#Canada; #Desertification; #LandDegradationNeutrality; #OnePlanetSummit; #UNCCD
Bonn, 13 January 2021 – Executive Secretary of the UN Convention to Combat Desertification Ibrahim Thiaw welcomes the announcement that the Government of Canada is set to invest up to 55 million Canadian dollars in the Land Degradation Neutrality (LDN) Fund.
Land Degradation Neutrality. Image credit: unccd.int
The Fund supports private sector projects in developing countries that use sustainable land management techniques to restore degraded ecosystems and adapt to green economies.
Justin Trudeau, Prime Minister of Canada, announced the commitment at the One Planet Summit for Biodiversity held Monday, January 11, in Paris, France, hosted by French President Emmanuel Macron in cooperation with the UN and the World Bank.
“The Canadian investment comes at a particularly opportune time. The finance will leverage additional public and private sector resources for sustainable land management targeted at projects in low-and middle-income countries. This will ensure new economic activity and value chains emerge from rural areas as we build back from the COVID-19 pandemic. Investing in the LDN Fund is an effective way to help terrestrial ecosystems and local populations to bounce back,” says Thiaw.
The One Planet Summit aimed at building momentum for action on nature protection and at underlining the potential to build back better from the COVID19 pandemic.
The LDN Fund is an impact investment fund. The fund aims at blending resources from the public, private and philanthropic sectors to support achieving land degradation neutrality (LDN) through sustainable land management and land restoration projects implemented by the private sector.
For more information about the LDN Fund, contact: Camilla Nordheim-Larsen firstname.lastname@example.org.