Forest Resilience Bonds are a new investment instrument; money is fronted to pay for forest restoration, which improves water quality and reduces fires, with beneficiaries offering dividends.
Restoring degraded landscapes and forests has the potential to enhance social and economic well-being while delivering powerful environmental benefits. The challenge is getting the funding to make that happen.
The world spends about $50 billion on restoration and conservation every year. That's about $300 billion less than what's needed.
While Latin America and the Caribbean have lost an area of land the size of Mexico to deforestation and degradation, all hope is not lost. Restoration success stories from three nations point to a way forward.
Since COP21 in Paris this past December, countries around the globe have committed to bring more than 85 million hectares of degraded land into restoration by 2020. In Latin America and the Caribbean, nearly 28 million hectares have been committed to Initiative 20x20 since its launch in December 2014 – quickly surpassing its 20 million hectare goal. In Africa, 13 countries have committed 41 million hectares since the launch of...
This infographic shows the activities of AFR100 (the African Restoration Initiative), a country-led effort to bring 100 million hectares of land in Africa into restoration by 2030.
Countries in Latin America are seizing the opportunity to restore degraded landscapes, capturing gains in agricultural production, soil and water quality, and conservation of biodiversity, while also creating sizable carbon sinks. Through Initiative 20x20, the first regional commitment to forest and landscape restoration at scale in Latin America, a group of governments pledged to restore over 23.8 million hectares (59 million acres), attracting $670 million in impact investment pledges.
Global demand for forestry commodities is rising rapidly, especially in emerging and developing economies. Producing fuel, fiber and timber from forests creates opportunity for economic growth but also increases pressure on natural resources. Globally, about 13 million hectares (32 million acres) are being cleared each year, and in the past decade most of the world’s forest loss has occurred in the tropics. Commercial agriculture is responsible for 71 percent of tropical deforestation worldwide, much of it illegal. Latin America has a huge opportunity to scale up restoration of degraded lands but as of August 2014 only El Salvador had made an international commitment when it pledged to restore one million hectares through the Bonn Challenge.
WRI helped launch Initiative 20x20, a country-led effort to bring 20 million hectares (49 million acres) of land in Latin America and the Caribbean into restoration by 2020, at the Lima COP20 climate conference. WRI supports Initiative 20x20 through its Global Restoration Initiative and facilitates the dialogue between governments, civil society and the private sector to build a coalition and achieve the initiative’s goals.
WRI recruited local and regional institutions such as Bioversity International, CATIE, CIAT, Fundación Agreste, ICRAF, Instituto Humboldt, IUCN and Sustainable Amazon Foundation to become partners, making this an initiative supported by Latin American institutions. WRI also made the economic case for restoration to governments and the private sector, including impact investors. The team identified large areas with restoration potential in the “Atlas of Forest and Landscape Restoration Opportunities,” highlighted examples of successful restoration, and developed a Restoration Diagnostic tool to guide action.
Initiative 20x20 is the first-ever regional commitment to forest and landscape restoration at scale in Latin America. Over the past 12 months, Initiative 20x20 has helped to mobilize political commitments to restore 23.8 million hectares (59 million acres) of forestlands (an area nearly as large as the United Kingdom) and impact investment commitments of $670 million. The team also convened a diverse regional technical partnership to support successful implementation of these commitments.
In Paris today, a coalition of more than a dozen African countries, nine financing organizations and 10 technical partners announced a new initiative called the African Restoration Initiative (AFR100), with the goal of restoring 100 million hectares of degraded and deforested land in Africa by 2030.
African countries launched AFR100 (African Forest Landscape Restoration Initiative), a pan-African, country-led effort to restore 100 million hectares (386 thousand square miles) of degraded and deforested landscapes by 2030.