Posted on November 17, 2020 by Sasha Lishansky
|Authoring Organizations:||Pacific Institute|
|Applicable Tags:||Nature-Based Solutions|
|Last Updated||Oct 22, 2021|
Organizations, companies, and governments have the ability to design and implement nature-based solutions (NBS) at different scales. They can start with small-scale projects within their boundaries to develop a robust understanding of the NBS, test their hypotheses, and refine their project design. From this foundation and based on the success of the small-scale pilots, these projects can then be expanded to a broader scale. Scaling up can involve multiple other project partners and offers the opportunity to pool resources and expertise to achieve multiple objectives and provide mutual benefits.
The Nature Conservancy has developed an innovative model for watershed stewardship called Water Funds in which downstream water users invest money collectively to pay for upstream watershed restoration activities such as forest restoration and improved farming practices. The very first Water Fund was established in Quito, Ecuador in 2000. Since then, 41 Water Funds have been established in 13 countries on 4 continents, with 35 Water Funds currently in development. While each Water Fund design varies depending on local conditions and context, The Nature Conservancy has developed a methodology and toolbox that is common across all Water Funds. This common framework supports more rapid and robust implementation, operation, and maintenance of the Water Funds.
The scaling of Water Funds globally has been possible due to strategic partnerships across sectors, in which each partner brings critical resources and expertise to the table. For example the Latin American Water Funds Partnership includes the Inter-American Development Bank, FEMSA Foundation, The Global Environment Facility, The Nature Conservancy, the International Climate Initiative, and local implementing partners.
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This lesson learned reflects the beliefs and experiences of the author, not necessarily the Pacific Institute, CEO Water Mandate, or UN Global Compact.