Harmony in action for land restoration: Linking social protection, financial inclusion and disaster risk finance
Harmony in action for land restoration: Linking social protection, financial inclusion and disaster risk finance
Integrating the policy objectives of social protection and financial inclusion, along with disaster risk finance instruments, within land restoration efforts can help ensure these co-benefits. Carefully incorporating them into land restoration activities can make land restoration outcomes more equitable, especially where trade-offs between different land-use aims result in negative effects for certain stakeholders. Social protection relies on different policy instruments for safeguarding people from poverty and risks to their livelihoods and for ensuring their well-being. Examples of these policy instruments are pension plans, unemployment benefits and public work. Financial inclusion supports access to useful and affordable financial products and services, such as credit and insurance. For example, efforts to ensure financial inclusion can involve promoting financial literacy or supporting microcredit schemes. Disaster risk finance instruments support the work of land restoration, social protection and financial inclusion policy instruments by addressing the fiscal impacts of natural hazards and enhancing resilience.The prevalence of land degradation is evident at a global scale. Between 20 and 40 per cent of the world’s land surface is degraded or is undergoing degradation. This is primarily driven by the expansion of agriculture, mining and urban sprawl. The results are wetland drainage, soil erosion and loss of biodiversity. These, in turn, are aggravated by more intense and frequent weather extremes triggered by climate change. The deterioration of land and natural resources has serious impacts on livelihoods, food security and the overall resilience of people, communities and societies at large.