Innovation in farm reward mechanisms is pivotal for transforming agriculture to protect and restore nature in the Global South

Finance is a key lever for turning agriculture from a potential source of environmental harm and social inequity to a driver of conservation and social inclusiveness. Private and public sector funding for farmers to combat climate change and protect and restore nature (‘Paying for Nature’) is rapidly increasing. Yet this new funding may not reach its aims without drastically improving farm-level reward mechanisms.

CoSAI commissioned a study from the SDG Center for Latin America and the Caribbean (CODS) at the Universidad de Los Andes (Bogota, Colombia) to look at the experience with different financial instruments on farms. CoSAI also worked with partners, in particular IUCN, to hold a series of public conversations with experts in this area.