Currently, the global cost of land degradation reaches about US$490 billion per year, much higher than the cost of action to prevent it. As a result, development finance and private-sector capital investment becoming increasingly blurred – with uncertain outcomes for development goal. In addition, the fund will promote gender equality and social inclusion from project design through to implementation on the ground.The governments of France, Luxembourg, Norway, and the Rockefeller Foundation, supported the UNCCD in setting up the fund – as well as an advisory group that brought together representatives from public financial institutions, international NGOs and academia. The Land Degradation Neutrality Fund was conceived by the UN Convention to Combat Desertification, which is the UN body also overseeing activities related to target 15.3 of the Two tendencies strongly influenced the official outcome of the Rio+20 summit and shaped the focus of SDG target 15.3 on the ‘neutrality’ of land degradation (as opposed to halting the further loss of fertile soil and the advance of desertification in dryland areas in the global South). As noted above, it was launched at the 13th Conference of the Parties to the UN Convention to Combat Desertification in 2017 with the expectation that the Fund will secure private-sector investment for the restoration of so-called degraded land and activities to promote sustainable land use. The international community is working to halt and reverse land degradation, restore degraded ecosystems and sustainably manage our resources through a commitment to land degradation neutrality (LDN). Moreover, the remainder of the world’s land must be managed through a broad spectrum of sustainable land use programmes. As a result, development finance and private-sector capital investment becoming increasingly blurred – with uncertain outcomes for development goal. Keep in touch Twitter Linkedin Contact Subscription. They would also bear less – sometimes virtually no – risk of losing their investment if, for example, activities intended to restore so-called degraded land failed to achieve their objective of restoring soil fertility or generate a return. Paragraph 27 of the At the same UN conference, the financial asset management company Mirova was confirmed as the private-sector company to manage the Land Degradation Neutrality Fund. Where they have been tried before, they have regularly resulted in grief, Another area of concern is the seeming emphasis of the Fund on tying independent peasant farmers into outgrower schemes.
LAnd degrAdAtIon neutrALIty (Ldn) Fund project: concept the ldnfund is a new investment territory for initiatives in land rehabilitation and avoided degradation. If you wish to continue, please select a profile. They paved the way for a financial capital firm such as Mirova to be entrusted with managing a fund set up by a UN environmental convention whose principal goal was to advance activities in support of SDG target 15.3 on land degradation neutrality.Governments, UN agencies, private-sector participants and the conservation industry showed tremendous enthusiasm at the Rio+20 summit for the related concepts of a In a push for ‘alternative’ financing options, predominantly from developed countries that are retreating from their 0.7 per cent commitment, the lines between development finance and industrialised country and company priorities on trade and investment have become increasingly blurred. Could the Fund, however, turn into another vehicle for financial capital companies to expand control over land used for peasant farming? The first tendency was that a Green Economy was elevated to the new leitmotif of the international environmental policy agenda; the second was the failure of most industrialised countries to honour their long-standing commitment to allocate 0.7 per cent of their gross national income to official development assistance (ODA).
The Land Degradation Neutrality Fund, co-promoted by the UNCCD, is a first-of-its-kind fund investing in profit-generating sustainable land management and land restoration projects that contribute to SDG 15.3..