Business4Land: De-risk and Scale to Restore 1.5bn Hectares of Land - Action Dome, UNCCD COP17

So thank you very much.
We show now a video actually about inspiring initiative led by the government of Mongolia.
Thank you.
The world's finest wines come from places like Bardo where the soil, the climate the little time give rise to rapes found nowhere else on Earth.
Noble wool and cashmere are much the same as noble as land, its climate and as pristine as rain shaped the fibers unlike any other in the world.
Noble cashme is sought after for good reason, but the country's hardy goes produce more durable fiber.
An adaptation to some of the harshest ranges on Earth.
Here, unlike almost anywhere else, lifestyle and fueling go past steps.
Jagged combine mountainies.
It is this freedom and this harshness that give Mobleashmi its exceptional character, fine, moon, and silver.
Just as the wines of Cord Doeux cannot be replicated, neither can Mobil Cash milk.
It is the product of the land and the nomatic way of life.
Today, people around the world is turning away from mass produced chemical, synthetic clothing.
Consumers want gardens that last, but also gardens that are natural, safe, and that doesn't hurt materials that are biodegraded.
Moboia offers the world a solution that nation itself is going to a wool, cash meat, and leather gather from free range plastic.
Yet too few people around the world know the story of cash me.
There were once challenges at times when the tech parts to produce garments pull together.
And year after year, mobs raised their standards to the product of quality and supplies of the world's most recognizable fashion houses.
Mobile producers understand the value of their is and the nation is growing more ambitious to add value to its own natural resources, to manufacture world class and finished goods and to bring them to global markets.
Driving this transformation of the White Cold Nation initiated by President of Mongolia Us.
The movement accelerate the journey of mob raw materials on early doorsteps to the global marketplace and into the hands of consumers around the world.
2024-2028, the movement is built on four strategic goals.
First, expanding processing capacity.
This means investing in facilities, advanced technology, innovation, and policies support for value added and finished products.
Second, protecting rangelands and soil, shifting the focus on the number of animals and quality of what they produce by raising value of each finding the movement eases pressure on the land, giving rangelands a chance to recover energy, reducing the impact of climate change.
In recent years, nomaic pastoralism has faced a range of challenges, climate change, soil dedation, improper land use, mainly from cars making past market forces and the difficulty of reaching social services.
To meet these challenges, Moos implementing policies to ensure food security.
We like to climate lifestyle system and are in the process of managing the rocks.
By introducing sustainable rangeland management, the country aims to increase sequestering of greenhouse gases, working in tandem with abilities of transnational.
This e will play a vital role in maintaining the health of ecosystems.
Promoting consumption of eco funding, healthy goods, expanding the use of natural chemical free products that protect the health of lawyers and consumers of life while raising income for herders and workers at the hard.
So what real value will the white world national movement create that promises reaches far beyond exports and economics.
At its heart mexico world's thousand year demand of civilization, a life lived in harmony with nation, principles of modern sustainable development.
It is a bridge between heritage and future, transforming the value created by the herders forstep world plastic products to market.
And in the bigger picture of Mars turning point Roy Mo for a supplier for raw materials for a producer of finished goods, a nation claiming a greater share of the value drawn from his own land and create a lasting opportunity for its people and the generation still to come The Wonderful White Gold Initiative.
Your Excellenciess, esteemed guests, ladies and gentlemen, welcome, or for some of you, welcome back.
This morning, during the opening session of the Business for land Forum, we set the state.
We heard about the scale of the financing gap, and we began making the case for land as an investable asset.
Now comes the difficult part.
How do we actually make the investment happen? Because capital alone, as we is not be the issue.
Investors need projects they can invest in.
Businesses need risks, they can price.
Governments need mechanisms capable of taking promising ideas and turning them into investable propositions.
For the next 2 hours, we are going to move from the why to the how.
How do we derisk investment? How do we create a pipeline of investable projects? How do we use insurance, blended finance, technology, and public private partnerships to bring capital in? Ultimately, the big question here is the following.
How do we scale? So from Mongolia's land economy, we're now going to turn our attention immediately to the financing architecture needed to support transformation at scale.
So, ladies and gentlemen, please join me in welcoming Roland Ryland, who's ambassador of the Grand Duchy of Luxembourg to China and Mongolia for opening remarks on innovative finance.
Roland, please.
Thank you very much, Charlotte.
Ladies and gentlemen, are there any ministers left? No, but there are some ambassador colleagues left.
Ladies and gentlemen, esteemed guests, it's a great pleasure to be here.
It's a great pleasure to be back here.
I'm going to tell you why soon.
I was once a couple of years ago, the national focal point for this convention and my last cop was the one, the cop number 13 in Ordos, China in 2017.
Where we came up with the first solution to the questions that you've just raised, Charlotte.
But before starting, let me first of all, commend the Secretariat of the convention and all of you being here giving up your lunch break.
I have been participating or listening to the previous session and as we have difficulties in moving forward negotiations up there, here we can see and hear and witness concrete examples of how to move forward, of how to measure land appreciation and the increase of land productivity, for instance, in the previous session, very interesting.
Then of course, moving on to finance.
So in Luxembourg, what we are doing, we are trying to leverage the experience of our financial sector.
We started off over 20 years ago with setting up microfinance investment funds, microfinance dedicated investing into microfinance institutions in the Global South.
We have moved on ever since.
I've just mentioned my last appearance at CP 13.
At that precise CP in Ordos, China in 2017, we launched, I think the first investment privately managed investment fund investing into the restoration and rehabilitation of degraded land.
It was a risk at the beginning.
It was something new.
But the fund, which is managed by a French private asset manager, the fund managed to gather over $200 million and has made very important investments over the last couple of years in sustainable agriculture from rehabilitated land, from restorated land in the Global South.
It shows that it works.
Why does it work? Because we found an interesting equation of getting public funds together with private investments in a blended architecture in which the public funds would take over the highest risks of the fund.
So the first loss, so called, and deleveraging overall, reducing overall the risks of private investors joining the fund.
And I am happy to inform you that following this first success of the land degradation neutrality Fund, we will be presenting at this COP a new fund, together with the Secretariat of the Convention in which we focus more on drought resilience building.
Again, for affected country parties in the Global South, What is this fund going to do? This fund is going to invest primarily into the protection of land, into water resources, sustainable irrigation systems, water, I'm sorry, I'm over a bit long, cleaning of water and using this water again into agricultural and pastoralist systems.
I would like, given that I don't have more time, I would like to invite you all to come tomorrow at 11:30 at this very place, at this location where we will officially present this new investment fund.
So maybe in framing the discussion for the speakers afterwards, I think it is very important to look at the incentives that we can create for private investors in joining such an undertaking.
How can we do that? How can we showcase the improvement of land productivity and the appreciation of land in making land an investable investment class or asset class? The other side of the coin is obviously, how can we prepare bankable projects? It's probably for those of you who are involved in this is probably no news if I'm telling you that each of these funds is always accompanied by a technical assistance facility in order to help project carriers, project builders to come up with bankable project that would satisfy the criteria in order to pass the investment board of the respective fund.
I am available for more questions later on, and I look very much forward to the discussion and I look forward to welcoming you tomorrow at the presentation event of the Drought Resilience Investment Facility.
Thank you very much.
Many thanks, ambassador and congratulations on the launch of this very innovative and interesting fund, indeed.
So we've just heard about finance, but ultimately finance has to translate into something tangible, Hector's restored, communities strengthened, and businesses that work.
For our first conversation, I am joined by four leaders approaching that challenge from government, from agribusiness, consumer goods, and community based conservation.
So please join me in welcoming Her Excellency Inna Marchi Unite, who's ambassador of the European Union to Mongolia, under a warm round of applause, please, ladies and gentlemen, Thank you, Ambassador.
It Ana.
We will also be joined by Helmi Abolish, who's CEO of Skim.
Ul Yang Bey, who is team lead for Corporate Social Responsibility at Johan Kimberley.
Welcome.
And Hasal Tone, who's stakeholder engagement manager for the Kashaka Gumpti National Park Forest Carbon Project in Nigeria.
Please come and join us.
Welcome to all of you.
I'd like to come to each of you with one question to start with, and then we'll finish with a very quick fire round.
Ambassador, to start with, let's begin at the systemic level.
We're meeting today in a world where around 40% of land is degraded, while land degradation and drought are estimated to cost the global economy $878 billion every year.
Let me ask you very directly, what is the EU proposing to do about it? And in particular, how can policy and public finance help de risk the private investment we need? Thank you very much.
Of course, the figures you mentioned are impressive.
I wanted to concentrate on dry land speaking now today with you on this panel.
I also wanted to add some figures to the figures you mentioned already.
We all need to remember that 44% of world's croplands are in dry lands and they hold also 50% of the livestock globally and one out of three persons live in this area.
I think we keep forgetting it.
Unfortunately, dry lands were for quite a long time forgotten.
And we could do a lot about this land, and it's good that we are talking about it because we know also besides food, you'll also get some commodities that are very important for pharmaceutical for cosmetics and also for food industry like Frankincense Gum Arabic shear and Kashmir that Mongolia knows very well cotton, sesame, Moringa could be found only in this area.
If it disappears, part of our economy will be lost.
Keeping it in mind also European Union is thinking how to assist with investment in those businesses that try to get to dry lands and how to actually restore the dry lands.
And we have a number of the financial tools in our possession because we have our grants, we have our blending mechanisms, we also have our guarantees, and because of that, we try to build new programs, and just recently, a little bit earlier on in the ministerial, I launched a new program of the European Union of 20 million Euros, which is called Shrivelands.
This program is not only for public sector, because it's very relevant today's topic that businesses should be our partners there.
It will be implemented by the Landscape Alliance, and this program is very much important for building new alliances.
We invite, as we defined in our global gateway strategies for Asia as well because here we speak about Asia Asia Pacific, that businesses need to come and work together with us to make dry land sustainable.
If you want to learn more about the program, I would invite everyone to come on the 26th of August 3-430 at MET 01 and to participate in our workshop where we will speak more concretely about what we plan in this particular program.
Sorry, is my microphone working? It is fantastic.
Ambassador, many thanks and thank you for the invitation to take part in his workshop too.
I'm now going to turn to Helm because Helm Sekm is literally the embodiment of the title of this session because your father began back in 1977 with a stretch of Egyptian desert and today, Sekm spans farming, food, textiles, medicine, healthcare, education.
Am I forgetting something here? But crucially, it's a business.
It's not a charity.
That's what's really interesting about it.
What actually did you have to derisk in order to reclaim desert to a scalable commercial model? How did you do it? Yeah, thank you very much for giving me the opportunity to present this case, which indeed started in the desert from nothing.
50 years ago and today there are 20,000 acres of desert restored, reclaimed, regenerated out of sand.
We have living soils.
This shows that living soils is a wonderful platform for economic development.
Living soils can produce all kinds of crops, and we are indeed producing all kinds of crops for Egypt, for the local market.
And our products are in every single household in Egypt, via 50,000 supermarkets, 35,000 pharmacies and have created 3,000 jobs for food, pharmaceuticals and garment production.
And the profits have been reinvested into schools, a university, and hospitals, community development projects, and so on.
Now, what is this in relation to the 7 million farmers of Egypt, to the 7 million acres of Egypt? It's still small.
So five years ago, we decided we want to upscale.
We want to make this model available to all the farmers in Egypt.
And this is when we then indeed started to look, how can we upscale the model? And it was Focusing on ecosystem services, which made it possible.
An organic farmer is providing healthy organic food, but at the same time and he's not valued for this, he's providing ecosystem services, less water consumption, C two in his soil and his trees, less energy, and so on and so on.
Putting all this together, we have created our own economy of love standard, including into the standard ecosystem services, which today are used to compensate the farmers, our real climate heroes in Egypt, for their ecosystem services.
With this compensation, they are able to sell their organic products in the local market for the conventional price.
We are not in this niche of wealthy people.
No, we are selling into the villages organic products for every consumer in Egypt.
Over the last three years, we reached 40,000 farmers.
Over the next three or four years, we want to reach 250,000 farmers, reaching 1.5 million acres, which would be 20% of Egypt's agricultural land, and this would make it system relevant.
We believe that using ecosystem services to compensate farmers, go from conventional to organic farming, provide healthy food, having better livelihoods, sequester millions of tons of CO two in their soils and trees, improve biodiversity, water holding capacity of their soils and so on, is a scalable model which would help all of us to go to this 1.5 billion hectares of land restored in the next three, four years.
Thank you.
Thank you very much, Hemi, a very impressive example of how desert regeneration can be profitable.
We have another company or another gentleman here who is also proof that you can make changes one hecta at a time.
Mr.
Bay, your company has been planting trees here in Mongolia since 2003 and since you started, you have planted more than 13 million trees across roughly 3,250 hectas.
So that's more than two decades of sustained corporate commitment to land outside your own home market.
So for companies out there wondering whether that kind of patience can possibly make business sense, how did you make that commitment and after 23 years, what have you actually delivered besides goodwill? Thank you for inviting me.
I actually when we think about risking the long term investment, I think we do not really too much think about risk.
Because, to be honest, the private sector, if we think about long term perspective and then risk itself, we're not going to start it.
So we focus on the visions that we have.
We do have visions and purpose.
We have the visions, like we act for life, health, and the planet and also we have a purpose.
Actually, we have the sister company, the Kimberly Club, which has the same purpose.
Careful, better care for better word, where we focus on two things, our purpose and the visions.
The only difference is the consistency.
Most company really wanted to do it exactly the same way, but same approach, but consistency is somewhat different.
As you said, the touch number one solutions, I think.
The second is the long term commitment.
When you think about the forests, it isn't to create one year or two years.
At least a decade.
That's the units that we have to expect.
When we think about restorations or refresorations, we only think about the decades of the long term perspective.
That's the realistic approach, I believe.
The second one is that we really need multi sectoral governance.
Like from the start of, you know, the campaign, we worked together with the government, especially in Mongolia as PAA and also the Korean NGO because we are you know business in the Korea, so the peace progress and also expert and the academia.
Or, you know, this kind of the multisectoral governance always minimize the risk that we may face.
Once because once we focus on one items by one company, we easily abandon, but multi sectoral governance, you know, to protect those decisions.
So that's another key things that we learned from the experience.
Actually, in Korea, as you said, we started the project in 2003 in Mongolia, but in Korea, We had the project, based on the forg restorations.
We call it U Gan San Pug Pug in Korea in English, Cape Korea Korean campaign, which started in 19 of 84.
So from our experience, we learned that long term perspective will make a big difference.
We focus on not the number, we focus on the changes we may face.
So these are the factors that these are the reasons we could make.
Finally, a lot of people say that you're not going to make a business reserve or business value, but that's not true though.
We can with these activities, we got trust with our consumers.
So we can make environmental values Mongolia and also we got the social values for Mongolian community.
Also, we got the vision is values in Korean consumers.
So long term perspective and consistency make changes.
That's what we learned.
Thank you so much for listening.
Thank you very much, Mr.
Bays.
It's a big ask for the business sector to maybe switch from a logic of short term profit to a long term vision of consistency, which will bring in resilience, of course.
Now, Horsfall, Tony, we've talked about regenerative business models and long term corporate commitments, but of course, none of this will work if we don't actually include if it doesn't benefit the people who live on the land and have a stake in it.
That's exactly what you're doing with the Gashaka Gunti Project, which covers an extraordinary landscape, Nigeria's largest national park, and you are targeting about 12 million tonnes of CO two equivalent removals whilst engaging 150,000 people in surrounding communities.
How do you make local communities partners in those big projects? Okay, thank you very much.
For us, we've approached the risking by mainly putting these communities at the center of our restoration and conservation efforts, by making sure that it makes economic sense to them and improves their benefits and and livelihoods.
And that's why even in our project design, 60% of profits from sales of carbon credits will be reinvested back into these communities.
What we have noticed from our experience in Gashaka is once communities see a leap from land restoration to restoration of their livelihoods, it boosts their confidence, it inspires them, it builds trust.
They take ownership and becomes the safeguard of the projects.
And I think we can replicate this model by two things quickly.
Number one, more public private partnerships like the Type African Nature Investors Foundation, which is a biodiversity conservation NGO, has with the National Park Service of Nigeria, a federal government Pratt under the Ministry of Environment, and they both have a 30 year renewable partnership agreements to co manage the landscape.
So that's why this model is working.
We need replication of those.
And secondly, quickly, we will need more beyond good intentions, we will need patient partnerships and financing mechanisms that can finance L stage projects and bridge the gap between restoration efforts of today and getting a reward or returns tomorrow.
And we thank FSD Africa SCP grants that have supported Kshaka to upscale to this level.
We need more of that because restoration project scale when communities and developers have a secure pre financing or offtake agreements to be able to kind of like reinvest and scale.
And that's the only way conservation can move from a pilot to a viable asset class once we have this pre financing secured or investments.
Thank you.
Thank you very much, W, Tony.
So very interesting pointers here and a keyword, patience in building those partnerships which are essential to bring on change.
Sadly, we're running out of time.
I think time is the most precious currency here at COP 17.
I'd like to challenge our distinguished panelists to close this conversation, to maybe share one sentence with us to address the following question, what would allow you to de risk and scale faster over the next, let's say, 12 months.
Ambassador, would you like to start? I think that we need to be concrete.
My proposal would be that tell us under which conditions you want to invest into sustainable dry land management or management of the dryland commodities.
Then let's look together with European financial tools like the risking or technical assistance could be the best fit for that.
Thank you.
He me.
I believe it would help if ecosystem services would be acknowledged more by investors, development partners, and banks as a monetized value which should get into the economic balance sheet, could get into the economic viability of a project.
And so we need functioning markets for ecosystem services, carbon credits and so on to make it possible to upscale rapidly with many, many more farmers and the Initiatives like the ones in Africa quickly.
Thank you.
Juan By in one sentence.
Wow.
That's really difficult questions to ask because I'm not sure about the real solutions, but from our experience that I always told you several times the belief is really important to make it happen and without it, it's not easy.
I personally believe that actually this private sectors is not easy to participate.
So without philosophy or the strong mindset, it doesn't really happen.
That is the things that we may need.
Thank you for that.
Host Tony.
Yes.
Mine I'll call for more efficient flow of finance into impactful projects.
That's what makes communities to come all out.
That's what makes developers to scale.
Thank you.
Well, thank you and many thanks to all our wonderful speakers here for sharing such practical and pragmatic recommendations and amazing examples of how you can change 1 hectare at a time.
Let's have a big round of applause, please for our guests.
Thank you.
Next, to bring in an Asian perspective on financing forests and land cooperation, please welcome doctor Shungu Park, who's Executive Director of Af the Asian Forest Cooperation Organization.
Thank you.
Can we have a warm round of applause, please for our next speaker? Thank you, moderator.
Okay.
I up.
It is because I was working for Korean government.
In 2011, cap ten of UNCCD was in charge of me because I was a Director General in charge of carbon ten in Tanwan.
After I retired from government, I was working for Asia Forest Cooperation Organization.
Thank you very much for moderator for giving me the opportunity to introduce our focal and our activities.
Distinguished readers, partners, colleagues, it is a privilege to join you today.
On behalf of Asia Forest Cooperation Organization, Apco, I'd like to extend the sincere appreciation to BOL and the UNC Secretariat for the invitation to speak in this session.
It is a great pleasure to join you today and share regional perspective on financing forest and and restoration in Asia.
At our Focal Asia Forest Cooperation Organization, we work across our 15 member countries to turn restoration ambition into action on the ground.
From our experience, one message is clear, Desrtion cannot be scaled by public fund alone.
We need to connect public finance, climate finance, and private capital.
After I become the Executive Director of P Secretariat four years ago, I tried to diversify funding source.
Firstly, I contacted many Korean big company.
And then I contact many global engager who had interest in environment, forest, and so on.
The mostly they are having interest in forest carbon, not usual ODA project, not ODA, not the usual grant project.
Therefore, I would like to focus on forest carbon fund project to diversify funding source.
This is particularly important in Asia where country have a strong restoration ambition, but many projects are still too small, too early stage and too risky to attract commercial investment.
At Afoco, we are trying to bridge this gap in practical a.
One example is forest carbon.
We are developing and implementing forest carbon project, particularly through afforestation and restoration in countries such as Kyrgyzstan and Cambodia.
Through our collaboration with Rb Bank in the Netherlands, Akon program, we are also exploring how carbon finance can support restoration while generating tangible benefit for small stakeholders farmers.
But carbon finance is only one part of solution.
Across the Asian region, our focus is working with international financial institution and the development partner, including Asian Development Bank and the European Bank of Construction and development and the World Bank, while also expanding partnership with diverse range of corporate partners, interest in forest retration, carbon, biodiversity, and the nature based solution.
Our role as regional organization is to help bring these actors together, government that define national priorities, financial institution that can provide capital business that bring investment and innovation and local patterns that turn finance into Hector destroyed underground.
Afocco is an intergovernmental organization, our focal point is a government.
Therefore, Afoco has a very strong point because most forest related to carbon project government role is very important in terms of policy and regulation.
Without government regulation and policy, we cannot plan, implement, evaluate any carbon project.
Sometimes A may know our country except Brunei, our Certain member country are least developed country and developing country.
As you know, there are so many challenges.
To plan and implement forest carbon project.
Therefore, intergovernmental organization has very crucial in terms of solve very challenging while planning and implementing those kind of challenge and barrier.
Fortunately, with our successful story of a forestry project in Kyrgyzstan, we already have a benefit sharing with the carbon value to the local engagement farmer.
With this successful story, right now, the many global engager not only the international organization, some institute, but also private sector, we are planning and implementing many project.
I have 1 minute.
Don't worry about that.
Therefore, early this year, AFOco also became an accredited entity of the Green Climate Fund.
This gives us a rather important tool to bridge public and private finance.
Our ambition is to use GCF and other public resources, other Catholic capital to prepare bank of project, reduce early stage risks, and ultimately mobilize a larger flow of private investment into forest and and restoration.
For us, therefore, the question is not only simple, how to find more funding for restoration.
It is how we build the financing ecosystem in different source of capital can work together.
This is where regional cooperation can make a real difference by connecting countries, financial institute and business.
We can aggregate opportunities, share risk and experience, and develop registration models that can be duplicated and scaled across borders.
Our focus is ready to serve the bridge connecting forests, finance, and partnership and turning regional ambition into measurable action on the ground.
Thank you.
Thank you.
We keep using the word finance, but what kind of finance? Because private capital still accounts for only a fraction of what's needed to tackle land degradation.
The barriers are familiar, perceived risk, long term horizons, insufficient pipelines of investment ready projects, and sometimes simply a lack of instruments capable of matching the risk.
Let's talk about creative capital next.
How do we use blended finance, insurance, revenue generating business models, and national investment platforms to make land investable at scale.
To discuss it, I am delighted to welcome.
Carrie Vigsto, who's water scarcity and resilience lead at the Nature Conservancy, please come and join me on stage here.
Thank you.
Chenchen Yao who's head of ESG at Gino Sola, Miguel Solana, who's team lead for the Insurance and Risk Finance Facility at UNDP, and Jacnbyaskn who's advisor to the President of Mongolia for Project coordination and Civil Society policy.
Let's give them a big round of applause, please.
Very warm welcome to all of you Care.
I'm going to start with you here because the Nature Conservancy is launching its financing for land Restoration playbook right here today, bringing together real world financing mechanisms for drought resilience, range lands, and restoration.
Across those examples, can you tell us what distinguishes a restoration project that is environmentally compelling to one that private capital could be interested in? Yes.
Thank you so much.
It's great to be here and we're really excited to launch this new playbook on innovative financing for land restoration and drought resilience alongside UN CCD and many other partners, including GI Zed, Global Water Partnership, Illy, Mongolian Nature's legacy Fund, and Enduring Earth.
We will be launching this today at our pavilion, the TNC Pavilion in the Blue Zone at 6:00, so please come and hear more about it then.
I think what we found in our work and in gathering these stories from the Nature Conservancy, but also all of these other partners is that investing in nature and people can be financially valuable at scale.
Um, and really what's exciting about that is not only is it financially viable, but that we can also deliver on these other benefits, including improving biodiversity, strengthening water systems, advancing climate mitigation and adaptation, and supporting local communities through stronger livelihoods, expanding their access to finance and technical support, and more inclusive governance.
I think to your question around what makes this viable, there are some really good examples of what this actually looks like on the ground in the playbook.
I think some of the things that we look across those cases, and we've heard this before from other speakers, is that the blended finance, the public, private blended finance makes these cases for investment for private investors more attractive because we're able to reduce the risk for that private investment with that blended finance.
I think also what we're seeing, although there are some common archetypes across the cases, it's really important to identify the value opportunity in each context with the understanding of the policy context and how you can create these investment mechanisms that are sustainable over time.
And so I really request that you come and join us today at 6:00, and we're happy to share more stories, and I can tell you a couple of those stories if we have time right now about some of those specific mechanisms that we're engaged in in Mongolia and in many other places around the world where we work.
So Sadly, I'm afraid we're going to run out of time for stories, but I'm sure they're very compelling.
Thank you very much for that.
I'd like to switch to Geng now because China gives us a fascinating example through PV plus sand control, that's using solar infrastructure not only to generate electricity, but also to reduce evaporation and wind erosion and enable vegetation and economic activity on degraded land.
The electricity revenue effectively helps pay for restoration, which is fascinating.
What does this model teach us about turning degraded land into a revenue generating asset? And how can we replicate outside China? How? Single sh I have to say, because I boil down some keywords from the last several sections.
I heard about charities, philanthropy, support nra.
You know, I have to say very times, you know, eco restoration stand apart from the commercial terms, you know, I guess these PV modules, think and too models, you know, is trying to seek to bridge the gap in China report.
Okay.
In China, for CO, we already, you know, deployed over 20 gigawatts solar panels in that region among this project.
And here are these three enabler.
The first, I guess, like Slot mentioned is like revenue stacking, you know.
This is not simply the model is not just simply like panel on sand, it's a ecosystem, panel generate powers, you know, the the shades on the surface like reduced evaporations, and enabling vegetation underneath.
Those kind of multi revenue streams enable our investor to give them confidence.
The second will be today we're talking about technology, go panels, engineering ways for extremely high UVs like thermal, like engineering, this year, we also launched the anti dust type of modules just designed for the desert regions.
So for this kind of, you know, hardware, special designed for these regions give you know, the investor operation risk the risk.
The third, I guess, is the most important thing is the policy risk.
In China, you know, those kind of large we call the Shang Hwang large space program coordinates the energy, water, agriculture authority, and the one national strategies.
So like the land are state owned, The leads are sent to standardized, UVH ultra high voltage lines are planned in advance.
Those kind of institutional coherence give investor confidence.
This model, I have to say is not just only function in China.
It works, it did travels gigawatt project has been deployed among, for instance, like Saudi across the Middle East, but we also see some regions did hit the worst.
I gave you three, I guess, challenge.
The first is the land complexities, the ten year complexity.
In some regions, dry regions like Saharan Africa, Central Asia, the traditional and shared land right create legal ambiguity.
If you capital cannot price the products, it cannot secure.
The second probably will be against the first is price.
The second, I guess, probably is the policy as well the capital as well.
I'll give you examples, the cause of death for for climate related projects in Europe is 2.8 percentage, for Africa is 20 percentage.
If you face that high of the cost of the capital, how can you survive for this model? The last year due to the policy ones, I guess we need to that is why everyone can compare in cop 17 the business for land, we work together jingle bring technology, brand experience, and multilateral partners work together to find unlocked the possibilities.
Thank you.
Thank you very much, Jen Chen.
Very, very impressive examples here.
I'd like now to speak to Miguel, Solana, because when we think of insurance, normally we think of insurance as something we use when something goes wrong.
I'd like you maybe to tell us how we can make it a little bit more ambitious and use it to unlock Investment in more resilient agriculture and land management before something wrong happens, before the shock occurs.
Thank you for the question.
In this case, I would say, yeah, insurance, first of all, helps us to cope when something goes wrong, but then it has a behavioral element that I think is if you're thinking about a smallholder farmer or an MSME in rural areas and they had to invest around 80% of their assets of their capital into adopting new practices.
Would you do it if something goes wrong and you're going to lose everything? And this is this behavioral element of insurance allowing you to take these steps, to take these risks forward, and this is around people understanding how they are protected and how this protection to work for them.
And third one is around the thing around how insurance can unlock financing portfolios.
Are regarding land management and restoration, and we can see that in many cases, private financial institutions are sensing that many of these projects are extremely risky and that they could go wrong.
And therefore, if we help them to manage the risk regarding this, they will be in a better position to start allocating resources.
On the other element, we can also be thinking that the pricing currently, it's like a compounding element of things.
And usually, you would think that um, the project is risky, therefore, the lending rates need to be higher.
And then if we want insurance, we need to make it even higher and so on.
So therefore, when we can work with regulators, financial insurance regulators to start bringing this cost down, then we can really drive more affordable.
I mean, first of all, improve the risk appetite of financial institutions, and on the other end, we can really be thinking about decreasing the lending rates that farmers and institutions are paying behind this financing for this kind of solutions.
Very interesting insights here.
Thank you very much for that, Miguel.
Hafla now, Mongolia, our host here for Cp 17, is launching the National Green Lab and that brings government, business, conservation, and finance together to turn restoration opportunities into investment ready projects.
But pasture lands and ecosystem services don't look like conventional infrastructure, even though as we mentioned it this morning, they are infrastructure, nature is infrastructure.
From the president's office perspective, What does investment ready concretely look like? Thank you.
It's a very observation.
I sit on every side of the table with multinational institutions, private sector, and parliament.
If there's one lesson that I've learned from that experience is that Mongolia never lacked any good ideas or good policy intent.
What we are really lacking is the translation layer.
Something that turns national ambition into a project that investors can actually commit to.
That's precisely the National Green Lab is about to close.
Investors don't invest in land or livestock as an idea.
Investors invest in secured cash flows, secured pipelines and governments they can trust.
When the Office of the President of Mongolia, together with the Business Council of Mongolia and Mongolia's Natural Legacy Foundation fund, the starting question wasn't how do we build another platform.
The question was, why do we have so much land, so much livestock, and so much renewable energy potential, and so little of it is structured in a way that capital actually recognizes.
So Green Lab exists to do to close that gap, converting natural and pastoral assets into bankable and investable projects, whether that's a ranch land restoration, or carbon finance or green infrastructure tied directly into the livestock.
That's exactly where it connects to the White Gold National movement initiated by the President of Mongolia, Arno.
White gold has been doing essential work on the supply side of the herding economy, quality standards, traceibity, standardization, and market access, which we are helping Mongolian cashmere and livestock driven products to compete globally.
So the Green Lab is the financing counterpart to that effort and where white gold builds the value chain.
So Green Lab builds the capital architecture around it, the investment instrument.
So it means pulling small herder assets into scalable investable assets.
So it means building to share the risk, reducing the risk for the cooperatives and herders and also reducing the risk for the ranch land restoration projects.
So that's what opens the door for real financing at home and abroad.
So neither really works without the other.
You can have best cashmere and the value chain in the world, but if there's no bankable structure behind the land and herders who work it, that value never capitalizes.
So you could have a real climate finance in Mongolia, which we do have, but without the wide Gold's groundwork, there's no credible pipeline to put that capital into.
So you can see on the screen that the Green lab is established this year, prior to the CP 17, and we have received about 135 projects and we have selected 15 projects and actually today this morning and in the afternoon, there's a pitching event happening, and we already have received a commitment from the EBRD, which I am very happy to announced that three of the projects they will be supporting.
The main 15 projects are including into seven different sectors, including the sustainable value chain, landscape restoration, soil health, ranch land protection, technology based solutions, and sustainable resource livelihoods.
Basically, my minutes has run out.
Basically, the idea is that White Gold National movement is preparing the groundwork from the herders and cooperatives to the market access and National Green Dave is preparing the uh they are kept to make it investable and to capitalize it.
Thank you.
Thank you, Jan and congratulations on this Green Lab initiative.
Here four different speakers coming from a very different perspective, but all offering very creative ways to harness capital to deliver change.
Many thanks to all of you for being onstage with us here this afternoon.
A big round of applause, please, for our guests here this afternoon.
Thank you.
Next, ladies and gentlemen, we are delighted to welcome Lorenzo Fatty Bene of EI, who will share the and Manifesto with us, Lorenzo, over to you.
What is uninsurable is not bankable and what is not bankable cannot be deployed.
I'm the global sustainable insurance leader at why and we're working with the UN CCD because we want to change the equations simultaneously.
This is part of a vicious loop to poverty and one of the reasons for blended finance failed to scale.
Uninsured land, unsecured land, have no or limited credit wness, which means zero capital.
Without that, there is no land restoration, land management.
Therefore, the risk increases and it's a continuous loop.
The reason for that are just structural.
Risks are fragmented.
There is no standard interpreable mechanism to address them, and as a consequence, each transaction takes a lot of effort at the individual level and the time to execute from concept to clause is so long that possibly the investment opportunity has walked away.
Aligned to many of the things I've heard this morning about risk and just now, Miguel, with the UN CCD, we want to change this framework.
We want to move from insurance as an ex post recovery interventions into embedding insurance ex ante, within a risk finance mechanism.
We also want to move from fragmented risk transactions into a more standard replicable protocols.
So for that, we looked at 40 we looked at the draft insurance to start with.
And just for that we find more than 40 archetypes of insurance conditions, and this is only for the meso layers.
So our ambition is to build an open platform to facilitate transactions and deals and embed insurance into capital stock and financial transactions.
Now you, this is a call for actions.
If you are a corporate, private development banks, insurer community, please show the previous slide.
Engage, get in contact.
Get in contact through the QR code and have your voice provide your input.
I know what you're thinking, insurance, that's boring.
No, please join and I'll guarantee that they can be also fun and particularly useful for all our initiatives.
Thanks.
Many thanks, Lorenzo.
We have spent a lot of time today talking about the shortage of finance, but there is another problem which may be as important because sometimes the capital exists, but the investable project doesn't.
A restoration project can deliver extraordinary environmental and social outcomes and still fail an investment committee.
Because impact is not the same thing as bankability, that will be the topic of our next conversation.
Now before we begin this conversation, I have an important announcement to make on behalf of UN CCD because we are formally here today launching the Finance expert group, that's a standing group of finance and investment practitioners who will work with UNCCD to help turn the commitments we are hearing into a natural pipeline of bankable land and drought resilience projects.
Now, for more information on how to get involved, well, you have to wait.
It will follow through UNCCD after Cp 17.
Before now, let's go back to our important panel question, what actually makes land bankable? To discuss this, I am delighted to welcome Gloria Woso who's head of Humanitarian Insurance at African Risk Capacity.
Inacio Lorenzo, who's Director of Technical Advisory on biodiversity and climate at CAF, the Development Bank of Latin America and the Caribbean.
Felipe Oltega Schlingman who's head of the Bio Economy Division at the European Investment Bank, and Lee Suke, who's General Manager and chief expert at Santan Walk Agriculture Development.
Welcome to our panelists.
So many thanks to all of you for joining us here this afternoon.
I'm going to start with you, Gloria, because we cannot isolate one particular piece of that risk.
Where does insurance fit in the financing architecture for land and drought resilience according to you? Thank you.
I hope you can hear me.
Thank you so much and good afternoon everyone.
First of all, I think it's important to remind that insurance should not be seen as standalone instruments, but instead as a tool that work alongside with other instruments, and therefore, there is no debate about the importance of insurance fitting within the architecture financing, but more how the insurance can make stronger when it comes to financing overall.
So, we know that land and water investment can also be exposed to climate and disaster risk, and that's what we try to do at African risk capacity.
We provide pre arranged financing through risk transfer using mainly parametric insurance and risk pooling.
So government, development bank donors or private investors may put capital into restoring degradated land, improving soil health, strengthening water management, or supporting more resilient communities.
And because they are affected, but they can still be affected by drought, flood, cyclone and extreme weather events.
These are exactly the kind of risk that insurance can help manage when they are well defined, measurable and uncertain.
The uncertainty is very important when it comes to insurance because we cannot ensure a risk that is already there, and also we cannot predict price risk that we cannot measure.
So once everything is aligned, the risk, the trigger, the financing are defined in advance before the season starts.
So once the pre agreed threshold has been reached, then we make the payment very quickly.
At African risk capacity when it comes to drought, we will make the payment within ten days when it comes to drought, three days when it comes to cyclone.
But Um, every risk should not be transferred to the insurance industry.
Of course, some are better addressed through other instruments.
The initial cost of restoring the regulated line, major infrastructure needs, and even project preparation, and even so small events that happen too frequently every year or every second years.
So for this kind of risk, it's better to use contingent financing, public finance, blended finance, grant.
For us, it's not about limitation of insurance, but more which instrument should be used for which risk and how together we do we can be complementary and also how we can reinforce each other.
I think I don't have a lot of time, so that's why I want to share with you today.
Thank you.
That was very compelling.
Thank you for that, Gloria.
I'm going to turn to Inacio next because CAF has a broad toolkit available.
You've got guarantees, concessional capital, credit lines, results based finance and combinations of them all.
Let me ask you, how do you decide which instruments fit which risk? Thank you very much and good afternoon, colleagues.
First, on the case of land, we of course see first the economic rationality of projects and how the revenues and the actual outputs work, and that also relates to the type of instruments we need to choose.
That will be the first approach in this idea of bankable projects.
But I'd also like to bring to the conversation.
This is something that we'll also have brought up in the last couple of years in terms of our environmental investments and also bank will projects, is that we need to see not only the economic rationality of the program and investments, but also what is the financial structure and the institutional capacity or otherwise.
That also relates, for example, in terms of land when we deal with a small scale agriculture.
We have huge difficulties and barriers.
For example, in Latin America, 80% of producers are family farmers.
How do we deal with that in terms of allowing create to realize when we have actual investments that can happen and can increase revenue in a way that also conserves land.
And third, is also to see an evolution and a conversation around the financial markets in developing countries.
We have different kinds of constraints in terms of regulatory aspects, also securities, and that is also something that we can work with governments in order to achieve that financial landscape to uh, evolution in a positive way that can allow for this.
As an initial comment, the actual economic revenues that can happen can deliver within a financial landscape that is positive and evolving in terms that can also produce and incorporate environmental outputs.
Thank you very much for that, Tso.
Felipe, now next at the EIB, you know, the infamous Valley of death.
That's when projects with proven technology are too early for conventional bank lending, but too capital intensive for venture capital.
For land positive and bioeconomy projects, what does it actually take to get across that valley, come back alive and maybe even thrive? Thanks.
Just to start, there is no single ticket size guarantee or blended finance structure that solves the value of death of every non positive or bio economy project.
Do you hear me? Does it work? Okay, yeah.
What matters is whether the financing fits the project maturity, the scale, and the risk profile.
I would highlight three essential things for projects to materialize besides the financing, of course.
First is, there must be a credible project.
We are facing many times projects that are not well prepared, that do not have a strong promoter, that try to replicate a non tested approach and that most importantly for land positive projects do not have a proven or sizable revenue generating capacity to implement.
This is very important because the land restoration and environmental value may be clear in many operations and many projects, but still need to become predictable in terms of cash flow and cash flow reliability and size.
This is where policymakers also matter by creating demand through clear taxonomy rules, for example, that help corporates to define the corporate structure, the corporate social responsibility.
We have heard this morning many of a very interesting pat on this.
But also public procurement rules that may pull demand or payment for ecosystem services that need to be structured and established with the help of policymakers in order to make credible carbon and nature markets work.
The second is aggregation and I would highlight aggregation.
I have noted here in my notes that aggregation of projects because many of the land positive projects are normally small in size, So and fragmented to be able for institutions like us to be financing one by one.
So it needs some aggregation models to funds to intermediate lending approaches, where we, for example, give credit lines with a purpose to commercial banks in the different countries to really reach out to the final operators.
But aggregation also matters in terms of of donations.
This morning I was thinking because there was an announcement of several donations by several countries, it's really very fragmented.
Maybe collaboration among donors is also important to really make this happen.
Third, and this is the most important and relevant to this panel is the risk sharing must target the real barrier.
Guarantees and blended finance may be very useful to mobilize and bring in private capital, but they should unlock investment, not make weak projects look bankable.
I'm finishing, sorry.
There's also limits to the risking.
If revenues are not credible or insufficient, land tenure governance risks are unresolved or safeguards are weak, or outcomes cannot be measured.
The answer is not simply guarantees.
The project first needs to have good preparation, police support, grants, and project action.
In short, a This is where EIB Group and other MDBs can help turn promising land restoration projects and bioeconomy ideas into investment pipelines through technical assistance to prepare projects, to help the policy discussion in order to structure payment for ecosystem service markets, et cetera, et cetera, et cetera.
Thank you very much, Philippe.
Sorry for rushing, everyone, but as you all know, we are running behind schedule quite heavily actually, so I need to speed things up here a little bit.
But we want to hear from you, Li Shu, of course, because your model is very different.
Shangdong Land Development Group is a provincial state backed platform working scale to turn degraded and saline alkali farmland productive land.
So what is it about that model that has enabled it to work at scale? How did you do it? Thank you so much for having me here.
I will be more shorten to tell us more than.
As a provincial investment and financial platform, we have three key things have to focus on.
First of all, we have to adapting to the central governments mechanism, and also we have to adapt to the technology.
And third, we have to be make benefit.
So just like this morning shares has said, it is a business.
It's not just charity.
So, for us, we are selecting a special tree like Yellow horn.
It's a native wood oil tree that's very suitable for planting in the desert and deserts and Kirby in China's northeastern part.
So for the past ten years, we're making it realize and we have planning more than 300 hectres in the area, and after calculated, there are 5,000 nearly $100 investment and after three years, and we can balance the investment and after that, we can make benefits.
If we plan other a native grass under the trees and we make more benefits in three or three or four years.
And that's why this model will be scale up in North Parkland, even our group have a meeting with the Mongolian companies that we want to escape our models to Mongolia next year.
And I think this is our model and it makes that what makes the land project bankable That is one thing, find the suitable projects, I mean, the plans to make it suitable.
Okay.
Thank you very much Dsuki and many thanks to all our panelists here for this fascinating discussion on how you make land bankable.
Many thanks to all of you.
Next, we are delighted to welcome Emin Fells, who is Senior Director for Agriculture and Food at the World Business Council for Sustainable Development.
She will present the recommendations emerging from private sector value chains and a consultation bringing those priorities to governments.
Emn over to you.
Thank you so much.
Thank you, everyone.
A pleasure to be here.
I'm supposed to be clicking through exactly.
My name is Emmeline.
I'm Senior Director at the World Business Council for Sustainable Development, which is an organization working with 250 multinational companies aiming to accelerate the transition to a sustainable, resilient, and inclusive world.
I'm delighted to be standing in front of you today to share with you these business backed recommendations for policymakers on how to unlock more public private investments in regenerative landscapes.
So this document was created after a number of consultations that we made over months with hundreds of business representatives.
This was commissioned by the UN CCD Secretariat itself as per decision number six on private sector and decision number 19 on rederative agriculture.
I'm going to give you a sneak preview of the companies, the organizations that were consulted.
The reason why they were concerted, why they cared, and why they fed into this, it's because they need to find ways to ensure the resilience of their supply chains and to unlock market opportunities.
We've heard a lot about it.
They know that this is a business case.
The difficulty is, how do we bring together those co investments as we heard? So I'm going to walk you through the three main recommendations that came out of these that are meant for policymakers to consider if they want to be able to unlock this huge amount of investment that is available in the private sector.
There are three policy asks.
They're not rocket science, but they're not easy for governments to implement, actually.
The first one is create a coherent and stable policy environment.
Why is that and what is meant? We heard in the very beginning of the panel, one of the representatives of the government saying that the policies are not coherent.
We know there is a lot of subsidies that still go to ways of producing that are actually detrimental to the resilience of our value chain.
Rather than creating new subsidies for alternatives, that we just get rid of the old ones and make sure that what you have is coherent and really supports the direction we need to get to.
Stable because we know that the land degradation neutrality targets have a term of ten years.
If governments change their policies every two years, that is not giving the stable environment for companies to be able to invest.
Not easy when there is a change of government, but really critical if you want to direct investments there.
The second ask is building a long term investment vision to create the necessary conditions to de risk investments and share the costs, the risks, and the benefits fairly across players.
We've heard a lot about it.
I won't say more about that, but you'll find more information if you scan the QR code.
And finally, something really important that I know is being discussed in the other room over there is how can we align the frameworks across the RIO conventions, across policymakers, different protocols and others that are all asking to show progress, to measure impact, but across different types of KPIs, different reporting frameworks that are just not conducive to really direct investments in the same direction? Ultimately, I'm calling on to the policymakers to consider those asks and to use them in three potential ways.
Use it as a checklist, test your national LDN strategies against these conditions, see what seems to be there, what doesn't seem to be there.
A menu, you can identify one or two policy that aligns to your national priorities and see how you can unlock these investments.
And lastly, please do work with businesses on unlocking some of the solutions.
There is, you know, hubs, the business for land hubs that are being set up.
There is WBCSD global partners all over the world.
There is an industry associations.
Let's continue to do what we've just seen.
Very concrete examples of how the public and the private are working together and investing together.
I think that's it.
Basically, I'm going to call on now two different member companies that are going to talk to policymakers and give examples of how indeed some of these challenges, but also opportunities can be unlocked.
I guess here we are.
I'm going to call on here, Julie Green who is the Chief Sustainability Officer of Ola Agri and Natasha Santos, the head of sussibity and strategic engagement, Vice President Bayer.
Do we also call in at the moment? Maybe I'll let you continue.
Thank you very much, Emily, and I'm going to be doing the handover here, but just a minute because we have lots of people here in the room.
You are here for the mining forum.
It has been delayed slightly only by 15, 20 minutes, 15 minutes maybe ten.
5 minutes, I'm told at the end of the room.
Well, basically, we were going to come to you very shortly.
But before we do that, we have to pursue our recommendations, of course, and just a very quick panel here before we wrap up.
Can I please call His Excellency Abubamba, His Minister of Environment, Sustainable Development, and the ecological Transition of Côte D'ivoire, please.
Is His Excellency with us Johann Satoff who parliamentary state secretary at Germany's Federal Ministry for Economic Cooperation and Development.
Gentlemen, welcome.
Can I please ask for more microphones here onstage, please? Thank you.
Yes, please let's take a seat.
Yes.
Welcome to all of you.
We've just heard the private sector ask from you, Emily.
Now we're going to hear the government response very quickly because as I mentioned, we've got the mining Forum coming up next.
Minister Bamba, to start with, you helped organize the UCCD Cop 15 in Abidjan in 2022, which mobilized $2.5 billion in commitments.
You know what it means to move from negotiation to mobilization.
We've now heard business asking for clearer frameworks, de risking and investable pipelines.
What is Côte D'ivoire response to that ask? What would it take for your government to act on these recommendations and others? Okay.
Thank you, moderator.
Good afternoon, everybody.
With regard to the guarantees that a government can provide the private sector in terms of investment in sustainable mining, there are a lot of good reasons for concrete partnership between government and the private sector in investing in the mining industry.
Let me give you a couple of examples.
In a countries such as Co divi, 35% of the gold in West Africa is located in this country.
But, of course, you know, we want, you know, this goal to be exploited.
We want to get money, you know, from this exploitation and then get this money, you know, to create and distribute wealth amongst the community.
But what we're telling the private sector is that the exploitation of mineral resources and gold included shall not be done at the expenses of the ecosystems.
It's not either we spot gold or, you know, we develop.
It's the two together, and then the government of Cota, will provide the guarantee, the security of investment, you know, how you can transfer your profits to some other countries.
So in a nutshell, what I want to say is that the government message is that we can balance the exploitation of mineral resources and sustainable development and the improvement of livelihoods of our people over Thank you very much, Minister.
Can I please ask the room here to maybe be a little bit quieter so we can hear our distinguished panelists a little bit better.
I know you're impatient to kick start the mining forum, but we haven't quite finished with the recommendations here.
I'm turning to you next, State Secretary Satoff because Germany is one of the world's major providers of bilateral development and climate finance.
You've heard the private sector ask for policy certainty, blended structures, and bankable projects.
What's your response? Yeah.
First of all, thanks for your question and I think it's crucial that both worlds, public world and private world understand each other.
It absolutely makes sense that there is a process of having recommendations and that we are able to understand each other.
Then I mean, our targets can only be achieved if all concerned actors work closely together as complimentary partners and that's very important for us.
Germany highlight highly welcomes the increasing awareness among private sector actors about land and drought related risks and dependencies, and we are pleased by the consultation process over the last half year among private actors and the agriculture and food sector.
It is very important for us to get the information because when I'm in the committee of the German Best have to explain what we are doing.
How do we bridge or build a bridge between private sector and public sector? That's very important to get these recommendations to tell the political responsible persons how we try to work and how we want to be engaged into it.
What is being presented, let me emphasize this perhaps in a short time today is a good start but should only be the beginning.
I mean, it's not only asking the private sector, what are your aims and where do you see the perspective? We have to go the way together.
It's not only at the beginning and now we know how it works.
We have to be partners together to get the best results.
Thank you very much for that.
Let's bring the business perspective back in with Julie and Natasha because we've now heard two governments respond directly to the recommendations your delegation has brought here.
Very candidly, let me ask you, are governments meeting business halfway? Is there still a gap? If there is, where exactly is this gap? Okay.
I think we have 1 minute for this.
Absolutely.
I think that there are many models out there that work to address the challenge, the big challenge for our world, how do we feed the world by 2050 with growing pressure on land, the big challenge for our farmers, how do they make this investment in those two to five years when they're not able to absorb the transition costs yet and yet we know that the benefits to soil health, to productivity, to water retention, to reduce input dependencies accrues over a much longer time period.
So this is why we're particularly keen on, I mean, all of the recommendations, but policy area two, building the long term investment vision and de risking investment and de risking it in a couple of ways that we see really works in some models.
So for example, on the investment side, talked about blended finance several times, but I want to emphasize the phasing of that finance, which may be more grants oriented and technical assistance oriented in the beginning, going towards concessional, going towards commercial financing, and even payment for ecosystem services.
Then finally, on the regenerative side, making sure that our long term vision is it's about the investment, it's about how does some money get into those hands, but it's also about division across the landscape.
We do a lot of efforts at Cotton Farmers and Côte D'ivoire, for example, but that's a mosaic of efforts.
Having what we can really build are truly regenerative landscapes with government.
Thank you very much.
Natasha, you have the final word.
10 seconds.
I'll be super fast.
Really quickly using my head as business for land champion, member of WCSD.
I am the chair of food and agriculture, the business of OECD.
This was made by hundreds of hands and shows really what the business sector think.
I swear to God, and I think many of you know as well, that we are not shortage of solutions in agriculture.
There are a lot of solutions that address many of the things we've been talking here.
We are shortage many times of conditions that allow those to scale and make farmers success.
Policy is one of the main conditions in many others, of course, but it is one of the main aspects that can enable the conditions to scale.
Emily was very clear on our three priorities, and we are here to build the bridge and to help governments and the private sector, other companies in the value chain to help those solutions to scale.
Thank you very much for that.
Let's have a round of applause, please for our distinguished panelists here.
Are we ready to formally close this exchange with a photograph? Because the WBCSD recommendations we have been discussing will be handed directly to the governments represented here.
Of course, Minister Bamba and State Secretary Satsov on behalf of Côte D'ivoire and Germany.
Please accept the recommendations from the WBCSD delegations.
Can we have a photographer, please for this very important and highly symbolic moment.
Thank you so much for.
Okay.
There you go.
The recommendations have now formerly been received by Côte D'ivoire in Germany.
Next, I'd like to invite our host country to join us for the closing photograph.
Please, let's welcome His Excellency, Mutamir Bata, who's Deputy Minister of Environment and Climate Change of Mongolia.
If he's able to join us.
Said Aya Bash of cop 31 is Samed here with us? Maybe not.
Can we just wait a second, please.
We're going to take a final photograph.
And we have Andrea Missa here, of course, of UN CCD with us to take this final photograph.
Can I now, please, before everyone goes, can I please invite all the champions back onstage for a final photograph with all the parties involved, please.
Your Excellencies, Mr.
Sat and Bamba, can you please join us here onstage for the final photograph, please? Yes, we're nearly done.
Can I please invite all the champions to join everyone here onstage? I think so.
You will see all the companies standing behind these recommendations, the businesses committing to de risk and scale investment in land alongside government.
I think that deserves a big round of applause for your commitment.
Many thanks to all of you, your Excellencies, and distinguished guests.
So over the course of this session, we have traveled from film to finance, from individual hectors to global capital, and from commitments to the mechanisms needed to deliver them.
Once again, many thanks to all our speakers, our partners, and to all of you here for joining us.
That concludes the D Risk and Scale conversation here at the Business for Forum.
Many thanks and over to you, mining Forum.
Thank you.
Just want to check.
Yes.