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  • 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

Geography
Approval FY
2024
Fund
Green Climate Fund
Fund Spend
$36,404,391
Co-Financing
$9,530,533

Documents

Summary

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.

About this project

Approval FY
2024
Fund
Green Climate Fund
Fund Spend
$36,404,391
Co-Financing
$9,530,533
Status
Under Implementation
Theme
Cross-cutting
Implementing Agency
Conservation International Foundation
Sector
Public
Result Area
Ecosystems and ecosystem services, Forest and land use, Livelihoods of people and communities
Type
Project
Topics
, ,

 Topics mentioned most in this project  
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Group
Topics
Target
Policy instrument
Risk
Impacted group
Just transition
Renewable energy
Fossil fuel
Greenhouse gas
Economic sector
Adaptation/resilience
Finance

Note

Green Climate Fund Projects

Project information is sourced from Green Climate Fund. Please check terms of use for citation and licensing of third party data.