Earth Security’s new report 'Financing the Earth’s Assets: The Case for Mangroves as a Nature-based Climate Solution' proposes a step-change in the financing of nature-based solutions to achieve climate mitigation and adaptation.
The report quantifies the value of mangroves as an asset for investors, and proposes a blueprint to embed this value in the financing of climate adaptation of vulnerable cities. In doing so, Earth Security is proposing to use nature-based solution as a cost-effective way to close the gap in financing of $65 trillion that cities need to upgrade their infrastructure to deal with climate change by 2030.
Earth Security has worked in collaboration with investors, financial institutions and governments (HSBC, UBS Optimus Foundation, CDC Group and the Swiss Agency for Development and Cooperation) to develop a compelling business case for integrating mangrove restoration across investment portfolios. The report shows how mangroves can be part of a new generation of municipal green bonds, and proposes the creation of a Municipal Mangrove Bond Fund, showing the cases where municipal green bonds are being used for this purpose.
Webinar launch
The report was launched with a webinar that brought together partners from the finance sector, identifying leverage points from global banking, development finance, and philanthropy to move the agenda forward. The panel provided further insight into the development of this agenda, which Earth Security is taking forward with its partners.
The speakers:
- Alejandro Litovsky, Founder & CEO, Earth Security
- Zoë Knight, Managing Director, Group Head, HSBC Centre of Sustainable Finance, HSBC
- Elizabeth Lloyd, Chief Impact Officer, CDC Group
- Maya Ziswiler, Executive Director, Programs and Social Finance, UBS Optimus Foundation, UBS
- Dr Eszter Mogyorósy, Head of Innovative Finance, ICLEI - Local Governments for Sustainability
- Jaffer Machano, Head of Municipal Finance, UN Capital Development Fund (UNCDF)