Gena Gammie Profile picture
Mar 9 15 tweets 4 min read
If you work in nature-based solutions for water/climate, you need to know what’s going on in Peru, a place that is highly vulnerable to climatic extremes but also rich with cultures that have managed extremes in the Andes for millennia. 🧵
Peru has partly weathered these extremes because of its rich natural infrastructure – forests, wetlands, and grasslands – that moderate peaks & valleys and stabilize soils. (See new article! soil.copernicus.org/articles/8/133…)
Indigenous knowledge & technologies evolved with this natural infrastructure to live with these extremes, too – here is a great summary from @egies: bbc.com/future/article…
So you might be surprised to know that until v recently, natural infrastructure wasn’t part of Peru’s formal water strategies. We saw only very limited investments in nature *for water*, mostly from international cooperation & NGOs.
However, that all changed in the last couple of decades. Between 2014 and 2020, finance for natural infrastructure for water security in Peru grew rapidly, increasing 13x overall.
The high point of this period was 2019, just before the pandemic, when USD 13 million was invested in nature for water. 2020 didn’t do so bad either, with USD 10 million reaching the ground despite COVID.
Peru’s own government investments now leads investments in natural water infrastructure in Peru; regional governments took the lead with almost 86% of the public funds executed in 2020.
The most common interventions financed through these projects included reforestation or afforestation, followed by infiltration ditches and other rustic water and soil conservation practices (in Peru known as siembra y cosecha de agua).
The extraordinary “opening” of this new sector for investment in natural infrastructure was made possible by a series of important regulatory changes, including new provisions that allow Peruvian agencies to see nature as an investible asset.
Also, those early investments by international development agencies and NGOs played a key priming role, supporting pilots, capacity-building, and analysis since the early stages.
There are, of course, growing pains. To name a few: there’s a gap between budgeted & executed funds, inconsistencies in estimating hydrological benefits, and lack of an explicit gender approach in the investments from this period.
But there are also opportunities: e.g., Peru could almost double the amount of investment in natural water infrastructure if it could mobilize funds available today for watershed conservation from water utilities, which has faced challenges in implementation.
New actors have also begun to enter this space, including Peru’s banner Reconstruccion Con Cambios program, which is developing a portfolio of NI investments worth over $200 million. For more see:
Tomorrow, we’ll be digging into issues of scale: with nature-based solutions experiencing this “breakout” moment in Peru, what are the strategies for bringing these efforts to the next order of magnitude of scale? Hope you can join us! us06web.zoom.us/webinar/regist…
Data & figures here are from @foresttrendsorg new report, Opening the Tap: State of Finance for Natural Infrastructure for Water Security in Peru 2021, avail in Spanish & English: forest-trends.org/publications/a…

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