GLF-Luxembourg partnership 2021-2024. A partnership to support Luxembourg in its sustainable finance ambitions with a specific focus on nature-based solutions, climate change, ecosystem restoration, biodiversity

Project leader Kamaluddin Prawiranegara
Email k.prawiranegara@cgiar.org
Location Luxembourg
Project status ON-GOING
Project start 2021-03-18
Project end 2024-02-29

Luxembourg has been one of the pioneers and is ideally positioned to be the leader for natural capital investing and become a global hub for sustainable finance that contributes to Nature-Based Solutions (NBS) to climate change. Building on the fruitful organization of the 4th Investment Case Symposium in 2019, this project aims to establish a longer-term partnership between the GLF and the Government of the Grand Duchy of Luxembourg. The project is implemented in close collaboration with the key actors and institutions in Luxembourg identified with the government.

The project enables national, regional and global activities in physical, digital and blended formats, depending on Luxembourg’s priorities and leveraging on i) the GLFx innovation (connecting solutions with locally-led initiatives worldwide), ii) learning, and iii) regional and national GLF- led forums.

All activities catalyzes and accelerates the mainstreaming of sustainable finance and the development of innovative finance instruments that contribute to Nature-based Solutions to climate change mitigation and adaptation. Knowledge management, communications, learning and capacity-building activities of the project shares and accelerates the uptake of lessons learned and best practices to scale appropriate financing models for REDD+, Ecosystem-based Adaptation (EbA), Climate-Smart Agriculture (CSA), Ecosystem Restoration and sustainable supply chains.

Thus, the project operates as a critical catalyser for NBS financing worldwide, while promoting Luxembourg innovations, initiatives and projects. For example the Luxembourg Green Exchange (LGX), recent winner of the Global Climate Action Award (UNFCCC) and the Luxembourg Climate Finance Accelerator (ICFA) would be supported in delivering more impacts for climate-smart land-use initiatives, projects and investments. A recent joint publication LGX-GLF on green bonds and sustainable land-use investments is an example of the types of knowledge products that GLF can support and lead on.

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