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Sustainable Landscapes in Eastern Madagascar

TONNES of CO2 Anticipated tonnes of CO2 equivalent avoided


Mitigation & Adaptation
GCF results areas
  • Energy generation and access
  • Forests and land use
  • Health, food and water security
  • Livelihoods of people and communities
  • Ecosystems and ecosystem services
Gender benefits 281,000 women UN Sustainable Development Goal
  • #7 Affordable and clean energy

Location & People

  • Africa
  • Madagascar MDG
Beneficiaries (approx.) 1,562,000

Investment Data

  • Financing:
    • Public
    • Public / Private
    • Private
  • Project size:
    • Micro
    • Small
    • Medium
    • Large
  • E&S Risk category:
    • Category A
    • Category B
    • Category C
Total project investment
GCF Financing
  • Instrument Equity USD
  • Instrument Grant USD
  • EIB (Green Bond) Loan USD
  • EIB (ACP SFF) Loan USD
  • Althelia Equity USD
  • CI Grant USD

Project owners

Accredited Entity Executing Entity
  • Conservation International Madagascar Program (CIM) Madagascar
  • Bureau National de Coordination des Changements Climatiques (BNCCC) Madagascar
  • Althelia Climate Fund GP Sarl (Althelia)
Sustainable Landscapes in Eastern Madagascar Approved October 2016 Est. implementation period 10.0 years
Sustainable landscape measures to enhance resilience of smallholders, reducing GHG emissions and channelling private finance into climate-smart investments in agriculture and renewable energy.

Madagascar is one of the most vulnerable countries to climate change in the world, with large numbers of smallholding farmers. There is a high level of food insecurity, precarity, and vulnerability to climate change. The landscape is dominated by natural forest, but deforestation is a source of GHG emissions and degradation of ecosystem services.

The project model is to initially address smallholder vulnerability through non-profit activities, that will prepare the smallholding farmers to eventually access private sector investment, providing a pathway out of extreme vulnerability and dependency. This approach is aimed at overcoming the barriers to private sector investment. Funds will be leveraged through the issuing of a pioneering Green / Climate Bond with all returns and profits being re-invested to capitalise a Climate Change Trust Fund for Madagascar. This will enable continued investment in landscape-level adaptation and mitigation activities.

The project has an estimated lifespan of 10 years.
Document title
Published date
Approved funding proposal FP026 - CI and EIB - Madagascar 22 Mar 2017
ESS report FP026 - CI - EIB - Madagascar 21 Oct 2016
Accredited Entity
  • Conservation International Foundation (CI) Mr. Miguel Morales Tel: +1 703 341 2637 Mr. Steven Panfil Tel: +1 703 341 2822
  • European Investment Bank (EIB) Ms. Maria Esther Badiola Guerra Tel: +352 437982661
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