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.

Total project value

 

Tonnes of emissions avoided

 

Beneficiaries

 

Direct
21,525
Indirect
546,411
Theme

Cross-cutting

Result areas

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 - 261 days so far

Approved by GCF Board

19 May 2022

Under implementation

Completed

One region

  • Latin America and the Caribbean

One country

USD  
  • Financing
    • Private sector
    • Public sector
  • Size
    • Micro
    • Small
    • Medium
    • Large

GCF financing

InstrumentAmount
LoanUSD 20,000,000
GrantUSD 34,730,152
LoanUSD 10,541,146
Total GCF Financing
USD 65,271,298

Co-financing

Co-financerInstrumentAmount
Co-FinancingLoanUSD 30,231,919
Co-FinancingGrantUSD 210,000
Co-FinancingEquityUSD 18,000,000
Co-FinancingEquityUSD 3,882,339
Total Co-Financing
USD 52,324,259

GCF Contacts

General media inquiries

GCF Communications
Phone +82 32 4458 6338 (KST)
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Request for information

GCF Information Disclosure
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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 6155 (KST)
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Accredited Entity

Corporación Andina de Fomento
Mr. Edgar Salinas
Primary

Executive Principal, Vice-presidency Sustainable Development
Edificio Via Esplanada, sala 201, SAF/Asa Sul, Quadra 02. Bloco D, CEP 700700-600, Brasilia, Brazil
Phone +55 (61) 2191-8624
esalinas@caf.com
Mr. Oscar Guevara
Secondary

Executive Principal, Vice-presidency Sustainable Development
Boulevard Pacifica P.H. Oceania Business Plaza, Torre 2000 Piso 24, Postal Code:0832, Panama City, Panama
Phone +507 297 5378
oguevara@caf.com
More contacts

National Designated Authority

Ecuador
Ministry of Environment and Water
Ms. Karina Maribel Barrera Moncayo Primary
Undersecretary of Climate Change
Av. Madrid 1159 y Andalucía, Quito, Ecuador