This new publication aims to break down the complexities of emerging "nature" financing by exploring a new pilot facility put forward by the European Commission and the European Investment Bank, called the Natural Capital Finance Facility. The authors discover the lack of transparency and power relations behind the NCFF and outline in clear language how natural capital financing functions, where the money comes from, how profits are made and how public funds are leveraged. In addition, the publication explores how funding mechanisms emerge before policy has been decided and links this to REDD+ and the carbon markets. This paper outlines the dangers to this approach and explores what is lost when financial mechanisms are given priority over grant-based projects.

 

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