About GLF Nairobi 2023: ‘A new Vision for Earth’

The GLF Nairobi 2023 Hybrid Conference, held on October 11 and 12, convened global thought leaders to set the stage for COP28, the upcoming UN Climate Change Conference. This pivotal event mobilised action on critical issues affecting humanity, biodiversity, and our planet.

The conference featured two focused days: Day 1 centered on “Africa’s Sovereign Solutions,” exploring pathways to a sustainable and prosperous future for the continent. Day 2, dedicated to climate, aimed to craft a “Survival Guide for a Planet in Crisis,” paving the way for a fairer world ahead of COP28.

GLF Nairobi brought together a diverse coalition of influential voices, ranging from scientists, activists, and Indigenous leaders to financiers, women, youth, policymakers, and private sector representatives. As a united front, we collectively championed change and passionately advocated for meaningful action in these pivotal times.

About Sandrine Dixson-Declève

Sandrine Dixson-Decleve is Co-President of the Club of Rome and divides her time between leading the Club of Rome, advising, lecturing, and facilitating difficult conversations. She shares her vision for Earth:

 

“By investing in a specific sector without actually changing the current system that perpetuates poverty and inequality, we will not solve our climate crisis. The two key aspects that emerged from all our analyses indicate that poverty and inequality will continue to be the greatest existential threat.”

 

Learn more about the GLF Nairobi 2023 Hybrid Conference here 

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About the Rimba Collective

Rimba Collective is an initiative led by buyers and processors of palm oil to collectively support long-term, sustainable conservation, and restoration of forests. It aims to provide US$1 billion to protect or restore 500,000 hectares of forest, supporting 32,000 individuals in forest communities in Southeast Asia over 30 years, starting in Indonesia.

Rimba Collective aligns with the work of the Consumer Goods Forum’s Forest Positive Coalition of Action, and the post-2020 commitments of an ever-growing number of supply chain companies.

The Rimba Collective financial model has two key features:

• Costs are linked to procurement volumes, integrating Rimba Collective costs into operations procurement decisions.
• Contributions and contractual obligations flow directly from participants to the Special Purpose Vehicle (SPV), managing funds on their behalf.

Learn more about the Rimba Collective.

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RSCF was launched in October 2020 as a practical solution to address this challenge. Supported by the governments of Germany and Luxembourg and implemented by the UN Environment Programme and the Frankfurt School of Finance and Management, RSCF aims to unlock private finance for activities that contribute to forest and landscape restoration in ODA-eligible countries – with a focus on Latin America, Africa, and Southeast Asia.

RSCF enables more private fund managers and investment advisors to set up dedicated investment vehicles that focus on forest and landscape restoration, build strong pipelines of investable opportunities, and increase the number of investments that reach successful financial close. RSCF works to achieve this by providing co-funding for fund, pipeline, and project development support through a combination of outright and reimbursable grants.

Key messages

Visit the Restoration Seed Capital Facility website for more information.

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The State of Finance for Nature (SFN) 2022 report quantifies public and private finance flows to nature-based solutions (NbS) to tackle global challenges related to biodiversity loss, land degradation, and climate change.

Current investments are compared to investment needed to meet targets of the Rio Conventions under the United Nations Convention on Biological Diversity (UNCBD), United Nations Framework Convention on Climate Change (UNFCCC), and the United Nations Convention to Combat Desertification (UNCCD). This report is the second in a series that aims to inform public and private actors about progress against key targets and the extent to which finance flows are aligned with global targets and the investment needed to limit global warming to below 1.5 or 2°C, halt biodiversity loss and achieve land degradation neutrality. It also provides high-level recommendations on how to scale up financial flows to NbS and improve alignment with nature-positive outcomes.

Key messages

Visit the UN Environmental Programme website for more information.

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Half of all forest has been cleared and degraded. An investment in forests is an investment in our future. The Restoration Seed Capital Facility will help the powerful forces of private finance recognize and seize the opportunities of nature-based solutions to combine productive activities with healthy ecosystems. This Facility will contribute to tackling climate change, protecting biodiversity, and creating long-term resilient jobs in communities, thereby helping to achieve the Sustainable Development Goals and commitments under the Paris Agreement and the Bonn Challenge.

What does the Restoration Seed Capital Facility do?

The Restoration Facility will promote private investment in forest restoration by making it easier for fund managers and investment advisors to set up funds dedicated to such activities and to bring projects to implementation faster. As a result, more projects will get funded, project developers and financial actors will enter the market in more significant numbers, and the field will mature and scale up.

Visit the Restoration, Seed Capital Facility website for more information.

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GLF Climate: Frontiers of Change

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