Most efforts to advance agricultural conservation focus on the farmer – with good reason, since conservation practice adoption is the direct result of farmers’ decisions, time and resources. They also focus, of course, on the environment, as the need to improve water quality and reduce greenhouse gas emissions from agriculture grows.
Over the coming decade, the state of California will spend billions of dollars to restore habitat to protect endangered species and mitigate infrastructure improvements. But many existing institutions have been stuck in a project-by-project funding model that limits their ability to leverage private capital, integrate different funding sources, or even achieve desired outcomes.
World Bank Group is about to make $200 billion USD available to fund action on climate change from 2021-2025, helping countries adapt to the effects of warming and reduce greenhouse gas emissions. The sum represents a doubling of the five-year investment plan put in place after the landmark Paris Agreement of 2015.
Source: International Institute for Sustainable Development
The UN Environment Programme Finance Initiative’s Global Roundtable discussed areas for reforming the financial system and launched knowledge products on responsible banking, positive impacts towards the SDGs and natural capital.
Seychelles issued a first-of-its-kind “blue bond” to benefit its marine resources, the government announced. The $15 million, 10-year sovereign bond was sold in a private placement to three international investors: Nuveen, Prudential and Calvert Impact Capital.
The new Forestry Criteria of the Climate Bonds Standard have been formally launched, marking a major turning point in best practice for low-carbon and climate-resilient investment in forestry industries.
In Colombia, one of the most biodiverse countries in the world, the government introduced a tax on fossil fuels of $5 USD per ton of carbon dioxide by late 2016. The regulation was set to start working in 2017.
Water – the lifeblood of the $5-trillion food industry – is slowly gaining notice among companies and investors in this sector. Food and agriculture use the single largest share of the world’s freshwater resources, making water-associated risk a critical concern for production and profitability. A key 2017 report by Ceres highlighted the industry’s water risks while identifying how investors can push companies toward better water-management strategies.