Ferramentas para impulsionar o Financiamento de Soluções Baseadas na Natureza

The report examines 12 blended finance case studies across sectors like restoration, bioeconomy, and the blue economy to demonstrate how to attract private investment into Nature-based Solutions (NbS). It argues that because nature is often a public good with difficult-to-monetize benefits, the public sector must play a critical role in creating enabling ecosystems through technical assistance and concessional capital. Key findings highlight that guarantees are among the most effective tools for mitigating risk, while engaging direct beneficiaries (such as insurance companies or utilities) can create sustainable revenue streams. The document details specific instruments, such as the Galápagos debt-for-nature swap and the Seychelles Blue Bond, to provide replicable models for G20 countries.

• Guarantees are identified as one of the most catalytic instruments for directing private capital toward NbS because they reduce investment risk and create a safer environment for testing new solutions, even when projects have not yet proven their revenue-generating capacity.
• 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 new actors and revenue streams.
• Revenue streams for NbS can be generated by identifying and engaging specific stakeholders who benefit monetarily from nature's interventions, such as insurance agencies, utility companies, and social enterprises.
• The Restoration Seed Capital Facility (RSCF) addresses a market gap by providing conditional grants across three stages of fund development—fundraising, pipeline construction, and project closing—to mobilize private capital for forest landscape restoration.
• The Moringa Fund's experience demonstrates that technical assistance alone may be insufficient to generate financial returns for agro-SMEs; a blended capital structure with subordinated tranches is necessary to align investor risk appetite with the long-term nature of agroforestry.
• The Global Fund for Coral Reefs (GFCR) utilizes a blended structure consisting of a US$ 60 million Grant Fund for incubation and a US$ 135 million Investment Fund, using a first-loss tranche from the Green Climate Fund to lower risk for senior commercial investors.
• The Living Amazon Mechanism uses a 'Receivables Fund' and an 'Enabling Conditions Facility' (ECF) to provide credit and technical support to cooperatives in the Amazon, leveraging Natura Cosméticos S.A. as an anchor buyer and investor.
• The Restoration Insurance Service Company (RISCO) innovates by selling parametric insurance to coastal communities and reinvesting the proceeds into mangrove-positive businesses and green-gray infrastructure.
• The Forest Resilience Bond (FRB) addresses the funding gap for forest restoration in the US West by using a model where beneficiaries, such as utility companies, make fixed payments based on quantified biophysical benefits like reduced wildfire risk.
• The Food Securities Fund (FSF) reduces credit risk for sustainable agriculture by lending to aggregators who supply large global agribusinesses, using these corporate partners to provide first-loss guarantees.
• The Galápagos debt-for-nature swap represents the world's largest such transaction, restructuring US$ 1.6 billion in debt to generate US$ 450 million for the Galápagos Life Fund, supported by a US$ 656 million political risk insurance policy from the DFC.
• The Seychelles Blue Bond, the first sovereign blue bond, raised US$ 15 million by combining a World Bank partial guarantee and a GEF concessional loan to lower the effective interest rate from 6.5% to 2.8%.
• The AGRI3 Fund uses a multi-tranche structure, including a first-loss equity tranche funded by donors, to provide credit enhancement and extend loan terms for sustainable agriculture and forest conservation in emerging economies.
• The Asia Climate-Smart Landscape Fund (ACLF) targets Indonesian SMEs in sustainable agriculture and aquaculture, utilizing a 50% asset-level guarantee from the US DFC to attract private capital.

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} }