UN Decade on Ecosystem Restoration Finance Task Force: Financing for Restoration (February 2022)
Channel: CEM ERTG
Date: 2022-03-11

IUCN CEM Ecosystem Restoration Thematic Group Webinar Series 

The UN Decade on Ecosystem Restoration Finance Task Force: Overview of Financing for Restoration

Ines Angulo, Forestry Specialist, World Bank

You can find the complete Series Playlist here: https://www.youtube.com/playlist?list=PLy4Yp_6qh0uEz_oq53_UhEDLHUZNPljRU


Abstract

According to the UN Decade on Ecosystem Restoration Strategy, the scale of investment in ecosystem restoration required for a substantial global impact is likely to exceed one trillion US dollars of public sector and private sector funds over the UN Decade. To place this in perspective, global costs of fossil fuel and agricultural subsidies currently exceed several trillions of US dollars annually. Given the costs of ecosystem degradation and the scale of the benefits from ecosystem restoration, investing one trillion US dollars in ecosystem restoration over a decade is arguably prudent and realistic.

This webinar will present information on the World Bank-led Finance Task Force's work supporting the UN Decade on Ecosystem Restoration goals. It will focus on the initial phase of a Stocktake Report of Financing for Ecosystem Restoration, which aims to provide an overview of the current challenges and opportunities for increasing public and private investment in restoration and suggest a pathway to overcoming obstacles to scale up financing. It will help identify innovative practices at the frontier of green and blue restoration finance and the gaps and pending questions on the topic. The report will provide recommendations on how to incentivize public and private investments in ecosystem restoration, align economic incentives in policies with ecosystem restoration (e.g., subsidies), and create the enabling conditions and environment for restoration following the principles of the UN Decade.

 

Speaker Bio: Ines Angulo

Ines Angulo has over 15 years of operational, analytical, management, and advisory activities experience on environmental, natural resources, forest, and climate change acquired within the World Bank, the InterAmerican Development Bank, the Global Environment Facility, and the non-governmental sector. She is currently a Forestry Specialist at the World Bank. In this role, she provides technical support to the Global Partnership for Sustainable and Resilient Landscapes (PROGREEN), a Multi-Donor Trust Fund that enables countries to deliver on their national development objectives and global commitments on forests, biodiversity, landscapes, and climate change. She also serves as the UN Decade on Ecosystem Restoration Finance Task Force coordinator, led by the World Bank.  Previously, Ines worked at the Climate Investment Funds (CIF), where she oversaw the overall management and coordination of the Forest Investment Program (FIP) and contributed to its knowledge management agenda. Ines has a B.SC in Forestry from the Universidad Nacional Agraria La Molina and holds a Masters in Environmental Management from the Yale School of the Environment.