Biodiversity Trust Fund, PES sustainable mechanism

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Information about Biodiversity Trust Fund, PES sustainable mechanism

Published on March 28, 2014

Author: IIEDslides



The presentation of Virginia Reyes Gatjens, of CEDARENA, to the IIED-hosted Innovations for equity in smallholder PES: bridging research and practice conference.

The presentation, made within the third session on securing funding for smallholder and community PES, focused on the Sustainable Biodiversity Fund in Costa Rica that links the private/public partnerships within the national PES programme.

More information on the Biodiversity Trust Fund:

The conference took place at the Royal Botanic Gardens in Edinburgh on 21 March.

Further details of the conference and IIED's work with PES are available via, and can be found via the Shaping Sustainable Markets website:

Biodiversity Trust Fund, PES SustainableBiodiversity Trust Fund, PES Sustainable MechanismMechanism Innovations for Equity in smallholder PES: Bridging Research and Practice Botanical Gardens in Edinburgh on 21st March 2014 Virginia Reyes Gatjens 1

OutlineOutline • Background • Sustainable Biodiversity Trust Fund Framework of The SBTF Donors and funds invested in the SBTF Sustainable Biodiversity Trust Fund (BTF): Financial Sources • Osa Biological Corridor as example • Remarks • Video of Resguardando Osa 2


Costa Rica has The Climate Change NationalCosta Rica has The Climate Change National StrategyStrategy Carbon Neutrality program had been established by The Ministry of Environment, which defines the rules and process that one organization should follow to be carbon neutral. 8 companies have been certified as carbon neutral, according with the norm C-Neutrality defined by INTECO (Technical Norms Institute of Costa Rica): BAC Credomatic Costa Rica, Distribuidora Centroamericana Florex, Café Britt Costa Rica, Euromobilia, Mapache Rent a Car, Travel Excellence, Servicios Ambientales Geocycle del Grupo Holcim y Grupo Purdy Motor. The Carbon Voluntary Market of Costa Rica was designed. Costa Rica has the first emissions inventory 4

PES programPES program 5


Sustainable Biodiversity TrustSustainable Biodiversity Trust FundFund 7

TimetableTimetable200 7 Building process began (Eco- Market) 201 0 SBTF established as Environmental Bank Foundation National Bank (Agreement signed) Green Card: savings card 201 1 Special Committee and Donor´s council kfW (US$ 8 million) GCF-CI (US$ 0,5 million)201 2 OC (US$ 0,5 million)201 3 GEF (US$ 7,5 million) 201 4 Eco-Market project (US$ o,5 million) Green credit and pre-paid cards


Donors and funds invested in theDonors and funds invested in the SBTFSBTF Source Amount (US$) kfW Bank 7.978.079 GEF 7.500.000 CI 500.000 Osa Conservation 499.498 Green Card 247.293 CO2 car compensation certificate 58.692 Eco-market 418.102 Re-invested yields 1.113.023 Total 18.314.688 10

Financial sourcesFinancial sources

Osa PortfolioOsa Portfolio

Current PES area and financial resources needed toCurrent PES area and financial resources needed to guarantee the conservation of the Osa Biological Corridorguarantee the conservation of the Osa Biological Corridor • 3.306 ha represent 3% of the total quantity of hectares of the Osa Biological Corridor (121.577 ha). • Beneficiaries have received US$645.795 from 2007 to 2013. • Include 15 small producers; 8 organizations and 2 rural aqueducts Target: To cover 8% of the Corridor (9.726,16 Ha). Investment required: $13,5millions, means: $4,75 millions (donors and alliance with private sector) + 4,75 millions GEF), excluding the $2 millions already invested.

Assessment results: OsaAssessment results: Osa Biological CorridorBiological Corridor

RemarksRemarks The Biodiversity Trust Fund and the Osa portfolio is being developed as private- public sustainable model for long term conservation which could be replicated in other countries of the region. The Fund provides 1 to 1 match funds (GEF and Kfw resources) for investor in the Osa portfolio and other priority areas defined by Fonafifo, as strategy to motivate the participation of other donors. The Fund counts with the platform of Fonafifo for its implementation in the field and with Cedarena as partner who support the process in Osa. The Fund facilitates the combination of other financial and legal mechanisms to strengthen conservation as conservation easements. Cedarena is promoting both mechanisms in Osa Biological Corridor. The next step is looking for new partners to consolidate the Osa portfolio ($4,75 millions required) and the introduction of new mechanisms as conservation agreements, payments in kind and the generation of business opportunities for the private landowners included in the program.

Thank you!Thank you!

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