
Unlocking private finance to scale up local communities ES protection and restoration
NbS Action
Cleaning, de-pollution and canalization of streams; ecosystem protection; urban drainage.
Description of the Learning Site
In LS3, the promoter is the municipal government and activity is funded via 7.5% of the water and wastewater utility gross revenue (from services), budget appropriations; income from the Fund's assets; donations, reimbursements, or subsidies. This provides a relevant case that highlights both the added value in unlocking financial flows, and the opportunities for improvements/ recommendations, namely covering the governance structure of those funding schemes and their financing sources.
To unlock finance, there is a requirement to understand NbS cost-benefits, to inform risk analysis and enable a more transparent mechanism to define “who should” and “how to” finance the fund.
This LS follows LS2 and provides rich different urban or rural-urban actions, which provide BIOFIN with data on costs and outcomes (ES, public health, economic activity, economic preferences and valuations) that will also be useful to benchmark equivalent private finance models. LS3 will also provide data on the interaction with other urban planning areas such as Housing, with earmarked initiatives used to minimise harmful downstream impacts.
LS2 and LS3 provide examples of the NbS funding schemes deployed in utilities. They will provide initial use-cases for understanding data and governance requirements to activate private finance, how communities can be recruited and incentivised to protect and restore biodiversity.
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