Environment minister calls for global investment in nature-based solutions

How can private money circulating around the world be concretely invested into nature and climate protection projects?

That is the central question of the IUCN World Conservation Congress, the largest nature conservation organisation in the world, currently taking place in Abu Dhabi. Luxembourg is represented by Environment Minister Serge Wilmes.

For the first two days of the congress, which continues until next week, he was also the only European minister on site. Serge Wilmes declared that Luxembourg is committed to helping launch projects that can be financed through both private and public funds.

Wilmes pointed to the replanting of mangroves in the Philippines, saying it helps prevent coastal erosion, restores fish and crustacean species, and creates "new income for the local population," setting an example for others to follow.

He added that a lot of money is needed, and there is certainly money out there, but it has to reach the places where it is most needed. Another project is therefore an online platform designed for:

"Private investors, and for many, many actors around the world, whether in Africa, South America or Asia, who have no access to funding for, for example, reforestation projects or sustainable soil management."

This online platform is expected to be launched in a few weeks in Brazil during COP30. In the context of the World Climate Conference, Minister Wilmes stresses that Luxembourg's government is one of the very few governments ready to invest even more.

Wilmes noted that Luxembourg has increased its contribution by another €320 million over the next five years – around €100 per resident – adding that this investment will help attract further private funding, as "billions are needed."

The Environment Minister concluded that Luxembourg is living up to its global responsibilities.