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Getting Blended Finance to Where It’s Needed: The Case of CBNRM Enterprises in Southern Africa

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  • Jessica Smith

    (United Nations Environment Programme Finance Initiative, 11-13 Chemin des Anémones, Vernier, 1219 Geneva, Switzerland
    Graduate School of Business, University of Cape Town, 9 Portswood Rd, Victoria & Alfred Waterfront, Cape Town 8002, South Africa)

  • Mikael Samuelson

    (Graduate School of Business, University of Cape Town, 9 Portswood Rd, Victoria & Alfred Waterfront, Cape Town 8002, South Africa)

  • Benedict Moore Libanda

    (Environmental Investment Fund of Namibia (EIF), 8933 Heinitzburg Heights, Windhoek P.O. Box 28157, Namibia)

  • Dilys Roe

    (International Institute for Environment and Development, 235 High Holborn, London WC1V 7DN, UK)

  • Latif Alhassan

    (Graduate School of Business, University of Cape Town, 9 Portswood Rd, Victoria & Alfred Waterfront, Cape Town 8002, South Africa)

Abstract

Blended finance aims to unlock additional private finance for the sustainable development goals (SDGs), however, it has not yet reached the anticipated scale to deliver on SDG 15: Life on Land. So far, blended finance approaches have not been fully adapted to the context where conservation activities take place, for example on communal lands—a common tenure arrangement for conservation in southern Africa. This study identifies opportunities, barriers, and risks to up-scaling private finance for nature in the context of community-based natural resource management (CBNRM) in southern Africa. It considers the feasibility and desirability of relevant revenue streams towards achieving long-term financial sustainability in conservation landscapes, including sustainable wildlife economies and payment for ecosystem services (PES), and involving indigenous peoples and local communities (IPLCs) particularly within CBNRM tenure arrangements. It concludes that a ‘CBNRM investment guarantee’ or similar would be transformational for hundreds of thousands of conservation enterprises and their beneficiaries regionally, but currently no such tailored de-risking mechanism exists.

Suggested Citation

  • Jessica Smith & Mikael Samuelson & Benedict Moore Libanda & Dilys Roe & Latif Alhassan, 2022. "Getting Blended Finance to Where It’s Needed: The Case of CBNRM Enterprises in Southern Africa," Land, MDPI, vol. 11(5), pages 1-16, April.
    • Handle: RePEc:gam:jlands:v:11:y:2022:i:5:p:637-:d:802310
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    References listed on IDEAS

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    1. Jessica Dempsey & Daniel Chiu Suarez, 2016. "Arrested Development? The Promises and Paradoxes of “Selling Nature to Save It”," Annals of the American Association of Geographers, Taylor & Francis Journals, vol. 106(3), pages 653-671, May.
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