Engaging the Private Sector in Results-Based Landscape Programs : Early Lessons from the World Bank’s Forests and Landscapes Climate Finance Funds
This paper captures early observations by the World Bank Forests and Landscapes Climate Finance Funds in engaging the private sector, particularly multinational companies involved in global agricultural commodity supply chains, in the context of em...
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| Format: | Brief |
| Language: | English en_US |
| Published: |
Washington, DC
2017
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| Online Access: | http://documents.worldbank.org/curated/en/699361497951740640/Engaging-the-private-sector-in-results-based-landscape-programs-early-lessons-from-the-World-Bank-s-forests-and-landscapes-climate-finance-funds http://hdl.handle.net/10986/27268 |
| Summary: | This paper captures early observations
by the World Bank Forests and Landscapes Climate Finance
Funds in engaging the private sector, particularly
multinational companies involved in global agricultural
commodity supply chains, in the context of emission
reductions programs to address land use change. The World
Bank Group’s Forest Carbon Partnership Facility (FCPF) and
the BioCarbon Fund Initiative for Sustainable Forest
Landscapes (ISFL) have spent years working with private
sector companies that produce, trade or buy commodities that
play a role in driving deforestation or forest degradation.
These funds have gained valuable insights into what has
worked, and what more is required to further shift private
sector behavior toward sustainable business
models.Relationship building can take time; governments need
to better understand the role and implementation capacity of
the private sector, and the private sector needs to
understand the benefits of a government-led REDD+ and/or
emission reductions program. Such partnerships, however,
offer promising opportunities to use available
climate-related finance to leverage much larger private
investments that can support the objectives of the World
Bank Forests and Landscapes Climate Finance Funds.While
private sector engagement has many challenges to overcome,
as summarized in Section two, many new cooperative
relationships are being developed as part of the World Bank
Forests and Landscapes Climate Finance Fund programs.
Section three summarizes these emerging opportunities and
ways in which the Forests and Landscapes Climate Finance
Funds are overcoming some of the barriers to public-private
cooperation. Gaps that remain are highlighted in Section
four. The overall message is that private sector engagement
requires long-term commitments and unique strategies to meet
the needs of each country. |
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