Establish a financial facility that provides technical assistance and partially repayable grant funding to eco and bio businesses to support the sustainable management and conservation of Peruvian forests, and strengthen the REDD+ infrastructure in Peru by piloting the “nesting” of small-scale interventions under the national framework.
March 2023
March 2033
$8.972.400
Executor and administrator
It is the world's largest fund dedicated to helping developing countries reduce their greenhouse gas emissions and improve their capacity to respond to climate change.
Profonanpe is Peru's environmental fund that provides innovative alternatives for environmental protection and sustainable development.
These are key regions for biodiversity conservation in Peru. These areas are home to Key Biodiversity Areas (KBAs) y Alliance for Zero Extinction (AZE) sites, These areas protect unique and highly threatened species. Their ecological value is incalculable, as they contain fragile and essential ecosystems such as the Amazon rainforest, montane forests, and high Andean zones. Protecting these territories is vital to addressing the global extinction crisis and ensuring a sustainable future for the country's biodiversity.
Beneficiaries of technical assistance and subsidies. Actors with bio-businesses (indigenous peoples, regional governments and the private sector).
Inputs were developed to enable MINAM to strengthen its forest cover monitoring module and establish a forest emissions reference level, both addressing forest degradation. REDD+ safeguards were also developed to strengthen MINAM's technical and institutional capacities to ensure environmental and social integrity and the sustainability of eco- and bio-businesses.
The project operations manual was developed, containing, among other things, the procedures for the management of sub-donations and technical assistance, the management of REDD+ safeguards at the eco and bio-business level, a fund replenishment strategy, and the mechanism for measuring, reporting and verifying carbon emissions.
The project's Board of Directors was formed and met 3 times during the year.
The rules for the project's first biobusiness competition were approved; and the project was successfully positioned as an ally present in programs and events related to impact investment.
Inputs were developed to enable MINAM to strengthen its forest cover monitoring module and establish a forest emissions reference level, both addressing forest degradation. REDD+ safeguards were also developed to strengthen MINAM's technical and institutional capacities to ensure environmental and social integrity and the sustainability of eco- and bio-businesses.
The project operations manual was developed, containing, among other things, the procedures for the management of sub-donations and technical assistance, the management of REDD+ safeguards at the eco and bio-business level, a fund replenishment strategy, and the mechanism for measuring, reporting and verifying carbon emissions.
The project's Board of Directors was formed and met 3 times during the year.
The rules for the project's first biobusiness competition were approved; and the project was successfully positioned as an ally present in programs and events related to impact investment.
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