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Best Practices and Conclusion

In: Financing Nature-Based Solutions

Author

Listed:
  • Robert C. Brears

    (Our Future Water)

Abstract

Despite knowledge of the multiple benefits nature-based solutions (NBS) provides, a critical barrier to their widespread adoption is a lack of knowledge over their financing, particularly who should pay for an NBS and how it can be financed. Furthermore, financing NBS is challenging as the solutions are highly context-specific. The result is a gap between current investments in NBS and what is required for the world to meet various climate change, biodiversity, and land degradation targets. Nonetheless, a range of innovative financial instruments and approaches are available to implement and mainstream NBS at various scales and in different contexts to close this gap. Specifically, public, private, and blended financing tools are available to develop NBS across terrestrial and marine ecosystems, involving multiple stakeholders and in jurisdictions of varying climates and income levels. Based on the case studies, the following best practices have been identified for other regions of the world implementing NBS to societal challenges.

Suggested Citation

  • Robert C. Brears, 2022. "Best Practices and Conclusion," Palgrave Studies in Impact Finance, in: Financing Nature-Based Solutions, chapter 0, pages 265-278, Palgrave Macmillan.
    • Handle: RePEc:pal:psifcp:978-3-030-93325-8_12
    DOI: 10.1007/978-3-030-93325-8_12
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