CompensACTION: Mobilizing finance for climate, biodiversity, and food security through innovative payment for ecosystem services schemes

Side-Event at Global Landscape Forum on 12th of October in Nairobi

12 October 2023
12 October 2023
14:00 - 14:45 EAT
Nairobi, Kenya

About The Event

Join us for insightful presentations on the CompensACTION Initiative and exchange experiences with partners on pioneering payment for ecosystem services schemes.

To revolutionize agriculture, we must shift from a one-dimensional food-centric system to one providing multifaceted services. Smallholder farmers play a vital role in preserving ecosystems and should be fairly compensated. This entails blending agricultural income with payments for positive environmental impacts. Financing, sourced both publicly and privately, holds the power to transform food systems by eliminating inefficiencies.

Launched under the German G7 presidency in 2022, the CompensACTION Initiative envisions a world where agricultural producers worldwide, especially smallholders in developing countries, receive fair compensation for their multifunctional services. This empowers them to earn a sustainable income by selling their produce and receiving payments for ecosystem services.

Event objective

  • The event gives space for highlighting emerging market opportunities for ecosystems services and for building momentum and partnerships towards joint ambitions reaching climate, biodiversity and development goals.
  • The dissemination of good practices and lessons learnt from novel PES payment schemes that serve farmers’ needs, will further contribute to sustainable agri-food systems.
  • The session will serve as an opportunity for partnership engagement under the CompensACTION Initiative to jointly leverage funding and accelerate impact.
Time (EDT)
Topic
Speaker
2:30 pm - 2:40 pm

Discussions and Q&A with audience

Co – hosts