Two billion hectares of degraded land worldwide – an area larger than South America – are currently available for rehabilitation.
Nearly 500 million hectares of two billion hectares of degraded land worldwide is abandoned agricultural land. An additional 12 million hectares of land are degraded every year by human activities. The Global Mechanism (GM) is a financial mechanism of the United Nations Convention to Combat Desertification that supports countries to mobilize financial resources and increase investments in sustainable land management, helping reverse, control and prevent desertification, land degradation and drought.
The GM is spearheading the development of a multi-stakeholder financial instrument designed for blended investments in land restoration by the public and private sectors, which could support the transition to a Land Degradation Neutrality (LDN) Fund. The Fund would provide the financial means to support sustainable business models across all land-use sectors, with a specific focus on large-scale land restoration and rehabilitation projects. Through a diversified portfolio of investments in land restoration and the integrated landscape management projects, and in working with a number of regulatory and market-based incentives, the fund will capitalize on and create bankable opportunities to regenerate the productive capacity of degraded lands.
The vision of this Fund is a land degradation neutral economy, where economic growth does not generate long-term net losses to the environment, society, and future generations.
By Simone Quatrini
LPFI Coordinator : Land, Private Finance and Investments
Policy & Investment Analysis
UNITED NATIONS and Convention to Combat Desertification (UNCCD)