Policy Package for a Green Economy in the Heart of Borneo

HEART OF BORNEO - Green economy policy package to deliver sustainable development and conservation LEGEND: This figure illustrates how a package of economic policy interventions at national and sub-national levels, specific to HoB, can help to protect nature, boost green growth and build local economies. Future Policy interventions International Public Policy interventions finance funds Public funds (including REDD+) MOBILIZING ECONOMIC ECONOMIC INSTRUMENTS Green Economic instrument INSTRUMENTS TO SUSTAIN SUSTAIN NATURAL CAPITAL investment HoB ecosystems and biodiversity play an important role in the economy and people's well-being. The key enabler to transit towards an economy that values nature is shifting towards an economic infrastructure that provides appropriate incentives and disincentives. Economic policy interventions ( instruments (O) that will mobilize fiscal and other transfers International finance (including REDD+) IN THE LONG TERM Domestic public fund NATURAL CAPITAL programs Policy interventions International finance (including fast start REDD+Finance) will enable a variety of economic Private investment Innovative and (dis)incentives. These economic instruments Green economy solutions Private private investors District government Provincial government investments incentivize good performances of sub-national governments, private sector and communities based on economic, social and natural capital targets and indictors. Performance-based Expanding protected Innovative regional incentive mechanism based on Financial institutions green sectors areas/ Community forests Community forests with 'HoB' reforestation These economic instruments are less effective when natural capital Expanding protected Innovative branded implemented in isolation; a package ensures synergies and the sharing of both costs and benefits. indicators Carbon payments green sectors biodiversity products areas/ Policy interventions Community reforestation Other forests with 'HOB' Private sector Ministries of finance, development and economic affairs, along with environment and sector-specific agencies, play a key role in facilitating this green economy approach. drivers (Zero Net Biodiversity Loss) branded biodiversity products Bio Consumer banking demand Green Expanding protected International finance (including REDD+ finance) and domestic public funds can and should be used to jumpstart the process. %24 business Bio ethic areas/ banking reforestation Agriculture Responsible mining Hydropower PAYMENTS FOR Certified palm oil concession on Certified Logging concession ECOSYSTEM Responsible mining existing degraded land (RIL) Palm Oil %24 SERVICES AT Certified palm oil concession on Certified Logging Financial concession Institutions existing degraded land (RIL) SCALE incentives and Fishery instruments Heart of Borneo Forest plantation Private 2$ sector invesment Mining industry Financial Sector-specific fiscal and Water supply institutions incentives and instruments economic instruments Financial Effective economic instruments, alongside strong law enforcement and clear land tenure, will create a 'green' investment climate-one that encourages the private sector to engage in certification and payment mechanisms and rewards sub-national governments and communities for good stewardship. Most costs can be repaid by a more sustainable and inclusive local economy. Local biodiversity-based and innovative green sectors can cover their start-up costs and conventional private sector actors will reap the benefits of 'going green'. Policy interventions & green banking policy for financial Carbon market Effective payments incl. from global community Sector-specific policy interventions performance based regional incentive mechanism in Policy interventions International Public Financial place finance funds (including REDD+) policy for financial market Public International In this future, HoB forests and freshwater ecosystems are sustained to support local economies that deliver sustainable development and benefit all. 'Green' becomes the new normal. funds finance (including REDD+) %24 HEART OF BORNEO - Green economy policy package to deliver sustainable development and conservation LEGEND: This figure illustrates how a package of economic policy interventions at national and sub-national levels, specific to HoB, can help to protect nature, boost green growth and build local economies. Future Policy interventions International Public Policy interventions finance funds Public funds (including REDD+) MOBILIZING ECONOMIC ECONOMIC INSTRUMENTS Green Economic instrument INSTRUMENTS TO SUSTAIN SUSTAIN NATURAL CAPITAL investment HoB ecosystems and biodiversity play an important role in the economy and people's well-being. The key enabler to transit towards an economy that values nature is shifting towards an economic infrastructure that provides appropriate incentives and disincentives. Economic policy interventions ( instruments (O) that will mobilize fiscal and other transfers International finance (including REDD+) IN THE LONG TERM Domestic public fund NATURAL CAPITAL programs Policy interventions International finance (including fast start REDD+Finance) will enable a variety of economic Private investment Innovative and (dis)incentives. These economic instruments Green economy solutions Private private investors District government Provincial government investments incentivize good performances of sub-national governments, private sector and communities based on economic, social and natural capital targets and indictors. Performance-based Expanding protected Innovative regional incentive mechanism based on Financial institutions green sectors areas/ Community forests Community forests with 'HoB' reforestation These economic instruments are less effective when natural capital Expanding protected Innovative branded implemented in isolation; a package ensures synergies and the sharing of both costs and benefits. indicators Carbon payments green sectors biodiversity products areas/ Policy interventions Community reforestation Other forests with 'HOB' Private sector Ministries of finance, development and economic affairs, along with environment and sector-specific agencies, play a key role in facilitating this green economy approach. drivers (Zero Net Biodiversity Loss) branded biodiversity products Bio Consumer banking demand Green Expanding protected International finance (including REDD+ finance) and domestic public funds can and should be used to jumpstart the process. %24 business Bio ethic areas/ banking reforestation Agriculture Responsible mining Hydropower PAYMENTS FOR Certified palm oil concession on Certified Logging concession ECOSYSTEM Responsible mining existing degraded land (RIL) Palm Oil %24 SERVICES AT Certified palm oil concession on Certified Logging Financial concession Institutions existing degraded land (RIL) SCALE incentives and Fishery instruments Heart of Borneo Forest plantation Private 2$ sector invesment Mining industry Financial Sector-specific fiscal and Water supply institutions incentives and instruments economic instruments Financial Effective economic instruments, alongside strong law enforcement and clear land tenure, will create a 'green' investment climate-one that encourages the private sector to engage in certification and payment mechanisms and rewards sub-national governments and communities for good stewardship. Most costs can be repaid by a more sustainable and inclusive local economy. Local biodiversity-based and innovative green sectors can cover their start-up costs and conventional private sector actors will reap the benefits of 'going green'. Policy interventions & green banking policy for financial Carbon market Effective payments incl. from global community Sector-specific policy interventions performance based regional incentive mechanism in Policy interventions International Public Financial place finance funds (including REDD+) policy for financial market Public International In this future, HoB forests and freshwater ecosystems are sustained to support local economies that deliver sustainable development and benefit all. 'Green' becomes the new normal. funds finance (including REDD+) %24 HEART OF BORNEO - Green economy policy package to deliver sustainable development and conservation LEGEND: This figure illustrates how a package of economic policy interventions at national and sub-national levels, specific to HoB, can help to protect nature, boost green growth and build local economies. Future Policy interventions International Public Policy interventions finance funds Public funds (including REDD+) MOBILIZING ECONOMIC ECONOMIC INSTRUMENTS Green Economic instrument INSTRUMENTS TO SUSTAIN SUSTAIN NATURAL CAPITAL investment HoB ecosystems and biodiversity play an important role in the economy and people's well-being. The key enabler to transit towards an economy that values nature is shifting towards an economic infrastructure that provides appropriate incentives and disincentives. Economic policy interventions ( instruments (O) that will mobilize fiscal and other transfers International finance (including REDD+) IN THE LONG TERM Domestic public fund NATURAL CAPITAL programs Policy interventions International finance (including fast start REDD+Finance) will enable a variety of economic Private investment Innovative and (dis)incentives. These economic instruments Green economy solutions Private private investors District government Provincial government investments incentivize good performances of sub-national governments, private sector and communities based on economic, social and natural capital targets and indictors. Performance-based Expanding protected Innovative regional incentive mechanism based on Financial institutions green sectors areas/ Community forests Community forests with 'HoB' reforestation These economic instruments are less effective when natural capital Expanding protected Innovative branded implemented in isolation; a package ensures synergies and the sharing of both costs and benefits. indicators Carbon payments green sectors biodiversity products areas/ Policy interventions Community reforestation Other forests with 'HOB' Private sector Ministries of finance, development and economic affairs, along with environment and sector-specific agencies, play a key role in facilitating this green economy approach. drivers (Zero Net Biodiversity Loss) branded biodiversity products Bio Consumer banking demand Green Expanding protected International finance (including REDD+ finance) and domestic public funds can and should be used to jumpstart the process. %24 business Bio ethic areas/ banking reforestation Agriculture Responsible mining Hydropower PAYMENTS FOR Certified palm oil concession on Certified Logging concession ECOSYSTEM Responsible mining existing degraded land (RIL) Palm Oil %24 SERVICES AT Certified palm oil concession on Certified Logging Financial concession Institutions existing degraded land (RIL) SCALE incentives and Fishery instruments Heart of Borneo Forest plantation Private 2$ sector invesment Mining industry Financial Sector-specific fiscal and Water supply institutions incentives and instruments economic instruments Financial Effective economic instruments, alongside strong law enforcement and clear land tenure, will create a 'green' investment climate-one that encourages the private sector to engage in certification and payment mechanisms and rewards sub-national governments and communities for good stewardship. Most costs can be repaid by a more sustainable and inclusive local economy. Local biodiversity-based and innovative green sectors can cover their start-up costs and conventional private sector actors will reap the benefits of 'going green'. Policy interventions & green banking policy for financial Carbon market Effective payments incl. from global community Sector-specific policy interventions performance based regional incentive mechanism in Policy interventions International Public Financial place finance funds (including REDD+) policy for financial market Public International In this future, HoB forests and freshwater ecosystems are sustained to support local economies that deliver sustainable development and benefit all. 'Green' becomes the new normal. funds finance (including REDD+) %24 HEART OF BORNEO - Green economy policy package to deliver sustainable development and conservation LEGEND: This figure illustrates how a package of economic policy interventions at national and sub-national levels, specific to HoB, can help to protect nature, boost green growth and build local economies. Future Policy interventions International Public Policy interventions finance funds Public funds (including REDD+) MOBILIZING ECONOMIC ECONOMIC INSTRUMENTS Green Economic instrument INSTRUMENTS TO SUSTAIN SUSTAIN NATURAL CAPITAL investment HoB ecosystems and biodiversity play an important role in the economy and people's well-being. The key enabler to transit towards an economy that values nature is shifting towards an economic infrastructure that provides appropriate incentives and disincentives. Economic policy interventions ( instruments (O) that will mobilize fiscal and other transfers International finance (including REDD+) IN THE LONG TERM Domestic public fund NATURAL CAPITAL programs Policy interventions International finance (including fast start REDD+Finance) will enable a variety of economic Private investment Innovative and (dis)incentives. These economic instruments Green economy solutions Private private investors District government Provincial government investments incentivize good performances of sub-national governments, private sector and communities based on economic, social and natural capital targets and indictors. Performance-based Expanding protected Innovative regional incentive mechanism based on Financial institutions green sectors areas/ Community forests Community forests with 'HoB' reforestation These economic instruments are less effective when natural capital Expanding protected Innovative branded implemented in isolation; a package ensures synergies and the sharing of both costs and benefits. indicators Carbon payments green sectors biodiversity products areas/ Policy interventions Community reforestation Other forests with 'HOB' Private sector Ministries of finance, development and economic affairs, along with environment and sector-specific agencies, play a key role in facilitating this green economy approach. drivers (Zero Net Biodiversity Loss) branded biodiversity products Bio Consumer banking demand Green Expanding protected International finance (including REDD+ finance) and domestic public funds can and should be used to jumpstart the process. %24 business Bio ethic areas/ banking reforestation Agriculture Responsible mining Hydropower PAYMENTS FOR Certified palm oil concession on Certified Logging concession ECOSYSTEM Responsible mining existing degraded land (RIL) Palm Oil %24 SERVICES AT Certified palm oil concession on Certified Logging Financial concession Institutions existing degraded land (RIL) SCALE incentives and Fishery instruments Heart of Borneo Forest plantation Private 2$ sector invesment Mining industry Financial Sector-specific fiscal and Water supply institutions incentives and instruments economic instruments Financial Effective economic instruments, alongside strong law enforcement and clear land tenure, will create a 'green' investment climate-one that encourages the private sector to engage in certification and payment mechanisms and rewards sub-national governments and communities for good stewardship. Most costs can be repaid by a more sustainable and inclusive local economy. Local biodiversity-based and innovative green sectors can cover their start-up costs and conventional private sector actors will reap the benefits of 'going green'. Policy interventions & green banking policy for financial Carbon market Effective payments incl. from global community Sector-specific policy interventions performance based regional incentive mechanism in Policy interventions International Public Financial place finance funds (including REDD+) policy for financial market Public International In this future, HoB forests and freshwater ecosystems are sustained to support local economies that deliver sustainable development and benefit all. 'Green' becomes the new normal. funds finance (including REDD+) %24 HEART OF BORNEO - Green economy policy package to deliver sustainable development and conservation LEGEND: This figure illustrates how a package of economic policy interventions at national and sub-national levels, specific to HoB, can help to protect nature, boost green growth and build local economies. Future Policy interventions International Public Policy interventions finance funds Public funds (including REDD+) MOBILIZING ECONOMIC ECONOMIC INSTRUMENTS Green Economic instrument INSTRUMENTS TO SUSTAIN SUSTAIN NATURAL CAPITAL investment HoB ecosystems and biodiversity play an important role in the economy and people's well-being. The key enabler to transit towards an economy that values nature is shifting towards an economic infrastructure that provides appropriate incentives and disincentives. Economic policy interventions ( instruments (O) that will mobilize fiscal and other transfers International finance (including REDD+) IN THE LONG TERM Domestic public fund NATURAL CAPITAL programs Policy interventions International finance (including fast start REDD+Finance) will enable a variety of economic Private investment Innovative and (dis)incentives. These economic instruments Green economy solutions Private private investors District government Provincial government investments incentivize good performances of sub-national governments, private sector and communities based on economic, social and natural capital targets and indictors. Performance-based Expanding protected Innovative regional incentive mechanism based on Financial institutions green sectors areas/ Community forests Community forests with 'HoB' reforestation These economic instruments are less effective when natural capital Expanding protected Innovative branded implemented in isolation; a package ensures synergies and the sharing of both costs and benefits. indicators Carbon payments green sectors biodiversity products areas/ Policy interventions Community reforestation Other forests with 'HOB' Private sector Ministries of finance, development and economic affairs, along with environment and sector-specific agencies, play a key role in facilitating this green economy approach. drivers (Zero Net Biodiversity Loss) branded biodiversity products Bio Consumer banking demand Green Expanding protected International finance (including REDD+ finance) and domestic public funds can and should be used to jumpstart the process. %24 business Bio ethic areas/ banking reforestation Agriculture Responsible mining Hydropower PAYMENTS FOR Certified palm oil concession on Certified Logging concession ECOSYSTEM Responsible mining existing degraded land (RIL) Palm Oil %24 SERVICES AT Certified palm oil concession on Certified Logging Financial concession Institutions existing degraded land (RIL) SCALE incentives and Fishery instruments Heart of Borneo Forest plantation Private 2$ sector invesment Mining industry Financial Sector-specific fiscal and Water supply institutions incentives and instruments economic instruments Financial Effective economic instruments, alongside strong law enforcement and clear land tenure, will create a 'green' investment climate-one that encourages the private sector to engage in certification and payment mechanisms and rewards sub-national governments and communities for good stewardship. Most costs can be repaid by a more sustainable and inclusive local economy. Local biodiversity-based and innovative green sectors can cover their start-up costs and conventional private sector actors will reap the benefits of 'going green'. Policy interventions & green banking policy for financial Carbon market Effective payments incl. from global community Sector-specific policy interventions performance based regional incentive mechanism in Policy interventions International Public Financial place finance funds (including REDD+) policy for financial market Public International In this future, HoB forests and freshwater ecosystems are sustained to support local economies that deliver sustainable development and benefit all. 'Green' becomes the new normal. funds finance (including REDD+) %24