The impact of locally-led nature-based solutions, now and in the future

It will start with testimonies about Friendship’s mangroves afforestation in Bangladesh to put the people living on the frontline of the climate crisis at the centre of the discussions. Friendship’s nomination as finalist for the Earthshot Prize highlights the relevance and efficiency of the Luxembourg international climate finance and its enabling role to pilot-test the project and its leverage effect for expansion.

Based on this example of Friendship’s South-North community-based model, the side-event will:

• review the needs existing in Bangladesh, one of the most vulnerable countries, for flexible partnerships and long-term resources for climate adaptation;
• foster dialogue on adaptation and nature finance channelled to local actors, with different perspectives from Luxembourg, France, Bangladesh and Conservation International;
• address Bangladesh’s new NDC 3.0 in which the country intends to become a “seller of high integrity qualitative carbon credits”, hence implementing Article 6 of the Paris Agreement on carbon markets;
• trigger interest in mobilising additional resources to increase North-South solidarity and leverage further contributions from major institutional funders (GEF, GCF, Adaptation Fund, trust funds).

It’s a connecting event to learn from Luxembourg’s successful support to Friendship on cross-cutting themes such as naturebased solutions, community-based adaptation, blue carbon, biodiversity restoration.