Requested in The COP 13 as part of the Drought Initiative, the toolbox is being designed to provide drought stakeholders with easy access to tools, case studies and other resources to support the design of National Drought Policy Plan with the aim to boost the resilience of people and ecosystems to drought. The Drought Toolbox is currently being developed as part of the Drought Initiative through the close partnership among UNCCD, WMO, FAO, GWP, the Joint Research Centre of the European Union, the National Drought Mitigation Center (NDMC) of the University of Nebraska, and UNEP-DHI.
The LDN Fund is an impact investment fund blending resources from the public, private and philanthropic sectors to support achieving LDN through sustainable land management and land restoration projects implemented by the private sector. GM spearheaded the establishment of the LDN Fund and undertook its initial design with support from the Governments of France, Luxembourg, Norway, and the Rockefeller Foundation and involvement of an advisory group that brought together representatives from public financial institutions, international NGOs and academia. A private sector investment management firm Mirova, an affiliate of Natixis Investment Managers dedicated to responsible investing, was selected competitively to manage the LDN Fund. Officially launched at UNCCD COP 13 in Ordos, China, the LDN Fund is the first-of-its-kind investment vehicle leveraging public money to raise private capital for sustainable land projects. Anchor investors – the European Investment Bank and the French Development Agency – are joined by institutional investors including the first north-American private investor Fondaction, the Fondation de France foundation and insurance companies BNP Paribas Cardif and Garance. The initiative is also backed by de-risking partners that include the Government of Luxembourg, IDB Invest and the Global Environment Facility. In total, investors have announced commitments of over USD 100 million out of a target of USD 300 million.