Opportunities

Stakeholders see promising opportunities to fund NbS. They suggest promoting NbS benefits clearly and consistently (advocacy), emphasizing general green solutions and not focusing on the term “Nature-Based Solutions”. Starting with small-scale tests can pave the way for larger projects and attract investments. Certifications, like those for organic products, could boost farmer incomes and are important for local support. NbS not only helps cut costs from climate damage but also needs a mix of funding types, including donations and investments. It is also important to involve the insurance industry, as investments in NBS can prevent severe damage to insured objects.

Collaboration for effective NbS integration

All stakeholders involved in NbS projects must collaborate for success. Financial institutions should require NbS in projects they fund, even if not initially proposed. Donors from financial institutions can lead innovation by setting their terms and offering technical help. Governments should embed NbS in project plans and create laws to support its implementation. Private companies, with their expertise, can provide technical guidance to incorporate NbS into project designs.