The World Environment Center (WEC), hosts an official thematic event at the UN Asia Pacific Climate Week in Johor Bahru/Malaysia to discuss how to reduce Investment Barriers for Quality and Scale in Nature-Based Solutions.
Investments to conserve and restore forests, other terrestrial and coastal habitats, and working agricultural lands—known collectively as “nature-based solutions” (NBS)—are essential to mitigate climate change, preserve biodiversity, and advance sustainable development.
Carbon markets offer an important source of funding to restore and protect ecosystems at risk. Conflicts over carbon offsets threaten to block needed investments. On one hand, companies and countries with decarbonization commitments are attracted to low-cost, immediately available opportunities for carbon sequestration through NBS. On the other hand, stakeholders worry that nature-based offsets may not be permanent, may discourage industrial emissions reductions, and may create unjust outside influence in local land-use decisions.
WEC, with support from multinationals, project developers, the financial sector, NGOs, and academia, is convening a discussion among key stakeholders to address these conflicts over corporate investment in NBS. Countries in the region are in the process of establishing rules for carbon markets, so the roundtable will focus in particular on NBS in the region.
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