Monday, Dec 1st 2014
On November 17th , during the 6th edition of IUCN’s World Parks Congress, the CFA launched its study entitled “Sustainable Financing of Protected Areas: Conservation Trust Funds and Projects – Comparative Advantages”, at the CFA Pavilion, in Sydney, Australia. The report was finalized in October 2014 and its based on previous documents prepared by Aequilibrium Consulting (2012) and LeGroupe-conseil baastel s.p.r.l. (2013).
The CFA, with support of its partners (Semeia institute, Linden Trust for Conservation, FFEM, FIBA, MAVA Foundation and AfD) presented the report on the two-phase comparative review of advantages and disadvantages of financing PA and its systems through a CTF mechanism versus a project finance approach.
The main findings/recommendations of the study were highlighted by Sylvie Goyet. She underscored that there was no inherent contradiction between endowment funds and project funding. Both financial instruments can strategically complement each other and act in synergy, in the framework of a comprehensive PA financial strategy that combines short- term investments with a long-term financing package.
She reminded that Conservation Trust Funds are particularly resilient, flexible, relevant as an aid coordination and policy dialogue platform, effective in channeling sustainable finance to recurrent costs of Protected Areas, and particularly well suited to leverage and mobilize innovative funding. She invited to review the report which spells out arguments and identifies the specific niches of both instruments.
The full document is currently available in English, Spanish and French (and soon in Portuguese) at the CFA Library (click here).
Click HERE to check the photos of the report launching in Sydney, Australia.
Photo Credits: Fernanda Barbosa