Action

Mapping land-use finance in Colombia: closing the gap for forest conservation and climate action

  • Year

    2023

  • Location

    Colombia

  • Partners

    EU REDD Facility, WWF

  • Budget

    EUR 80 000

  • Funded by

    EU REDD Facility and EU-funded Sustainable landscapes programme – Herencia Colombia

Introduction

The Colombian Government channels significant efforts and resources to avoid deforestation through its National System of Protected Areas. However, this system faces a funding gap. Herencia Colombia was created in 2020 to close this gap and strengthen the management of protected areas within the framework of the peace building process, as well as to reduce deforestation in Colombia. This programme seeks to ensure the conservation and financing of 20 million hectares of protected areas over 20 years.

The EU REDD Facility is carrying out a land-use financing mapping that aims to identify the main financial flows in the Agriculture, Forestry, and Other Land Use (AFOLU) sector. It also seeks to explore strategies to channel new sources of funding to meet the commitments of Herencia Colombia on climate change and forest conservation.

The objective

To identify the main financial flows in the AFOLU sector and identify new resources that can help closing the financial gap of the Herencia Colombia Programme in the Caribbean and Central Andes mosaics. Thus the mapping seeks to identify both public investments associated with land use and private investments in the agricultural and tourism sectors made over the last five years in the Central Andes and Caribbean landscapes. These landscapes are the priority mosaics of Herencia Colombia and supported by the European Union’s Sustainable Landscapes programme.

Results and impact

The study is being finalised and more information on the results will soon be available on this website.