Financing Nature based Port and Waterway infrastructureJuly 27, 2022
In 2019 and 2021, MAVA launched two calls for proposals for Learning and Sharing Grants, seeking to encourage a learning culture and increase knowledge among the conservation community. One of the 2021 grants was awarded to the Vital Ports initiative to spread the lessons learned in financing nature-based Port and Waterway Infrastructure.
Ports and waterways are often situated in, or surrounded by, vulnerable ecosystems. These locations are exposed to the direct effects of climate change and intensive human and/or industrial activity. Many projects are planned in such locations to adapt to changing circumstances and fulfill local needs. State-of-the art sustainable and nature-based solutions are available to fulfill those needs but are no common practice yet. From investment side, limitations in public budgets mean there is a bigger role for private capital to play to finance such projects. And increasingly this private capital is seeking such green opportunities. However, deploying this private capital to accelerate the uptake of mentioned green solutions is far from a beaten path.
The above situation is the focus of the report ‘Financing of Sustainable Marine and Freshwater Infrastructure: A joint study’ by Vital Ports, Central Dredging Association (CEDA), International Association of Dredging Companies (IADC), Swiss Re and BCapital Partners to explore financing of green coastal, river and port projects. The report is based on the findings of a broad international team of experts and provides six key lessons to enhance the uptake of green investment in this sector.
In a series of webinars following the publication of this report, further learnings have been gathered. All learnings have been summarised in an infographic and a paper in order to facilitate their dissemination, and will continue to be used to pave the way forward.
Read the lessons learnt here.
Access the full infographic here.