Initiative 20x20 brings together national and regional commitments plus $365 million of private finance to restore forests and ecosystems, reduce poverty and improve agricultural productivity
LIMA. December 7, 2014 —Today, Latin American and Caribbean countries and regional programs, working with regional and global organizations, launched Initiative 20x20, a country-led effort to bring 20 million hectares of degraded land into restoration by 2020. This is an area larger than Uruguay. As part of the initiative, five impact investors also announced plans to invest up to US$365 million of new financing to support land restoration efforts in the region. Initiative 20x20 is supported by the World Resources Institute (WRI), International Center for Tropical Agriculture (CIAT), Centro Agronómico Tropical de Investigación y Enseñanza (CATIE), and the International Union for the Conservation of Nature (ICUN).
Through Initiative 20x20, countries and programs in the region will work with leading research organizations and the private sector to restore degraded lands, resulting in carbon storage, reforestation, more productive agriculture, avoided deforestation and improved livelihoods. The 20 million hectares committed through Initiative 20x20 will not be fully restored by 2020 because it takes many years for forests and ecosystems to redevelop, but will start their restoration process by 2020. Ambitions announced through Initiative 20x20 will also contribute to the Bonn Challenge, a global goal to bring 150 million hectares of land into restoration by 2020.
Today, at the Global Landscapes Forum at COP 20, the Initiative 20x20 partnership announced the following ambitions adding up to just over 20 million hectares:
1. Mexico: 8.5 million hectares
2. Peru: 3.2 million hectares
3. Guatemala: 1.2 million hectares
4. Colombia: 1 million hectares
5. Ecuador: 0.5 million hectares
6. Chile: 0.1 million hectares
7. Costa Rica: 50,000 hectares
8. Regional Program of Conservacion Patagonica: 1 million hectares
9. Regional Program “Bosques Modelo”: 1.6 million hectares
“Land restoration in the region is an essential element to promote equity, poverty reduction, alternatives for development in poor rural areas as well as a mechanism to achieve a low carbon, more resilient future,” said Minister of Environment Gabriel Vallejo, Colombia.
The restoration activities of Initiative 20x20 will be partly supported through $365 million USD of commitments from impact investors and bilateral and multilateral funders. Other financial instruments, including a partial risk guarantee for restoration, are under design. So far, private sector investors have indicated the intention to invest:
1. Althelia: $120 million in support of agroforestry and silvopastoral activities.
2. Moringa: $80 million in support of agroforestry and silvopastoral activities.
3. Permian Global: $100 million in support of reforestation and
avoided deforestation in tropical rainforest biomes.
6. Terra Bella: up to $60 million in non-timber forest projects and high-value
low carbon and climate resilient sustainably produced agricultural projects
7. Rare: about $5 million in the protection and recovery of cloud forest and riparian biomes
“Althelia is deploying capital in support of a portfolio of projects in the region to improve agricultural practices, restore degraded lands, and reduce pressure on natural ecosystems, with concrete results in emissions reductions, zero-net deforestation commodities, biodiversity, and livelihoods," said Christian del Valle, CEO, Althelia Climate.
About half of the greenhouse gas (GHG) emissions in Latin America and the Caribbean are generated from land use, land use change, and forestry. Of the 4.2 gigatons of GHGs emitted by Latin American and Caribbean countries in 2012, 2.0 Gt were from land use and loss of forests. Reducing emissions from land use change is key for the prospects of a low carbon development future.
“As the world prepares to deliver a binding climate agreement in Paris by 2015, restoration will be absolutely essential for countries to hit their emissions targets, while also delivering huge benefits for the rural poor. Through their leadership in Initiative 20x20, these countries will have a tremendous head start,” said Dr. Andrew Steer, President and CEO, WRI.
Analysis by WRI and IUCN has identified over 200 million hectares of restoration opportunities in Latin America and the Caribbean. Further analysis is underway to quantify the economic and climate benefits of reaching the Initiative 20x20 restoration targets.
“CIAT has understood for a long time the pivotal linkage between agriculture and climate change. We are committed to support initiative 20x20 as a cost-effective approach to reduce GHG emissions while promoting improved soil quality, nutrient retention and agricultural yields,” indicated Ruben Echevarria, Director General, CIAT.
“Initiative 20x20 can be an important contribution to the global restoration goals outlined under the Bonn Challenge and the New York Declaration on Forests,” added Grethel Aguilar, IUCN coordinator in Central America,” added Grethel Aguilar, IUCN coordinator in Central America.
Through Initiative 20x20, countries and investors will work to restore forests, rewild degraded ecosystems, and improve the productivity of “mosaic landscapes” through sustainable agroforestry and silvopasture. This restoration process is expected to provide substantial economic, social, and environmental benefits through improved local livelihoods, ecosystem services such as biodiversity recovery and protection, erosion prevention and water purification, avoided deforestation, as well as carbon storage.
“The mosaic approach in Initiative 20x20 or what we call ‘climate smart territories’ will allow countries to target improvements in rural incomes and food security as well as to protect natural forests and grasslands so critical to our sustainable future,” said Jose Joaquin Campos, Director General, CATIE.
For more information, visit: initiative20x20.org
The World Resources Institute is a global research organization that spans more than 50 countries, with offices in the United States, China, India, Brazil, and more. Our more than 450 experts and staff work closely with leaders to turn big ideas into action to sustain our natural resources—the foundation of economic opportunity and human well-being. www.wri.org
CIAT (International Center for Tropical Agriculture) headquartered in Colombia is a CGIAR member institution whose mission is to reduce hunger and poverty, and improve human nutrition in the tropics through research aimed at increasing the eco-efficiency of agriculture.
CATIE (Tropical Agricultural Research and Higher Education Center) headquartered in Costa Rica is an international land-grant type of university specialized in agriculture and natural resources that combines education, research, outreach and field application of innovative solutions for sustainable development.
IUCN, International Union for Conservation of Nature, helps the world find pragmatic solutions to our most pressing environment and development challenges. IUCN is the world’s oldest and largest global environmental organization, with more than 1,200 government and NGO Members and almost 11,000 volunteer experts in some 160 countries. IUCN’s work is supported by over 1,000 staff in 45 offices and hundreds of partners in public, NGO and private sectors around the world. www.iucn.org
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