Mangroves for climate: Public, Private and Community Partnerships for Mitigation and Adaptation in Ecuador

  • Cross-cutting
  • Under implementation
Date approved
18 Jul 2024
Est. completion
15 Aug 2030
ESS Category
Category B
Financing
Public sector
Entity
Conservation International Foundation

Overview

Ecuador’s coastal regions are experiencing unprecedented challenges due to climate change, including rising sea levels, extreme El Niño events, increased precipitation variability, and hotter temperatures. These conditions lead to frequent and severe coastal flooding, which threatens local communities and economic activities. Despite their crucial role in mitigating these impacts, mangroves are rapidly being deforested, primarily for shrimp farming. This increases coastal communities' vulnerability to climate risks. 

To address these challenges, the project engages local communities and the private sector in the restoration and sustainable management of mangrove areas. The project will strengthen community-based mangrove management while enhancing the local population’s resilience by improving livelihoods. Furthermore, the project will support shrimp aquaculture farms to adopt practices and production standards that require the elimination of deforestation and active reforestation in coastal and mangrove areas, via results-based payments, and by strengthening governance structures.

The project promotes multiple co-benefits, including the enhancement of ecosystem health, improved fisheries, and reduction of flood risks.

This funding proposal was developed with support provided by the GCF Project Preparation Facility.

Result areas

Project timeline

  • Pipeline

    445 days

    • Funding proposal received

    • Legal opinion on AE's Internal Approval

    • Cleared by GCF Secretariat

    • Cleared by iTAP

  • Approved

    29 days

    • Approved by GCF Board

    • FAA executed

  • Under implementation

    710 days so far

    • FAA effective

    • Disbursement - USD 4,000,000

    • Disbursement - USD 6,800,000

  • To be completed

    1,482 days to go

    Not started

  • Total project value $ 45.9 million

  • Tonnes of CO2 equivalent avoided 4.6 million

  • Total number of beneficiaries 3.5 million

Financing

GCF-financing

0.0%

USD

Co-financing

0.0%

USD

USD 45.9 million

Show details

GCF-financing

30% disbursed

  • Grant USD 36,404,391
  • Total GCF-financing USD 36,404,391

Co-financing

  • Grant USD 2,694,000
  • Inkind USD 1,354,545
  • Inkind USD 5,481,988
  • Total co-financing USD 9,530,533

News and stories

Documents

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