Thursday, Jun 5 2014
On May 27th, RedLAC and the Conservation Finance Alliance (CFA) organized a side event entitled “Environmental Funds and Conservation Finance”, during the 5th Global Environment Facility (GEF) Assembly in Cancún, Mexico.
As one of approximately 30 side events for Council members, delegates, representatives from NGOs and other Assembly attendees during the course of the week-long gathering, the presentations at the side event addressed three CFA's main initiatives: (1) The Practice Standards for Conservation Trust Funds (CTFs); (2) the Comparative Advantages of CTFs and the project approach to support protected areas; (3) and the Conservation Trust Investment Survey.
The Practice Standards for CTFs was presented by Yoko Watanabe (GEF). She introduced the Practice Standards, which were identified in partnership among the CTFs and their key donors through a two-year consultative process.
The Comparative Advantages of CTFs and the project approach to support protected areas study was presented by Lorenzo Rosenzweig (FMCN). He briefly clarified the objective and focus of second phase study, its main findings (prerequisites) and Recommendations.
Both the Practice Standards for CTFs and the Comparative Advantages study will be officially launched to the public at the World Parks Congress in Sydney, Australia in November, 2014 (click here to know more about it).
The Conservation Trust Investment Survey (CTIS) was introduced by Katy Mathias (WCS), who discussed the role of the CTIS in supporting Conservation Trust Funds, donors and conservation finance professionals by enabling knowledge sharing, investment management education and an overall understanding of how Conservation Trust Funds are performing in managing their investments. She also highlighted the new CTIS webpage, available at the CFA website, which serves as a focal point for investment management information. She also shared some results from the CTIS report on calendar year 2012.
The GEF Assembly is held every four years. The GEF unites 183 countries in partnership with international institutions, civil society organizations, and the private sector to address global environmental issues while supporting national sustainable development initiatives.
The GEF provides grants for projects related to biodiversity, climate change, international waters, land degradation, and chemicals and waste. The Assembly is held to endorse the strategy, policy recommendations, and overall funding levels for the next four years of GEF operation.