1、INSTRUMENT ANALYSISSEPTEMBER 2024STRUCTURED FINANCE FOR NATURE Structured Finance for Nature(SFN)LAB INSTRUMENT ANALYSIS September 2024 DESCRIPTION&GOAL This financial structure combines green bonds,mezzanine finance,and equity to finance a portfolio of high-quality ecosystem restoration and conserv

2、ation projects.Grant financing will establish required legal frameworks and a trustee company,to act as a custodian for capital committed to the mezzanine and bond tranches.SECTOR Land Use/AFOLU,Forestry,Nature-based Solutions(NbS)FINANCE TARGET SFN aims to raise USD 100 million in private capital f

3、or ecosystem regeneration,forest conservation,and biodiversity protection in the Philippines and other countries in Southeast and South Asia.GEOGRAPHY For pilot phase:Philippines In the future:Indonesia,Cambodia,and Bhutan 2 The Lab identifies,develops,and launches sustainable finance instruments th

4、at can drive billions to a low-carbon economy.The 2024 Lab cycle targets four thematic areas(mitigation,adaptation,high-integrity forests,and sustainable agriculture and food systems)and five geographic regions(Brazil,East&Southern Africa,India,Latin America&the Caribbean,and the Philippines).AUTHOR

5、S AND ACKNOWLEDGEMENTS The authors of this brief are Norman Tilos,Benjamin Thomas,and Ishrita Gupta.The authors would like to acknowledge the following professionals for their cooperation and valued contributions,including the proponents Devan Wardwell(Forest Carbon),Thomas Houston(Forest Carbon);an

6、d the working group members:Janice Freeman(Nike),Alex Downs(DCFD),Ceejay Hernandez(HSBC),Marilia dos Reis Martins(CrossBoundary),Michael Keane(MUFG),Ina Hoxha(IFU),Julie Cheng(IFAD),Jonathan First(CPI),Charlie Parker(Apple)Maurits Fliehe Boeschoten(FMO),and Alfred Helm(UK DESNZ).The authors would al