How does GCF go about helping its partners secure long-term financing for protected areas?
The model that GCF is premised on is this idea of setting up something permanent, something that will be there in perpetuity to provide the resources for these sites to implement their management plans. That being said, these vehicles are expensive. Generally, we need a significant amount of capital to sufficiently fund a protected area. For instance, a $1 million fund is only going to generate on average $50,000 a year, which for most protected areas is not sufficient. So one of the challenges is to try to work with the grantees to come up with a holistic assessment of what the actual costs will be year in and year out of managing the protected area and implementing the management plan. We work very closely with grantees to support this type of analysis, looking at what the recurrent costs will be, and looking at different scenarios as well. We consider what you would call an ideal scenario, where you’re basically able to fund the full suite of activities in your management plan; and
