Reforesting degraded land in Latin America to combat climate change
Staff Writer | January 23, 2019
The Land Degradation Neutrality Fund, which counts the European Investment Bank as one of its investors, just finalised its first transaction since its take off at the end of 2018.Article continues below
Its initial investment will go to a programme to restore degraded land in Latin America through agroforestry practices and is expected to improve the livelihoods of 2 400 producers.
The programme, named Urapi Sustainable Land Use and developed by ECOTIERRA, seeks to reverse land degradation and combat climate change by implementing sustainable agricultural practices and strengthening the economic models of cooperatives, while promoting social inclusion.
The first project of the programme involves four coffee cooperatives and the reforestation of degraded land into productive agroforestry systems in Peru.
Launched as a transformative contribution to the global fight against climate change, the Land Degradation Neutrality Fund seeks to support the sustainable management of 500 000 hectares of land, to reduce CO2 emissions by 35 million tons, and to create jobs or improve livelihoods for over 100,000 people through its investments, with a focus on Africa and Asia.
It aims to reach USD 300 million investment in land management and land restoration projects worldwide to achieve the Sustainable Development Goals’ land degradation neutrality by 2030.
The LDN Fund benefits from the resources of the Mirova Natural Capital platform and the Althelia Funds range when making investments. The Fund’s investors include public investors such as the EIB, l’Agence Française de Développement, and the Government of Luxembourg, as well as private investors such as Fondaction, the Fund’s first North American investor, Fondation de France, BNP Paribas Cardif, Garance, and Natixis Investment Managers. ■ What to read next
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