COP17: How Africa can unlock billions for land restoration — Official
In this interview, the UNCCD official explains the financing mechanisms that could unlock investment at scale, how Nigeria can make rangeland restoration attractive to investors, the support available to countries with plans but no investment-ready projects, and how carbon finance can be structured to ensure farmers and pastoralists benefit.
In this interview with PREMIUM TIMES on the sidelines of COP17 in Mongolia, Louise Baker, the Director of the UNCCD Global Mechanism, says African governments need to move beyond project-by-project funding and develop large, bankable landscape programmes capable of attracting public and private investment.
Baker: In our paper, From Carbon to Co-benefits: Scaling Carbon Finance for Land, Livelihoods and Long-Term Resilience, we looked at how carbon markets are growing rapidly — from roughly $3 billion today to a projected $30 billion to $100 billion by 2030 — while the benefits are not necessarily reaching the people managing the land.
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