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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.
January 2021 marked a grim milestone in the COVID-19 pandemic, with over two million people dead. Since the new strain of coronavirus (SARS-CoV-2) emerged on the global stage in early 2020, an historical and unprecedented effort has been deployed to quell this global health crisis. As we settle into a new year with increased optimism following the successful development of vaccines against COVID-19, we are turning our sights toward the future, with critical policy questions in mind.
Awareness that gender biases exist in land‐based activities has grown significantly. Yet, weak legal and social protections for women’s land use continue. This leads to women’s needs, realities and knowledge being overlooked. Although land supports humanity in many ways, progress remains slow in the global efforts to move towards a future where more balanced relations make it possible for women and men to interact with and care for land in equitable and non-hierarchical ways.
Iceland will reach carbon neutrality before the year 2040. This is the ambitious goal that my government set in September 2018 when it introduced a new climate action plan to get us there. We are taking actions that tackle the three major global environmental challenges – on biological diversity, climate change and desertification – simultaneously.
It is my experience that ecological restoration creates jobs, spurs innovation, and offers new opportunities in the green economy. The growing recognition worldwide that there is a connection between healthy robust ecological processes and a healthy robust economy will continue to spur the demand for ecological restoration, which demand businesses are poised to meet
The plight of people migrating in the context of environmental degradation, climate change impacts and natural disasters and the potential governance responses to such challenges have received a lot of attention in recent years. Therefore, the finalization of the text of the Global Compact for Safe, Orderly and Regular Migration (GCN) in July 2018 represents an important milestone for many of the policymakers and practitioners working on environmental migration matters.