FP185
Climate Change: The New Evolutionary Challenge for the Galapagos
Climate Change: The New Evolutionary Challenge for the Galapagos
Life in the Galapagos Islands is at risk because of climate change. Extreme weather events, warming lands and ocean, and sea level rise threaten the archipelago’s farming and fishing communities, as well as its rich marine and terrestrial ecosystems. Furthermore, energy generation in the Galapagos heavily relies on imported fossil fuels and inefficient power grids, increasing the carbon footprint in its agriculture, fisheries, and tourism sectors.
To help establish a sustainable and self-sufficient island system, this project aims to strengthen local communities through the rehabilitation of ecosystems and the promotion of climate-smart agriculture and tourism practices. This project will also assist the establishment of the Conolophus local power plant and de-risk investments for decentralised renewable energy sources, reducing overall energy dependence on imported diesel.
To maintain climate resilience and low emission measures, the project will also mainstream climate change in regulatory frameworks and planning instruments, including the establishment of an ecotourism certification scheme and educational curricula for climate knowledge among local citizens.
Project timeline
Pipeline
22 May 2019 - 1094 days
Concept note received
22 May 2019
Funding proposal received
25 Mar 2021
Cleared by iTAP
25 Apr 2022
Approved
19 May 2022 - 837 days so far
Approved by GCF Board
19 May 2022
Legal opinion on AE's Internal Approval
20 Apr 2024
Under implementation
To be completed
-
Financing
- Private sector
- Public sector
-
Size
- Micro
- Small
- Medium
- Large
GCF financing
Instrument | Amount |
---|---|
Loan | USD 20,000,000 |
Grant | USD 34,730,152 |
Loan | USD 10,541,146 |
Total GCF Financing |
---|
USD 65,271,298 |
Co-financing
Co-financer | Instrument | Amount |
---|---|---|
Co-Financing | Loan | USD 30,231,919 |
Co-Financing | Grant | USD 210,000 |
Co-Financing | Equity | USD 18,000,000 |
Co-Financing | Equity | USD 3,882,339 |
Total Co-Financing |
---|
USD 52,324,259 |
GCF Contacts
General media inquiries
GCF CommunicationsSend e-mail
Request for information
GCF Information DisclosureRequest information about this project
Project complaints and grievances
GCF Independent Redress Mechanism (IRM)Phone +82 32 458 6186 (KST)
File a complaint
Integrity issues
GCF Independent Integrity Unity (IIU)Phone +82 32 458 6714 (KST)
Send e-mail
Accredited Entity
![](https://www.greenclimate.fund/sites/default/files/organisation/logo-caf.png)
Corporación Andina de Fomento
Climate Action and Positive Biodiversity, Director
Ciudadela 1235, Montevideo, Uruguay
Climate Action and Positive Biodiversity, Principal Executive
Carrera 9 No 76-49, Edificio ING, piso 7, Bogotá, Colombia
More contacts
National Designated Authority
Ministry of Environment, Water and Ecological Transition
Undersecretary of Climate Change
Av. Madrid 1159 y Andalucía, Quito, Ecuador
angel.sandoval@ambiente.gob.ec
diego.quishpe@ambiente.gob.ec
kimberlly.mejia@ambiente.gob.ec
Documents
Title | Type | Date |
---|---|---|
Climate Change: The New Evolutionary Challenge for the Galapagos | Approved funding proposal | 16 Jun 2022 |
Gender action plan for FP185: Climate Change: The New Evolutionary Challenge for the Galapagos | Gender action plan | 01 Jun 2022 |
Gender assessment for FP185: Climate Change: The New Evolutionary Challenge for the Galapagos | Gender assessment | 01 Jun 2022 |
Environmental and social safeguards (ESS) report for FP185: Climate Change: The New Evolutionary Challenge for the Galapagos | Environmental and Social Safeguards report | 25 Apr 2022 |