This can include investments in activities such as agro-forestry, sustainable forest management, non-timber forest products, and the generation of carbon credits, among others. To be eligible for RSCF support, impact fund managers or investment advisors must prove that at least 75% of their portfolio is dedicated to FLR in developing markets. The Frankfurt School, which had lent its support to the SCAF, also joined the initiative as implementing partner. Halle explains that the German government’s International Climate Initiative, which has a big focus on FLR, made it a great fit as funding partner and they received the go-ahead from the government to develop the facility together with co-investment from the Grand Duchy of Luxembourg. Having had success in helping to develop as well as launch new funds in the clean energy market, we decided to do the same in FLR,” he says. “Five years ago, funds dedicated to this area were few and far between and the few that did exist were facing difficulties in deploying their capital. With experience of running the Seed Capital Assistance Facility (SCAF), which co-finances the development of renewable energy projects, Halle says the team at UNEP saw an opportunity to do the same in the area of sustainable land use and forest restoration, which was experiencing similar struggles in securing private financing as clean energy had done a decade earlier. Impact Investor caught up with Martin Halle, programme manager in the Climate Finance Unit at UNEP and manager of the facility, to find out more about how it all started and the progress being made. The purpose of the facility, which will run until 2027, is to scale up forest landscape restoration (FLR) in the developing world by facilitating the launch of and further development of impact funds in the space. In 2020, the United Nations Environment Programme (UNEP), joined forces with the Frankfurt School of Finance and Management and the governments of Germany and Luxembourg to launch the Restoration Seed Capital Facility (RSCF). Collaboration with the private sector is key to success. FLR financing gap is large and more investment is needed.It aims to scale up forest landscape restoration in developing countries (FLR) by facilitating the launch and further development of impact funds.The Restoration Seed Capital Facility was launched in 2020 by the UN Environment Programme, the Frankfurt School of Finance and Management, and the governments of Germany and Luxembourg.
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