What We're Reading: Investing in Nature - Private Finance for Nature-based Resilience

The Nature Conservancy joined forces with Environmental Finance to better understand what major investors are looking for, what obstacles they face and what can be done to help them scale up investments in projects that protect or enhance natural capital. They conducted a global survey of asset owners, asset managers and financial intermediaries (including banks, investment advisors, consultancies, government agencies and NGOs) and attracted responses from 168 institutions. This was complemented by 23 one-to-one interviews.

The full article is available from the Nature Conservancy here.

Towards a Healthier Ocean: Contributions from the Pacific Ocean Finance Fellowship Program

View the full article here

From Conservation Strategy Fund:

Natalia Sanin | December 16, 2019

The Pacific Ocean Finance Fellowship Program (POFP) held its second training workshop in November in Nadi, Fiji. The twelve participating Fellows met with and heard from many local and international experts on ocean finance over the five-day event. They also had the opportunity to discuss their projects with one another, lead small discussion groups, meet with their project mentors, and practice presenting their work. After the workshop, the Fellows attended and presented their projects at the Pacific Ocean Finance Conference.
 

The POFP Fellows already have deep knowledge about ocean issues in their own countries and sectors, and this fellowship program is helping them learn and apply finance solutions in practical ways. The second Fellowship workshop was a reaffirmation of the Fellows’ commitment to improving ocean health and governance in their countries. The workshop focused on themes related to the Fellows’ projects, including regional ocean agreements, national financial planning, tourism economics, community finance, marine conservation agreements, fisheries management, and business entrepreneurship. Fellows appreciated having peers from diverse backgrounds to help tackle their project challenges and give guidance on project implementation.  The workshop also provided a safe space to share experiences with and expectations of regional management of ocean resources and seascapes. 
 

“The most relevant, efficient and effective way to articulate and communicate the finance option initiatives that are available around the region.  Views and ideas shared among the fellows are an enormous help.” – Fa’aui Ekapali-Telii, Tuvalu

During the Pacific Ocean Finance Conference the following week, the Fellows presented their projects to an international audience and described their efforts to gather and analyze useful information to complement their personal and institutional efforts to improve the state of the oceans.  It became clear that the Fellows’ projects are already contributing to national and regional efforts to improve ocean health and governance. This impact is profoundly important because the Ocean represents much more than a source of resources to Pacific Islanders. The ocean is their pride, their community bond, their spiritual and ancestral connection with creation, their survival, and their responsibility.

“Despite the fact that the fellowship program will end soon, I know my project will continue on and have a positive impact on my work and the communities that I serve.”  – Emma Kabua-Tibon, Republic of the Marshall Islands
 

CSF Fellowship Coordinator Natalia Sanín reflected on her time in Fiji, “I think that the fellows have been redefining the narrative on ocean health and governance in the Pacific. And now they know what they need to do to achieve their project goals. I couldn’t be more grateful to be part of this program and to have met and worked with the POFFP Fellows, mentors, and the FFA team.” 

During the upcoming months, the Fellows will be working on their projects, conducting research, meeting with communities and stakeholders, and gathering and analyzing information with the goal of finalizing their projects in late February. Stay tuned for information about results presentations via webinar in March or April. 

For more on this program, you can read about the first workshop in the Solomon Islands, the program overview, and the Fellows’ bios

 

This fellowship program is part of the Pacific Ocean Finance Program (POFP), which is Component 3 of the Pacific Regional Oceanscape Program (PROP) funded by the World Bank and the Global Environment Facility and is being implemented through the Pacific Islands Forum Fisheries Agency (FFA) and the Office of the Pacific Ocean Commissioner (OPOC) in partnership with Conservation Strategy Fund (CSF), the Conservation Finance Alliance (CFA), and the Wildlife Conservation Society (WCS).

Upcoming CFA Webinar: A research and policy agenda for establishing a “Blue Fund” for the conservation and restoration of marine and coastal ecosystems in Costa Rica

Date: January 15th 2020

Time: 12pm EST

RSVP is kindly requested of all participants.

Costa Rica has ten times more marine area than terrestrial area, with a variety of marine and coastal ecosystems that provide valuable goods and services to society at many scales. Nevertheless, these ecosystems have been significantly degraded by unsustainable economic activities mainly because of the public good nature of marine and coastal ecosystem services. They are undervalued or not valued at all under current markets, and lack the appropriate institutions and mechanisms to internalize their value in order to better manage them. As a solution to this research and policy gap, the creation of the Blue Fund is proposed, a new PES scheme focused on marine and coastal ecosystems with the goal of conserving, enhancing and restoring them. To build this new scheme, a six-step process was designed.

Register

GoTo Meeting Call-in Information

CFA Webinar: Blue Fund in Costa Rica with Marcello Hernandez
Wed, Jan 15, 2020 12:00 PM - 1:00 PM (EST)

Please join my meeting from your computer, tablet or smartphone.
https://global.gotomeeting.com/join/759503661

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United States: +1 (646) 749-3129

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Results of Protected Areas Finance Capacity Needs Assessment

The CFA Protected Areas Working Group presented some of the preliminary results from the Protected Areas Finance Capacity Needs Assessment that was launched this past March and was open for 5 months. The results of this survey are meant to inform the wider conservation community and for the CFA Protected Areas Working Group to prioritize its work over the coming years. Your input to this process is critical as we discuss the implications of the results and how best to communicate them through reports, journal articles, etc. the presenters are Charles Besancon, the Chair of the CFA PA Finance Working Group of CFA and Tyler Marcus, Green Business Strategist.

A recording of this session is available on our Youtube Channel.

What We're Reading: "Conservation Finance - Can banks embrace natural capital?"

From Euromoney:

Climate is no longer the only risk in town: thanks to a loud call from the scientific community, nature has finally been given a seat at the table with finance ministers, regulators and central bank governors.

Degradation of natural capital through human activity has brought us to a tipping point. The risks are multiple and varied, from precipitous declines in economic growth to the uncertain future of our species. All sectors of society are being called on to go ‘beyond carbon’ and reduce their negative impact on the natural environment, finding solutions that regenerate natural resources. How can financial institutions best be of service? By examining their balance-sheet exposure to nature-related risks and by channelling finance to businesses and projects that are restoring natural resources. They have the full support of the scientific community.

Full article: https://www.euromoney.com/article/b1hh1rccjthqmd/conservation-finance-can-banks-embrace-natural-capital?copyrightInfo=true

From CFN: "Conservation Finance - Seychelle's Troubled Waters"

“The Seychelles was the first country to issue a debt-for-nature swap to protect its marine environment; it was also the first to issue a blue bond, raising capital to finance sustainable marine and ocean-related projects. But can it overcome the teething problems and provide a model other island nations can follow?”

View the entire article from Euromoney here.

Photo: Euromoney.com

Online Meeting - Results from the Protected Areas Finance Capacity Needs Assessment

Join the CFA Protected Areas Working Group for an online meeting on Tuesday Dec.17 at 10 AM EST (3 PM UTC) as we present some of the preliminary results from the Protected Areas Finance Capacity Needs Assessment that was launched this past March and was open for 5 months. The results of this survey are meant to inform the wider conservation community and for the CFA Protected Areas Working Group to prioritize its work over the coming years. Your input to this process is critical as we discuss the implications of the results and how best to communicate them through reports, journal articles, etc. the presenters are Charles Besancon, the Chair of the CFA PA Finance Working Group of CFA and Tyler Marcus, Green Business Strategist.

RSVP


Upcoming CFA Webinar: Results of 2018 CTIS

Date: December 12th

Time: 12pm and 9pm EST

Katy Mathias, co-author of the Conservation Trust Investment Survey (CTIS) will share findings from the annual CTIS study for calendar year 2018. In addition, Katy will share some preliminary information from the forthcoming multi-year study of CTF investment data, drawing on the CTIS project's 13 years of data. The webinar will be held twice to accommodate as many time zones as possible.

Register

WWF Seeking CTF Consultant

World Wildlife Fund is seeking a consultant with experience designing conservation trust funds to analyze the feasibility of creating a Conservation Trust Fund for Tribal Wildlife Conservation in the Northern Great Plains. The consultant will assess existing legal, regulatory and institutional frameworks, identify levels of interest and potential roles of government partners, analyze fundraising potential, and develop recommendations for designing (or addressing enabling conditions for) a conservation trust fund.

The full Terms of Reference is available here or upon request by emailing Libby Khumalo at Libby.Khumalo@wwfus.org.

To apply, please send a cover letter detailing the consultant’s previous experience with analyzing conservation trust fund feasibility, as well as a resume, by December 4, 2019 to Libby.Khumalo@wwfus.org.

Photo from worldwildlifefund.org