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dc.titleNature-based Solutions: Scaling Private Sector Uptake for Climate Resilient Infrastructure in Latin America and the Caribbean
dc.contributor.authorWatkins, Graham George
dc.contributor.authorSilva Zuniga, Mariana C.
dc.contributor.authorRycerz, Amanda
dc.contributor.authorDawkins, Katie
dc.contributor.authorFirth, John
dc.contributor.authorKapos, Val
dc.contributor.authorCanevari, Laura
dc.contributor.authorDickson, Barney
dc.contributor.authorAmin, Amal-Lee
dc.contributor.orgunitClimate Change Solutions Division
dc.coverageLatin America and the Caribbean
dc.date.available2019-12-04T00:00:00
dc.date.issue2019-12-04T00:12:00
dc.description.abstractNature-based Solutions (NbS) are a cost effective way to build infrastructure resilient to a changing climate, while also delivering other societal benefits. Yet, many businesses are unaware of the potential; implementation of NbS by the private sector has been limited in Latin American and the Caribbean (LAC). There is growing demand for infrastructure investments in LAC to meet economic growth and service provision needs, but LAC also suffers from acute climate impacts. LAC is an ideal setting for multifunctional solutions like NbS to help build climate-resilient infrastructure. Through a collaborative project, the Inter-American Development Bank (IDB), UN Environment Programme (UNEP), Acclimatise, and the UN Environment Programme World Conservation Monitoring Centre (UNEP-WCMC) are exploring the policy, technical and financial barriers to, and opportunities for, increasing private-sector uptake of NbS in the infrastructure sector in LAC. This document presents emerging findings and provides recommendations for infrastructure project developers, financial institutions, and policy makers to create a more enabling environment for NbS, these include: Finding 1: NbS need to be mainstreamed into policy, legislation, and regulations Finding 2: Project developers need additional skills, methodologies, tools, and capacities to incorporate NbS into infrastructure projects Finding 3: Defining the business case is an important first step to build support and secure finance for NbS in LAC Finding 4: There is a need to improve the conditions and scalability of financial instruments suitable for NbS investment in LAC
dc.format.extent16
dc.identifier.doihttp://dx.doi.org/10.18235/0002049
dc.identifier.urlhttps://publications.iadb.org/publications/english/document/Nature-based_Solutions_Scaling_Private_Sector_Uptake_for_Climate_Resilient_Infrastructure_in_Latin_America_and_the_Caribbean.pdf
dc.language.isoen
dc.mediumAdobe PDF
dc.publisherInter-American Development Bank
dc.subjectSustainable Infrastructure
dc.subjectClimate Change
dc.subjectNatural Capital
dc.subjectPrivate Sector
dc.subjectFinancial Institution
dc.subjectGreen Infrastructure
dc.subjectEcosystem Service
dc.subject.jelcodeQ50 - Environmental Economics: General
dc.subject.jelcodeG20 - Financial Institutions and Services: General
dc.subject.jelcodeH40 - Publicly Provided Goods: General
dc.subject.jelcodeH50 - National Government Expenditures and Related Policies: General
dc.subject.jelcodeR20 - Household Analysis: General
dc.subject.keywordsclimate change; sustainable infrastructure; resilience; LAC; green infrastructure; ecosystem services; nature-based solutions; natural capital; ecosystems; natural infrastructure
dc.typeDiscussion Papers
idb.identifier.pubnumberIDB-DP-00724
idb.operationRG-T2928
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