COP17: How Africa can unlock billions for land restoration - Official
At the UNCCD COP17 summit, officials are discussing strategies to transition land restoration in Africa from aid-dependent projects to bankable investment opportunities. The focus is on utilizing project preparation support and structured financial instruments to attract private capital.
Why it matters
Scaling land restoration is essential for combating desertification and climate change, requiring a shift in how international development finance is structured.
As negotiations continue at the 17th session of the United Nations Convention to Combat Desertification (UNCCD COP17) in Ulaanbaatar, Mongolia, the challenge of financing land restoration remains central to efforts to tackle desertification, drought and land degradation.
In this interview with PREMIUM TIMES on the sidelines of COP17 in Mongolia, Louise Baker, the Director of the UNCCD Global Mechanism, says African governments need to move beyond project-by-project funding and develop large, bankable landscape programmes capable of attracting public and private investment.
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