Land Degradation Neutrality Fund: An innovative fund project dedicated to sustainable land use
To achieve the target of a land degradation neutral world (SDG target 15.3) by 2030, large amounts of financial resources must be mobilized. Public resources alone will not suffice, as acknowledged in the Addis Ababa Action Agenda.
New financial instruments and intermediaries, as well as enabling conditions, are needed to catalyze private capital around SDG implementation. For this reason, Decision 3/COP.12 requested the Global Mechanism to develop options for increasing resources for the full realization of LDN initiatives, including through the “creation of an independent LDN Fund”.
The Land Degradation Neutrality Fund (LDN Fund) was launched on 12 September 2017 at the 13th Conference of the Parties (COP13) to the United Nations Convention to Combat Desertification (UNCCD) in Ordos, China.
With an initial target size of US$300 million, the LDN Fund is a first-of-its-kind investment vehicle leveraging public money to raise private capital for sustainable land management and landscape restoration activities worldwide that contribute to the achievement of land degradation neutrality, one of the global targets under Sustainable Development Goal no. 15 ‘Life on Land’.
Opening the launch event, Monique Barbut, UNCCD Executive Secretary highlighted: ‘The LDN Fund is a very innovative instrument that we developed over the past three years through the Global Mechanism in close collaboration with Mirova and numerous partners from the public sector, the private sector, and civil society. We are proud to see it enter into the operational phase as it will significantly increase finance for transformative projects addressing land degradation.’