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Incentives and barriers to private finance for forest and landscape restoration

Increased private finance can accelerate forest and landscape restoration globally. Here we conduct semi-structured interviews with asset managers, corporations and restoration finance experts to examine incentives and barriers to private restoration finance. Next, we assess what type of restoration...

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Autores principales: Löfqvist, Sara, Garrett, Rachael D., Ghazoul, Jaboury
Formato: Online Artículo Texto
Lenguaje:English
Publicado: Nature Publishing Group UK 2023
Materias:
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC10172125/
https://www.ncbi.nlm.nih.gov/pubmed/37165107
http://dx.doi.org/10.1038/s41559-023-02037-5
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author Löfqvist, Sara
Garrett, Rachael D.
Ghazoul, Jaboury
author_facet Löfqvist, Sara
Garrett, Rachael D.
Ghazoul, Jaboury
author_sort Löfqvist, Sara
collection PubMed
description Increased private finance can accelerate forest and landscape restoration globally. Here we conduct semi-structured interviews with asset managers, corporations and restoration finance experts to examine incentives and barriers to private restoration finance. Next, we assess what type of restoration projects and regions appeal to different private funders and how current financial barriers can be overcome. We show that market incentives for corporations include meeting net-emission-reduction commitments, impact and sustainable branding opportunities, and promotion of sustainability in supply chains. Conversely, asset managers face stronger barriers to investing in restoration as it is deemed a high-risk, unknown investment with low profitability. We find that investment finance biases towards restoration projects in low-risk areas and corporate finance towards areas with business presence. Both private finance types tend to omit projects focusing on natural regeneration. Through expanded and diversified markets for restoration benefits, strong public policy support and new financial instruments, private finance for restoration can be scaled for a wider variety of restoration projects in more diverse geographical contexts.
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spelling pubmed-101721252023-05-12 Incentives and barriers to private finance for forest and landscape restoration Löfqvist, Sara Garrett, Rachael D. Ghazoul, Jaboury Nat Ecol Evol Article Increased private finance can accelerate forest and landscape restoration globally. Here we conduct semi-structured interviews with asset managers, corporations and restoration finance experts to examine incentives and barriers to private restoration finance. Next, we assess what type of restoration projects and regions appeal to different private funders and how current financial barriers can be overcome. We show that market incentives for corporations include meeting net-emission-reduction commitments, impact and sustainable branding opportunities, and promotion of sustainability in supply chains. Conversely, asset managers face stronger barriers to investing in restoration as it is deemed a high-risk, unknown investment with low profitability. We find that investment finance biases towards restoration projects in low-risk areas and corporate finance towards areas with business presence. Both private finance types tend to omit projects focusing on natural regeneration. Through expanded and diversified markets for restoration benefits, strong public policy support and new financial instruments, private finance for restoration can be scaled for a wider variety of restoration projects in more diverse geographical contexts. Nature Publishing Group UK 2023-05-08 2023 /pmc/articles/PMC10172125/ /pubmed/37165107 http://dx.doi.org/10.1038/s41559-023-02037-5 Text en © The Author(s) 2023 https://creativecommons.org/licenses/by/4.0/Open Access This article is licensed under a Creative Commons Attribution 4.0 International License, which permits use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license, and indicate if changes were made. The images or other third party material in this article are included in the article’s Creative Commons license, unless indicated otherwise in a credit line to the material. If material is not included in the article’s Creative Commons license and your intended use is not permitted by statutory regulation or exceeds the permitted use, you will need to obtain permission directly from the copyright holder. To view a copy of this license, visit http://creativecommons.org/licenses/by/4.0/ (https://creativecommons.org/licenses/by/4.0/) .
spellingShingle Article
Löfqvist, Sara
Garrett, Rachael D.
Ghazoul, Jaboury
Incentives and barriers to private finance for forest and landscape restoration
title Incentives and barriers to private finance for forest and landscape restoration
title_full Incentives and barriers to private finance for forest and landscape restoration
title_fullStr Incentives and barriers to private finance for forest and landscape restoration
title_full_unstemmed Incentives and barriers to private finance for forest and landscape restoration
title_short Incentives and barriers to private finance for forest and landscape restoration
title_sort incentives and barriers to private finance for forest and landscape restoration
topic Article
url https://www.ncbi.nlm.nih.gov/pmc/articles/PMC10172125/
https://www.ncbi.nlm.nih.gov/pubmed/37165107
http://dx.doi.org/10.1038/s41559-023-02037-5
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