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Unlocking Climate Finance for Conservation

Unlocking Climate Finance for Conservation. Micronesia Conservation Trust (MCT) . MCT is the FSM region’s only conservation trust fund . In 2006, the MCT was selected as the financial mechanism for the Micronesia Challenge Initiative.

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Unlocking Climate Finance for Conservation

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  1. Unlocking Climate Finance for Conservation

  2. Micronesia Conservation Trust (MCT) • MCT is the FSM region’s only conservation trust fund. • In 2006, the MCT was selected as the financial mechanism for the Micronesia Challenge Initiative. • MCT currently manages two different types of funds: a set of endowment funds and advised sinking funds. • MCT applied to become the National Implementing Entity through the Adaptation Fund. • By way of this process has since improved internal control systems, risk management procedures, and developed a guidance committee

  3. What Are Conservation Trust Funds? • Private, grant-making institutions that provide sustainable financing for conservation • Financing mechanisms that raise and invest funds to make grants to NGOs and CBOs • Public-private partnerships that provide technical assistance and grants to strengthen the institutional capacity of grantees

  4. Why Integrate Climate Change? • Consequences of climate change have brought sense of urgency • Increased financial resources • Developing countries lack capacity to access, distribute and use resources for climate action • CTFs have proven effective for conservation efforts and would be equally well-suited to channel climate funding

  5. Adaptation activities • via infrastructure • via natural systems • related to development needs • Disaster risk reduction • Technology transfer • for adaptation • for mitigation • Mitigation activities • REDD+ Gaps currently not being covered by CTFs: 1. Adaptation via natural systems 2. REDD+ Natural systems PES Forest Management Protected Areas Biodiversity protection Ecosystems protection Climate Finance Expertise CTFs Expertise

  6. CTFs Are Moving To Integrate Adaptation And REDD+ Into Conservation • Interest is increasing from external environment (donors, etc.) on channeling resources for climate change action through CTFs • Local communities in developing countries are requesting funding from CTFs

  7. ChallengesDue to specialized nature of climate change action 1. Increasing staff capacity 2. Expanding Tech/Project Review Committee expertise 3. Building support for communities to absorb resources for climate change action

  8. ChallengesDue to increase in sheer size of funding • Expectation of higher fiduciary standards • Keeping up with multiplicity of donor requirements

  9. OpportunitiesWhat would help CTFs face these challenges? 1. Capacity Building effort to design, implement and monitor climate change action 2. Guidelines for enhancing internal capacity 3. Fiduciary standards for CTFs 4. Certification as a National Implementing Entity

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