Financing Sustainable Landscapes in San Martin, Peru

san martin, Peru
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With the Amazon rainforest covering 53.9% of the country, Peru has the ninth largest forested landmass in the world and the second largest in South America. However, it is estimated that between 2001-2014 Peru has lost 118,000 hectares (ha) of forest each year. In 2015 alone, Peru lost 158,658 ha of forest, the highest annual rate of deforestation since 2000.  If appropriate measures are not taken now, the Ministry of Environment estimates that Peru could lose a further 250,000 and 350,000 ha of forest per year to 2030.

Peru’s national government has made significant commitments to addressing land use change including a pledge to achieve zero net deforestation by 2020 and to achieve 30% emissions reductions by 2030, the majority of which are driven by land-use change, under the Paris climate agreement. In this context, the regional government is aiming for San Martin to become a ‘green’ region, able to generate economic growth and support its population’s prosperity while protecting the environment. 

To support San Martin to achieve its sustainable land use goals the Unlocking Forest Finance (UFF) project aims to develop a pipeline of investable projects that have the capacity to attract finance. The project has worked closely with stakeholders in the region over the last three years to design investment plans and innovative financial mechanisms to enable San Martin to achieve its sustainable land use goals.

An executive summary of the work carried out in San Martin is available below in English and Spanish, and the full report is available in English.