Ferramentas para impulsionar o Financiamento de Soluções Baseadas na Natureza

This report, prepared for the G20 Sustainable Finance Working Group, analyzes 12 case studies of blended finance instruments designed to overcome barriers to investment in Nature-based Solutions (NbS). It explores how a combination of concessional capital, technical assistance, and risk-mitigation tools like guarantees can mobilize private investment across sectors including restoration, conservation, bioeconomy, agroforestry, and ocean/water management.

• Guarantees are identified as the most catalytic instruments for directing private capital toward NbS because they reduce investment risk and create a safer environment for testing new solutions, especially for projects that have not yet proven their ability to generate revenue.
• The public sector is essential for scaling NbS, not only through direct concessional funding and technical support but also by establishing regulatory environments and long-term strategies that incentivize the creation of new revenue streams.
• Creating a robust NbS ecosystem requires coordinated support across four stakeholder groups: governments/policy makers, capital holders/allocators, the investment pipeline (projects, SMEs, cooperatives), and people/communities.
• The Restoration Seed Capital Facility (RSCF), launched in 2020 and funded by Germany and Luxembourg, uses a three-stage support system (conditional and non-reimbursable grants) to help private fund managers develop pipelines and reach financial closing for forest landscape restoration.
• The Moringa Fund, a EUR 84 million private equity vehicle, demonstrated that technical assistance alone may be insufficient to generate financial returns for agroforestry SMEs, highlighting the need for blended capital structures with subordinated tranches to align investor risk appetite with project needs.
• The Global Fund for Coral Reefs (GFCR) employs a blended structure consisting of a US$ 60 million Grant Fund to incubate projects and a US$ 135 million Investment Fund, using a first-loss tranche from the Green Climate Fund to lower risk for senior investors.
• The Living Amazon Mechanism uses a blended finance model involving a Receivables Fund and an Enabling Conditions Facility (ECF) to support bioeconomy cooperatives in the Amazon, leveraging Natura Cosméticos S.A. as an anchor buyer and investor.
• The Restoration Insurance Service Company (RISCO) implements a modular model that sells parametric insurance to coastal communities and invests the resulting revenue into mangrove-positive businesses and green-gray infrastructure.
• The Forest Resilience Bond (FRB) addresses the funding gap for forest restoration in the Western US by using initial investments from concessional and commercial sources, which are repaid through payments from beneficiaries (such as utility companies) who profit from reduced wildfire risk and improved water resources.
• The Qiandao Lake Water Fund in China utilizes a unique charity trust structure to mobilize philanthropic capital from entities like the Alibaba Foundation to protect water resources, demonstrating an alternative to government-dependent conservation funding.
• The Food Securities Fund (FSF) provides working capital loans to agricultural aggregators in emerging markets, reducing risk by leveraging guarantees from large value chain partners (VCPs) and a US$ 37.5 million partial credit guarantee from the US DFC.
• The Galápagos debt-for-nature swap, the largest of its kind, restructured US$ 1.6 billion in Ecuadorian debt to generate US$ 450 million for the Galápagos Life Fund, supported by a US$ 656 million political risk insurance from the DFC and an US$ 85 million IDB guarantee.

APA

Brasil-Leigh, A., Byrd, R., Käfer, P., Miao, G., Ruiz-Sierra, M., Vieira, A., & Wallock, W. (2024). Ferramentas para impulsionar o Financiamento de Soluções Baseadas na Natureza. Climate Policy Initiative. https://www.climatepolicyinitiative.org/wp-content/uploads/2024/09/REL-Ferramentas-para-Impulsionar-o-Financiamento-de-SbN.pdf

Chicago

Brasil-Leigh, Amanda, Rosaly Byrd, Phillipe Käfer, Gaoyi Miao, Maria Ruiz-Sierra, Arthur Vieira, and William Wallock. Ferramentas para impulsionar o Financiamento de Soluções Baseadas na Natureza. Climate Policy Initiative, 2024. https://www.climatepolicyinitiative.org/wp-content/uploads/2024/09/REL-Ferramentas-para-Impulsionar-o-Financiamento-de-SbN.pdf.

Wikipedia

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BibTeX

@techreport{brasilleigh2024ferramentas, author = {Brasil-Leigh, Amanda and Byrd, Rosaly and Käfer, Phillipe and Miao, Gaoyi and Ruiz-Sierra, Maria and Vieira, Arthur and Wallock, William}, title = {{Ferramentas para impulsionar o Financiamento de Soluções Baseadas na Natureza}}, institution = {Climate Policy Initiative}, year = {2024}, month = sep, url = {https://www.climatepolicyinitiative.org/wp-content/uploads/2024/09/REL-Ferramentas-para-Impulsionar-o-Financiamento-de-SbN.pdf}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }