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
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.
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
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Financing
- Private sector
- Public sector
-
Size
- Micro
- Small
- Medium
- Large
GCF financing11% disbursed
Instrument | Amount |
---|---|
Grant | USD 36,404,391 |
Total GCF Financing |
---|
USD 36,404,391 |
Co-financing
Co-financer | Instrument | Amount |
---|---|---|
Co-Financing | Grant | USD 2,694,000 |
Co-Financing | In-kind | USD 1,354,545 |
Co-Financing | In-kind | USD 5,481,988 |
Total Co-Financing |
---|
USD 9,530,533 |
GCF Contacts
General media inquiries
GCF CommunicationsSend e-mail
Request for information
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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
Vice President CI-GCF Agency
2011 Crystal Drive, Suite 600 Arlington, VA 22202, United States
Director, Project Development CI-GCF Agency
2011 Crystal Drive, Suite 600 Arlington, VA 22202, United States
More contacts
National Designated Authority
Ministry of Environment, Water and Ecological Transition
Undersecretary of Climate Change
Av. Madrid 1159 y Andalucía, Quito, Ecuador
Documents
Title | Type | Date |
---|---|---|
Mangroves for climate: Public, Private and Community Partnerships for Mitigation and Adaptation in Ecuador | Approved funding proposal | 14 Aug 2024 |
Environmental and social safeguards (ESS) report for FP235: Mangroves for climate: Public, Private and Community Partnerships for Mitigation and Adaptation in Ecuador | Environmental and Social Safeguards report | 13 Jun 2024 |