【行业研报】世界银行-气候与自然融资工具和机会的评估和选择分析：气候与自然筹资综述（英）-2023..docx

《【行业研报】世界银行-气候与自然融资工具和机会的评估和选择分析：气候与自然筹资综述（英）-2023..docx》由会员分享，可在线阅读，更多相关《【行业研报】世界银行-气候与自然融资工具和机会的评估和选择分析：气候与自然筹资综述（英）-2023..docx（12页珍藏版）》请在第一文库网上搜索。

1、pzolla1nso-osQo=qnd傍THEWOR1DRNKpzo号a1nsoosQo_qnds3RcnuoddopueSUUaEnbSU-MupueuiEPUe ZeE-UJ。S-SAuSUORdOPUeJUauJSsass KNaE 3HQMUJH1P ZH0qREENPRCR1IJESUMMARYNOTEONFINANCINGFORC1IMATEANDNATUREAssessmentandOptionsAna1ysisofC1imateandNatureFinancingInstrumentsandOpportunities/x11C1IMATE(H1investmentE1isson

2、Wright,JamesSeward,FionaStewart,AndersonSi1va,FedericoAzpirozCosta,Rache1Mok1. ContextDespiteincreasingrecognitionofthemateria1impactofnaturedegradation,theg1oba1financinggapforc1imateandnatureinvestmentsissignificantandgrowing.ThePau1sonInstituteestimatedin2023thatthebiodiversityfinancinggapatanave

3、rageofUS$71Ibi11ionperyear.Government1eadersandprivateenterprisesmustacce1erateandsca1efinancia1resourcemobi1izationstrategiestoc1osethisgap.However,atanationa11eve1,manydeve1opingcountrieshave1imitedmarketaccessand1ackthefisca1spacetomobi1izefinancingatthesca1erequiredtoavoidtheseverenegativeimpact

4、sofbiodiversity1oss,naturedegradation,andreducedecosystemservices.Thiscanprecipitatecountriesintoaviciouscirc1e,wherebyde1ayedinvestmentatsca1eexposesthemtotheriskofecosystemsco11apse.Thesesystemsa1soprovideessentia1c1imatebenefitsintermsofcarbonsinksandadaptationbuffersagainstseverec1imateimpacts(e

5、.g.,f1oods,droughts,storms).Thesenatura1assetsunderpineconomicgrowthOfdeve1opingcountriesbutarecurrent1yunderva1uedandunderinvested.Giventhedifficu1tyofestimatingthetiming,progression,andextentoftheseimpactsandtheirg1oba1pub1icgood(GPG)nature,othermoreimmediateorvisib1eneedstendtobeprioritized.Howev

6、er,whennature-re1atedrisksmateria1ize,economicactivityis1ike1ytocontract,furtherreducingfisca1space,increasingacountry,sborrowingcosts,andde1ayinginvestments.Evenwhentherisksandbenefitsofinvestinginc1imateandnaturearerecognized,thereisa1ackofbankab1eandfinancia11yprofitab1e/commercia11yviab1eproject

7、sinmanycountries.Financia1productsthatdirect1yfinancenatureactionarenascentandEnvironmenta1,Socia1,andGovernance(ESG)andimpactinvestorshave1imitedoptionstochanne1capita1todirect1ysupportprojectsthatde1ivernatureconservationoutcomes,especia11yin1owerandmidd1eincomecountries.Anunder1yingreasonforthe1i

8、miteddeve1opmentoffinancia1productsinthecapita1marketsisthatc1imateandnature-orientedmeasures,especia11yGPGs,donota1waysprovideafinancia1returnorgeneratepositivecashf1ow,andc1imateandbiodiversityconsiderationsarenotfu11yintegratedintofinancia1mode1s*investorsusetoa11ocatecapita1.Inaddition,despitesi

9、gnificantadvancesinthedeve1opmentofc1imateandnature-re1atedfinancia1riskassessmentframeworksandregu1ations,theawarenessoftheserisksissti111imitedamongfirmsandtherecurrent1yarenoestab1ishedstandardsformarketparticipantstoapp1yinthismarket2. 1everagingfinancetomeetnationa1commitmentsandimp1ementc1imat

10、eandnaturep1ansThereissignificantmomentumg1oba11ytointegratec1imateandnaturecommitmentsinnationa1deve1opmentp1ans.Countrieshavemadesignificantprogressinout1iningc1imatemitigationandadaptationcha11engesandopportunitiesintheirNationa11yDeterminedContributions(NDCs).NDCs,Nationa1BiodiversityStrategiesa

11、ndActionP1ans(NBSAPs)andothernationa1deve1opmentandsustainab1edeve1opmentp1anssetthevisionandobjectivesforpriorityc1imateandnatureinvestmentopportunities.Inaddition,countriesarea1sodeve1opingnationa1c1imatefinancingstrategiesandpartnershipengagementeffortstochanne1moreresourcestowardstheircommitment

12、s.Theupdatedp1ansoftencontainmonitoring,review,andverification(MRV)frameworksformitigationandadaptationtotrackc1imateandnaturefinancef1ows.Itisnowmorecommonforsector-specificp1anstodetai1thespecificnearandmedium-terminterventionsandSDGs,1inkages.Thesenationa1effortsprovidethep1atformfor1aunchinginit

13、iativestoovercomec1imateandnaturefinancingcha11enges.Progressneedstobemadeontwofronts:incentivizingimprovedmanagementofc1imateandnaturerisks(greeningfinance);andmonetizingcashf1owsfromtheprovisionofc1imateactionsandecosystemservices(financinggreen).Greeningfinance.Governmentsareestimatedtospendat1ea

14、stUS$800bi11iononfossi1fue1,fishing,andagricu1tura1subsidies.Whi1eimportantforimmediateconcernssuchasfoodsecurity,1ive1ihoodsandincomes,theyareharmfu1tobiodiversityandwi11compromise1onger-termdeve1opmentoutcomes.iGreeningfinance*referstoeffortstodirectfinancia1f1owsawayfromprojectsandprogramsthatdet

15、rimenta11yimpactthec1imateagendaorbiodiversityandecosystemservices,towardinvestmentsthatmitigatesuchnegativeimpactsorde1iverpositivec1imateandenvironmenta1co-benefits.Examp1esinc1udecreatingfisca1incentivesforincorporatingnature-re1atedrisksintoinvestmentdecisions,orrepurposingsubsidiesharmfu1tobiod

16、iversitytowardsnature-friend1yprogramsandprojects.Financinggreen.Whi1easubstantia1portionofthec1imateandnaturefinancinggapcou1dpotentia11ybeaddressedthroughsubsidyreformiiorother*greeningfinance*measures,directinvestmentsinc1imateactionandnaturebasedso1utionswi11a1sop1ayakeyro1e.44Financinggreen,invo1vesinvestmentsinprojectsandprogramsthatcontributetoc1imatemitigat