A New Financial Instrument to Promote Projects on Natural Capital and Ecosystem Services

Natural Capital and Ecosystem Services

 

The European Commission and the European Investment Bank (EIB) have launched a new financing instrument – the Natural Capital Financing Facility (NCFF) – for projects promoting the preservation of Natural Capital, including adaptation to Climate Change.

In December 2014, the EU Commission and the EIB have signed an agreement entrusting the EIB with the management of the NCFF, that will be developed by blending EIB funding with EC financing funded by the LIFE budget.

The NCFF will provide innovative financial solutions to support bankable projects, which have the potential to be revenue-generating or cost-saving, promoting the conservation, restoration, management and enhancement of natural capital for Biodiversity & Ecosystem Services (BES) and climate adaptation benefits, including ecosystem-based solutions to challenges related to land, soil, forestry, agriculture, water and waste.

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