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Publish Date : 30-May-2018

Crucial new investment to strengthen green infrastructure, benefit biodiversity and adapt infrastructure to a changing climate has been unlocked by the Natural Capital Financial Facility, a EUR 400 million initiative intended to better protect Europes natural capital.

The unique scheme is now looking to expand cooperation with partners across Europe to enhance investment that better supports nature conservation and climate change adaptation.

Launched 3 years ago by the European Investment Bank and by the European Commission, the Natural Capital Financial Facility has backed new investment by nature-focused businesses and is supporting transformational schemes across Europe.

Reaffirmed European political commitment to strengthen nature conservation investment

Details of new initiatives backed by the Natural Capital Financial Facility and opportunities for further financing were outlined in Brussels earlier today to representatives of organisations concerned with investment in nature, as well as environmental, agricultural and political stakeholders.

At the event representatives of both the European Investment Bank and European Commission confirmed support for strengthening innovative financing that improves protection of Europes nature and often contributes to strengthening vulnerable regions.

"Nature is essential for daily life and economic activity. The two new operations demonstrate how crucial new investment in nature conservation across Europe can be unlocked by a well-designed financial instrument which makes EU financing go further for nature. The exciting range of projects already supported shows future partners how the joint engagement of the European Commission and European Investment Bank through the Natural Capital Financing Facility can better protect nature and improve economic opportunities said Karmenu Vella, European Commissioner for Environment, Maritime Affairs and Fisheries.

Unique financing available to support nature based investment across Europe

Companies, public authorities and local financial partners can all benefit from dedicated new financing to support nature-based investment.

The first three projects to receive investment from the Natural Capital Financing Facility will support activities in approximately 12 countries. The European Investment Bank is now looking to continue rollout of the Facility to support new projects covering a broad range of nature-focussed investment.

Following the successful roll-out of initial pilot projects under the Natural Capital Financial Facility covering activities in 12 countries. The European Investment Bank is looking to expand the impact of the initiative by supporting new projects covering a broad range of nature focused investment.

Encouraging investors to realise the business case for nature conservation is crucial for biodiversity and climate change adaptation across Europe. The Natural Capital Financing Facility is demonstrating the diverse benefit of pro-nature commercial investment and helping transformational initiatives in countries including Romania, Ireland and Croatia. The European Investment Bank is committed to supporting conservation finance and looks forward to working with new partners in the years ahead. We call on companies, public bodies and stakeholders considering nature focused investment to get in touch to see how financial support and technical expertise can be obtained. said Jonathan Taylor, Vice President of the European Investment Bank responsible for climate action and the environment.

First project to encourage Continuous Cover Forestry in Ireland

New investment in sustainable forestry across Ireland will be supported by the latest operation under the Natural Capital Financing Facility. Irish commercial forests are amongst the most productive in the world and the new scheme will enable global institutional investors to support a more sustainable forestry model.

The European Investment Bank is pleased to work with SLM Silva Fund to improve sustainable practices in Irish forests. The new EUR 12.5 million investment builds on the EIBs recent support for forestry and agriculture in the country and will demonstrate how best practice in Irelands world-class forestry industry can take better account of the need to safeguard biodiversity, soils and landscapes, and help resist the threats associated with climate change. said Andrew McDowell, Vice President of the European Investment Bank responsible for Ireland.

The SLM Silva Fund will work with commercial forest schemes across Ireland to encourage Continuous Cover Forestry. This provides an alternative to the predominant clear felling model that leaves bare hillsides and focuses on a narrow range of tree species, reducing habitat value and ecosystem health. Continuous Cover Forestry also enables productive forests which are more resilient to pests and diseases, as well as avoiding the negative impacts on soil and water resources of conventional practices.

Agriculture and forestry play a key role as custodians of natural capital and the agri-food sector is an essential and integral part of any solution to ultimately deliver natural capital imperatives for rural areas and society as a whole. This new forestry investment in Ireland, with participation of the EUs LIFE Programme and the European Investment Bank, shows how conservation considerations can be combined with commercial activity, said Phil Hogan, European Commissioner for Agriculture and Rural Development.

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