EIT Climate-KIC supports a WWF initiative, the Landscape Finance Lab
The Lab is supporting over 15 programmes ranging from climate adaptation to market transformation
Land use accounts for one fourth of world emissions and potentially over one third of possible solutions. But currently, in terms of green finance, only one per cent is going to land-based solutions: Investors and land managers still struggle to generate high-quality and de-risked land-use projects.
In the meantime, major corporations are increasingly engaged with the concept of corporate social responsibility (CSR) and sustainability practices. With their brand power and capital, large corporations, in partnership with environmental organisations, have the potential to drive green finance towards land-based solutions, transforming industries and supply chains, and mitigating climate change.
'There are a number of ways corporations can act on climate. Most of the prominent companies have put measures into place to reduce their emissions by 2020 or 2030, in line with the two degrees UNFCCC target, and using science based targets to do so. This is the case of many WWF partners,' said Paul Chatterton, Founder and Lead, WWF Landscape Finance Lab. 'Additionally, a growing number of companies have pledged to a zero deforestation supply chain by 2020 or 2030, engaging their operations in increasing climate resilience and carbon sinks. But, implementing these commitments is a complex and challenging issue that requires strong partnership and multi-stakeholder approaches.'
The Landscape Finance Lab can help turn these commitments into real results: The landscape sourcing prototypes developed by the lab will craft ad-hoc solutions to establish measures to transition to renewable energy, reduce carbon emissions, promote sustainable sourcing of materials and support biodiversity protection and ecosystem resilience.
The Landscape Finance Lab is pioneering an integrated approach that brings together sectors, scales and stakeholders. It incubates landscape programmes and sources, structures, designs and applies new financing solutions. By moving beyond silos of individual interests and working together around one common landscape vision, all stakeholders can find mutually beneficial solutions to achieve environmental, social and economic results.
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