On May 9th at 12pm EDT, CFA will be hosting a webinar with Blue Forest Conservation on their Forest Resilience Bond. Blue Forest Conservation is committed to creating sustainable financial solutions to pressing environmental challenges. They recently launched their first innovative finance mechanism, the Forest Resilience Bond, in partnership with the US Forest Service, the World Resources Institute, and Encourage Capital in the Tahoe National Forest in California in 2018. Instead of relying on budget-constrained government agencies, the Forest Resilience Bond deploys investor capital to finance the upfront costs of proactive forest restoration in an effort to reduce the risk of catastrophic wildfire and associated carbon emissions as well while protecting water resources. Investors earn returns through cost-sharing contracts with the US Forest Service, utilities, and state governments that benefit from the restoration treatments. In addition to wildfire, air quality, and water benefits, the Forest Resilience Bond creates jobs, protects communities, and makes forests more resilient to climate change while offering competitive returns to investors.
Scaling Up Conservation Finance: What will it take?
Wed. 17th April 2019, 1:15-2:30pm Conference Room S-2726-2727
Organized by the International Union for Conservation of Nature (IUCN), the Wildlife Conservation Society (WCS), and the Permanent Mission of France to the United Nations, this event explores the challenges and innovative approaches to meeting the challenges of mobilizing finance, including private finance, on a scale needed to halt and reverse the degradation of natural ecosystems and loss of
biodiversity of the past several decades. This is critical to achieving the sustainable development goals, yet until now investments in natural capital remain severely underfunded. A number of initiatives supported by new thinking and financial innovation are trying to address this challenge, with some success. The event will review some of the more interesting initiatives with a view to informing Ministries of Finance, multilateral and national development banks, and private financiers attending this year’s Financing for Development Forum at the United Nations. The event aims to stimulate discussion between public, private and conservation community actors on ways to mobilize larger amounts for investment in conservation of valuable ecosystems and biodiversity.
Following the 2016 World Conservation Congress, IUCN and partners launched the Coalition for Private Investment in Conservation (CPIC), which continues its work to provide substantive guidance to financial institutions on designing financial instruments which yield both attractive financial returns and significant conservation benefits. The progress of CPIC’s work will be presented, as will the experience of other conservation finance initiatives.
A key question for discussion will be: what are the key obstacles to large-scale ‘bankability’ of conservation projects and how are they being overcome. It has been suggested that the conservation finance field is still wide open to intermediaries, to project aggregators with field expertise who can respond to the substantial interest of investors by packing projects to meet size thresholds. Intermediaries are tasked with providing replicability and standardization for investors1. At the same time, there is a need for project developers on the ground who can wed the needs of local nature and local communities with the needs of global investors.
Opening remarks: H.E. Anne Gueguen, Deputy Permanent Representative of France to the United Nations
Moderator: David O’Connor, Permanent Observer to UN, International Union for Conservation of Nature (IUCN)
Standardize, Replicate and Aggregate: the Work of the Coalition for Private Investment in Conservation (CPIC)
Frank Hawkins, Head of IUCN North America Office
Financing Conservation at Scale: Perspectives from the Field
Caleb McClennen, Vice President Global Conservation, Wildlife Conservation Society (WCS)
The Lion’s Share: Harnessing Advertising Power for Conservation Financing
Midori Paxton, United Nations Development Programme (UNDP)
Lessons for Conservation Finance from Climate Finance
Bruce Usher, Columbia Business School
NatureVest Infrastructure and Renewable Energy Investment in Emerging Markets
JC Danilovich, Senior Director, NatureVest, The Nature Conservancy
Lessons on Getting to Scale from the Conservation Finance Alliance
David Meyers, Executive Director, Conservation Finance Alliance
Q&A and Open Discussion
For those without a UN grounds pass, please RSVP to Conor Strong (firstname.lastname@example.org) with your name as printed on your government issued ID by noon Friday, 12 April 2019.
Photo credit: UN Forum Home Page
On February 6, 2019, Zdenka Piskulich, Marcello Hernandez and María José Gonzalez presented a CFA webinar on the Caribbean-Pacific Alliance and Blue Challenge.
The Caribbean-Pacific Alliance is a unique collaborative platform to address shared marine and coastal conservation issues in the Tropical Eastern Pacific and Caribbean oceans. The Alliance is composed of PACÍFICO (a platform of four Conservation Trust Funds in the Tropical Eastern Pacific), the Mesoamerican Reef (MAR) Fund, and the Caribbean Biodiversity Fund. Together, they encompass two oceans, 16 countries, 4 million km2 and 5 World Heritage Sites, and through the Alliance, they have a structure to facilitate knowledge sharing and collaboration. One of the Caribbean-Pacific Alliance's first initiatives is Blue Challenge, an incubator to build the pipeline of investable projects in the conservation space through technical assistance.
A recording of the webinar, and the Powerpoint presentation, are available on the Webinars page.
A second webinar in Spanish on the same content will be held in the coming weeks.
Finance leaders gathered in November in Egypt to debate the past, present and future of financing conservation during a parallel event of the High Level Segment of the CBD COP 14. The event brought together a diverse range of leaders who are forging a new path for a post-2020 framework for biodiversity conservation – dubbed ‘the New Deal for Nature’. Read the full story from BIOFIN here.
The CFA and WCS, through generous support from Bloomberg Philanthropies, Vulcan Inc. and the Pacific Ocean Finance Program, are collaborating with The Economist for the upcoming World Ocean Summit panel entitled: Masterclass 2—Mobilising Capital: Engaging Investors in Coral Reef Finance. David Meyers CFA Executive Director and Melissa Walsh - CFA Member - will be panelists in this session. The World Ocean Summit will be held March 5-7 in Abu Dhabi. Click here to register. Please notify the CFA Secretariat if you will be coming so we can arrange for a meeting or dinner.
The webinar will take place February 6th at 11am EST.
Three regional environmental funds, with a focus on marine conservation, have established the Caribbean-Pacific Alliance: Caribbean Biodiversity Fund, PACIFICO and the MAR Fund. Together, they encompass two oceans, 16 countries, 4 million km2 and 5 World Heritage Sites. Join them on February 6, 2019, as they share advances in their knowledge exchange, mobilization of resources and their soon-to-be-launched Blue Challenge Initiative. Please forward this webinar info to your colleagues.
Banner image: Pue Coral Gardens, Cook Islands
Credit: The Ocean Agency / XL Catlin Seaview Survey / Coral Reef Image Ban
This e-course is offered by the Global Environment Facility (GEF). It provides an overview of the GEF, a unique international organization that is dedicated to safeguarding the global environment. By completing this e-course, you will gain knowledge of the GEF’s mission, history and institutional structure. You will understand the organizing principles and areas of work in the 7th GEF replenishment period (GEF-7). You will also learn about key cross cutting issues; the basics of GEF funding and its operational policies, as well as the results framework for GEF-7. It is a joint production by the GEF Secretariat’s Knowledge & Learning Team and the Open Learning Campus (OLC) of the World Bank Group and is hosted by the OLC. This e-course is also a part of the GEF Academy curriculum that is available on the GEF website.
Target Audience: GEF partners and stakeholders who work on GEF relevant project development and implementation – decision makers, managers and staff working on global environmental issues.
This course is free. For more information, please contact Yasemin E.K. Biro at email@example.com
Do you need to make a stronger business case for biodiversity conservation? Do you want to become more skilled at developing financially sound and politically feasible solutions to conservation and development challenges? Do you need to know how to develop an effective biodiversity finance plan? Do you want access to more tools to assess the policy, institutional, and economic context for biodiversity finance, and to conduct a financial needs assessment to achieve a country’s biodiversity goals?
BIOFIN is offering a FREE seven-week Massive Open Online Course (MOOC) called Biodiversity Finance. It will be facilitated in English, French, Spanish and Russian, and will run from 15 April to 31 May 2019. The course is aimed at conservation planning and biodiversity finance practitioners and policymakers, but is open to everyone.
View the full invitation here, or click here to register.
Katy Mathias, manager of the Conservation Trust Investment Survey (CTIS) Project and co-author, with Ray Victurine, of the CTIS annual report, conducted two webinars for CFA members on December 18 to share results of the CTIS report for Calendar Year 2017. The presentations were held 12 hours apart to accommodate a range of time zones. A webinar audio recording and Powerpoint slides, as well as a link to the 2017 report, are available on the CFA website.
The webinar highlighted key findings from the most recent study. The participants' organizational and endowment nominal investment returns for calendar year 2017 were higher than those from 2016, while sinking fund returns were slightly below 2016. In general, however, CTF returns were lower than might be expected given global investment performance in 2017. This may be attributed to, on average, the CTFs' tendency to under-allocate equity, relative to fixed income and cash.
CFA is pleased to host a webinar in partnership with the Nature Trust Alliance (NTA) on November 30th, 2018. The session will address the origin of the Nature Trust Alliance as well as the current structure, challenges, and benefits. Presenters will include NTA Director Alba Carreras and Geof Giacomini - Executive Director of Caucases Nature Fund (CNF).
The Nature Trust Alliance (NTA) is a unique collaboration between three conservation trust funds: the Caucasus Nature Fund, Prespa Ohrid Nature Trust (PONT) and the newly established Blue Action Fund. The NTA was established in 2016 in Frankfurt am Main, Germany, and provides operational support services (financial management, investment management, administration, communications, reporting, etc.) to these three funds, so the funds can focus on their core missions of employing innovative and sustainable financing mechanisms for nature conservation.
Pooled models for Conservation Trust Funds have been a long-term topic of discussion – the CFA conducted an analysis of the issue in 2014. The NTA is a unique implementation of a pooling approach and may serve as an example to other CTFs. We look forward to a rich discussion.
To learn more about NTA please join us for the webinar on November 30th, 2018 from 10-11am EDT.
An RSVP is required. GoTo Meeting call-in information will be sent out prior to the session.