Biodiversity Trust Fund, PES Sustainable Biodiversity Trust Fund, PES Sustainable MechanismMechanism

Innovations for Equity in smallholder PES: Bridging Research and

Practice

Botanical Gardens in Edinburgh on 21st March 2014

Virginia Reyes Gatjens

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OutlineOutline•Background

•Sustainable Biodiversity Trust Fund

Framework of The SBTF

Donors and funds invested in the SBTF

Sustainable Biodiversity Trust Fund (BTF): Financial Sources

•Osa Biological Corridor as example

•Remarks

•Video of Resguardando Osa

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Costa Rica has The Climate Change National Costa Rica has The Climate Change National Strategy Strategy

Carbon Neutrality program had been established by The Ministry of Environment, which defines the rules and process that one organization should follow to be carbon neutral.

8 companies have been certified as carbon neutral, according with the norm C-Neutrality defined by INTECO (Technical Norms Institute of Costa Rica): BAC Credomatic Costa Rica, Distribuidora Centroamericana Florex, Café Britt Costa Rica, Euromobilia, Mapache Rent a Car, Travel Excellence, Servicios Ambientales Geocycle del Grupo Holcim y Grupo Purdy Motor.

The Carbon Voluntary Market of Costa Rica was designed.

Costa Rica has the first emissions inventory4

PES programPES program

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Sustainable Biodiversity Sustainable Biodiversity Trust FundTrust Fund

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TimetableTimetable200

7Building process began (Eco-Market)201

0SBTF established as Environmental Bank FoundationNational Bank (Agreement signed)Green Card: savings card

2011 Special Committee and Donor´s council

kfW (US$ 8 million)GCF-CI (US$ 0,5 million)201

2OC (US$ 0,5 million)201

3GEF (US$ 7,5 million)201

4Eco-Market project (US$ o,5 million)Green credit and pre-paid cards

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Donors and funds invested in the Donors and funds invested in the SBTFSBTF

Source Amount (US$)

kfW Bank 7.978.079

GEF 7.500.000

CI 500.000

Osa Conservation 499.498

Green Card 247.293

CO2 car compensation certificate

58.692

Eco-market 418.102

Re-invested yields 1.113.023

Total 18.314.688

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Financial sourcesFinancial sources

Osa Osa PortfolioPortfolio

Current PES area and financial resources Current PES area and financial resources needed to guarantee the conservation of the needed to guarantee the conservation of the

Osa Biological CorridorOsa Biological Corridor• 3.306 ha represent 3% of the total quantity of

hectares of the Osa Biological Corridor

(121.577 ha).• Beneficiaries have received US$645.795 from 2007 to 2013.• Include 15 small

producers; 8 organizations and 2 rural

aqueducts

Target: To cover 8% of the Corridor (9.726,16 Ha).

Investment required: $13,5millions, means: $4,75 millions (donors and alliance with private sector) + 4,75

millions GEF), excluding the $2 millions already invested.

Assessment results: Assessment results: Osa Biological Osa Biological

CorridorCorridor

RemarksRemarksThe Biodiversity Trust Fund and the Osa portfolio is being developed as private-public sustainable model for long term conservation which could be replicated in other countries of the region.

The Fund provides 1 to 1 match funds (GEF and Kfw resources) for investor in the Osa portfolio and other priority areas defined by Fonafifo, as strategy to motivate the participation of other donors.

The Fund counts with the platform of Fonafifo for its implementation in the field and with Cedarena as partner who support the process in Osa.

The Fund facilitates the combination of other financial and legal mechanisms to strengthen conservation as conservation easements. Cedarena is promoting both mechanisms in Osa Biological Corridor.

The next step is looking for new partners to consolidate the Osa portfolio ($4,75 millions required) and the introduction of new mechanisms as conservation agreements, payments in kind and the generation of business opportunities for the private landowners included in the program.

Thank you!Thank you!

vreyes@cedarena.orgvreyes@cedarena.orgwww.cedarena.orgwww.cedarena.org