FP235

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

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

  • Status Under implementation
  • Date approved 16 Jul 2024 at B.39
  • Est. completion 15 Aug 2030
  • ESS Category Category B

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.

Total project value

 

Tonnes of emissions avoided

 

Beneficiaries

 

Direct
89,600
Indirect
3,400,000
Theme

Cross-cutting

Result areas

Project timeline

Pipeline

01 May 2023 - 443 days

Funding proposal received

01 May 2023

Legal opinion on AE's Internal Approval

23 Nov 2023

Approved

16 Jul 2024 - 31 days

Approved by GCF Board

16 Jul 2024

Cleared by iTAP

16 Jul 2024

FAA executed

18 Jul 2024

Under implementation

15 Aug 2024 - 111 days so far

FAA effective

15 Aug 2024

Disbursement - USD 4,000,000

11 Oct 2024

To be completed

15 Aug 2030 - 2,081 days to go

One region

  • Latin America and the Caribbean

One country

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

GCF financing11% disbursed

InstrumentAmount
GrantUSD 36,404,391
Total GCF Financing
USD 36,404,391

Co-financing

Co-financerInstrumentAmount
Co-FinancingGrantUSD 2,694,000
Co-FinancingIn-kindUSD 1,354,545
Co-FinancingIn-kindUSD 5,481,988
Total Co-Financing
USD 9,530,533

GCF Contacts

General media inquiries

GCF Communications
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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 6714 (KST)
Send e-mail

Entity

Conservation International Foundation
Mr. Steven Panfil
Primary

Vice President CI-GCF Agency
2011 Crystal Drive, Suite 600 Arlington, VA 22202, United States
Phone +1 703 341 2400
spanfil@conservation.org
Mr. Robert Merritt
Secondary

Director, Project Development CI-GCF Agency
2011 Crystal Drive, Suite 600 Arlington, VA 22202, United States
Phone +1703 341 2400
rmerritt@conservation.org
More contacts

National Designated Authority

Ecuador
Ministry of Environment, Water and Ecological Transition
Mr. Ángel Sandoval Primary
Undersecretary of Climate Change
Av. Madrid 1159 y Andalucía, Quito, Ecuador