results. To ensure additionality and the permanence of restoration, these activities must generate multiple benefits to the landowners and do not have to come at the expense of the degradation. Landowners could be communities, individuals, or companies. In many countries, resources from the public sector are scarce, making it difficult to implement sustainable practices and investments. On the other hand, the private sector faces many barriers related to the long-term nature of investments in restoration, the high levels of perceived risks, and the difficulties in finding bankable projects with landowner aggregation. In this presentation, we will discuss practical experiences from the public and private sectors to overcome some of those barriers. These experiences are showing the path to a sustainable future that would make possible the restoration at the scale required by the climate change challenges and in response to global initiatives such as the United Nations Decade on Ecosystem Restoration 2021-2030.
Resource Type:
Conference Presentation, SER2021
Pre-approved for CECs under SER's CERP program
Source:
SER2021