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Catalyzing Climate Finance (Shandong Green Development Fund)

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Catalyzing Climate Finance (Shandong Green Development Fund)

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Amazon
Area: 5888268 km2
Countries:
Brazil; Peru; Suriname; France; Colombia; Guyana; Bolivia; Venezuela; Ecuador
Cities:
Santa Cruz; Manaus; La Paz
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Quick Info

Countries: Colombia
Basins: Magdalena
Project SDGs:
Includes Sustainable Development Goals from the project and its locations.
Climate Resilience and Adaptation (SDG 13.1)
Project Tags:
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Nature-Based Solutions
Progress to Date: 1.4 Billion tonnes Tonnes of emissions avoided
Services Needed: Financial support
Desired Partner: Investor
Language: English
Start & End Dates: Jan. 01, 2018  »  Dec. 31, 2020
Project Website: www.greenclimate.fund/project/fp082
Contextual Condition(s): PHYSICAL: Ecosystem vulnerability or degradation
Additional Benefits: Heightened agreement on priority basin water challenges
Beneficiaries: Ecosystems
Planning & Implementation Time: More than 3 years
Financial Resources: More than $500,000 USD
Primary Funding Source: pool
Project Challenges: RESOURCES: Lack of financial resources
Project Source: Admin
Profile Completion: 90%

Project Overview

Catalysing private finance to maximize mitigation and adaptation impacts. Among ChinaÕs provinces, Shandong has the highest energy consumption and is one of the most carbon-intensive - driven by its high use of coal as an energy source for its large industrial base. Limited public finance makes it difficult to meet the provinceÕs goals to green its economy. This project will catalyse private finance by offering adequate returns thanks through the blending of public finance…

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Catalysing private finance to maximize mitigation and adaptation impacts. Among ChinaÕs provinces, Shandong has the highest energy consumption and is one of the most carbon-intensive - driven by its high use of coal as an energy source for its large industrial base. Limited public finance makes it difficult to meet the provinceÕs goals to green its economy. This project will catalyse private finance by offering adequate returns thanks through the blending of public finance, concessional donor finance, and private finance. It will support investments that maximise mitigation and adaptation initiatives across several sectors, in line with ShandongÕs mitigation and adaptation policies, while tapping co-financing 7.3 times GCFÕs contribution.
Basin and/or Contextual Conditions: PHYSICAL: Ecosystem vulnerability or degradation
Project Benefits: Heightened agreement on priority basin water challenges
Indirect or Direct Beneficiaries: Ecosystems
Months & Implementing: More than 3 years
Financial Resources: More than $500,000 USD
Primary Funding Source: Pool funding (i.e., joint funding of several partners)
Challenges: RESOURCES: Lack of financial resources

Project Narrative

MAIN CHALLENGE Soil recovery & food sovereignty SITE OWNERSHIP Communal Land. Indigenous Reserve since 2008 CAUSE OF DEGRADATION Monoculture & Coca Plantations WHY THIS SITE? In this camp we are primarily are working on the restoration of 10-20 hectares to restore the soil, forest cover and energy cleanse, this site was affected by the armed conflict and the use of this land for coca monocultures in the past. LONG TERM PROTECTION Regenerative agriculture provides food security, helping to eliminate hunger and the risk of poverty with indigenous communities. Natural and cultural preservation using ancient wisdom, circular economies, art, science, design, and communications with permaculture principles.

Partner Organizations


Overview There is a shrinking window of opportunity to address the climate crisis. Average global temperature is currently estimated to be 1.1°C above pre-industrial times. Based on existing trends, the world could cross the 1.5°C threshold within the next two … Learn More


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