Restoring terrestrial natural capital would not only achieve SDG 15, but produce an additional annual yield of up to USD 75.6 trillion.
About the project
Given the critical role that natural capital and ecosystem services play in maintaining biodiversity, enabling green growth, and achieving the SDGs, Green Growth Knowledge Partnership (GGKP) and ELD joined forces. Together with institutions and local experts new methods for achieving the SDGs through terrestrial natural capital restoration were developed and shall be applied in partner countries of the German Development Cooperation. Country studies seek to demonstrate how restoring terrestrial natural capital can create co-benefits in social and human capital that go hand in hand to achieve several SDG targets.
The project aims to promote terrestrial natural capital restoration policies and practices for the achievement of land-based SDGs.
It will link terrestrial natural capital restoration to multiple SDG targets in selected countries by applying, testing, and honing new methodologies developed by the GGKP Natural Capital Expert Group to:
- calculate the biophysical and/or monetary gaps for achieving national SDG targets through economic modelling and valuation and
- estimate the financial costs of terrestrial natural capital restoration to achieve the SDGs by 2030.
ELD Case Study of Rwanda
GGKP and ELD's first case study on natural capital restoration was conducted in Rwanda by a team of experts led by Montclair State University. This study aims to highlight the critical role of natural capital in macro-economic outputs, and to facilitate improved decision-making in green growth policies and to achieve national SDG targets.
Through integrated and innovative methods, the study explores five policy scenarios on sustainable use of land and green growth: (1) expansion of agroforestry, (2) cropland consolidation, (3) consolidation of agroforestry and cropland, (4) agricultural improvement in fertilization and irrigation and (5) comprehensive implementation of policies combining scenarios 3 and 4. The results help to understand how land degradation due to erosion can affect not only economic indicators such as GDP, poverty reduction, genuine savings, and unemployment, but also land assets, land use changes, ecosystem service supply, and terrestrial natural capital.
For more information, take a look at the report, policy brief and news article.
ELD Case Study of India
Topic: Natural capital
Title: Achieving green growth through terrestrial natural capital restoration in India
ELD Case Study of Kyrgyzstan
Topic: Natural capital
Title: Achieving green growth through terrestrial natural capital restoration in Kyrgyzstan
GGKPs Working Group on Natural Capital
GGKP is a global network of organisations and experts that identifies and addresses major knowledge gaps in green growth theory and practice. Established in November 2017, the GGKP Expert Group on Natural Capital explores state-of-the-art methods, models, data and tools to achieve its three goals of pushing forward the knowledge frontier around natural capital and green growth; mainstreaming natural capital in global green growth activities; and supporting stronger implementation of natural capital commitments in national economic plans. The group is comprised of 26 experts from across GGKP’s partner institutions, each with at least 10 years of experience working with natural capital.