Prosperous Land, Prosperous People: Scaling finance for Nature-based Solutions in Colombia

The ultimate objective of the project is to enable public and private financiers to prioritize and deploy activities and investments that will unlock the potential of NbS for climate mitigation, adaptation, resilience, biodiversity and beyond. [...] Recent evidence suggests that the implementation of 20 different land- based solutions can provide around 30% of global mitigation needed to deliver the 1.5°C temperature target, whilst also securing the climate regulation function of the existing land sink.8,9 Colombia is in a strong position to use NbS to accelerate the transition to a ‘new food and land use economy’ as outlined in FOLU’s Roadma. [...] As such, the ambition is to inform the Government of Colombia's long-term investment and policy strategy for NbS and to inspire the mobilization of wider investors to deploy a range of financial instruments towards NbS in Colombia and globally. [...] • In 2025, over 45% of finance for NbS could come from the Government of Colombia, almost all of which would need to be disbursed in the form of grants to support initiatives in the initial stages of their development. [...] The Government will also be key to financing the implementation of food loss and waste initiatives, particularly those relating to the Law 1990 of 2019.161 This policy was enacted to ensure access to more healthy and sustainable diets and seeks to incentivize actions to enable more productive and regenerative production systems, support more local trade and markets, increasing the supply of edible.