We’re thrilled to announce the official launch of the “Land Degradation Neutrality Fund”, supporting the Sustainable Development Goals and especially sustainable land use. The Fund, which is co-promoted by Mirova and the United Nations Convention to Combat Desertification (UNCCD) was launched at the thirteenth session of the Conference of the Parties (COP13) of the UNCCD in Ordos, China.
As an early supporter of the LDN Fund, from the initial concept all the way through the design and structuring phases, it’s been a deeply rewarding journey for our team, as we work to support this innovative and much-needed impact finance vehicle that will play an active role in achieving the Sustainable Development Goals.
The LDN Fund, a global impact investment vehicle with a target size of $300 million, aims at becoming a source of transformative capital bringing together public and private investors to fund projects that contribute significantly to land degradation neutrality. Land degradation neutrality is one of the targets under the Sustainable Development Goal on Life on Land (Goal 15) and seeks to promote land management practices to ensure that productive land available is not mismanaged and recoverable degraded land is rehabilitated.
Investors will be progressively on-boarded within the next weeks. An early supporter of the initiative, the European Investment Bank (EIB) is currently considering a possible financial participation and has been followed since by the French Development Agency (AFD) and the Grand-Duchy of Luxembourg.
In addition, a separately-operated Technical Assistance Facility (TA Facility) is being set-up to support the development of promising sustainable land use activities, to build a strong portfolio of projects for the “Land Degradation Neutrality Fund”. The TA Facility will be established in partnership with IDH Sustainable Trade Initiative, and funded by public institutions or private donors – including the Global Environment Facility who confirmed its commitment.