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Experiences with the Private Sector in Biodiversity Conservation and Sustainable Use

Experiences with the Private Sector in Biodiversity Conservation and Sustainable Use. FUNBIO Brazilian Biodiversity Fund May 10, 2007. Matching Funds for Projects of Common Interest. Ratio : 1:1 or 1:1.5 Proposals Negotiated: 70 Proposals Contracted: 10

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Experiences with the Private Sector in Biodiversity Conservation and Sustainable Use

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  1. Experiences with the Private Sector in Biodiversity Conservation and Sustainable Use FUNBIO Brazilian Biodiversity Fund May 10, 2007

  2. Matching Funds for Projects of Common Interest. • Ratio: 1:1 or 1:1.5 • Proposals Negotiated: 70 • Proposals Contracted: 10 • Total Value Contracted as Donations: US$ 6.3 million • Average Project Value: US$ 630 thousand • Status: All operations are executed and finished. • Observations: • i. There were no projects without previously defined objectives and conditions. • ii. Donations were not tax deductible. • iii. All operations were volunteer and unattached to fiscal or legal obligations

  3. Contributions to Amazon Region Protected Areas Program (ARPA) • Two volunteer donations of US$ 1 million each to ARPA’s endowment fund (FAP), from two well known Brazilian cosmetic industries.

  4. New Corporate Social and Environmental Responsibility Objective: Solutions, ideas, instruments for guaranteeing long term financial sustainability to: • i. Volunteer social and environmental initiatives. • ii. Mitigation and/or compensation of social and environmental impacts generated by productive and commercial initiatives. Companies and Status: • AES, initial phase of negotiation for design of a new fund; • AIG, initial phase of negotiation for carbon offsetting mechanism; • Alcoa, design and operation of a fund; • Camargo Correia, first contact made.

  5. Public Institution’s Interest in the Private Sector. Objective: Solutions, ideas, instruments, institutional reforms for facilitating and attracting investment/leveraging/matching with the private sector: Public Environmental Funds: • FECAM, State of Rio de Janeiro, Secretariat of Environment, reform of existing fund, and design of two new funds; • Fauna Fund/Sea Fund, Public Attorney & IBAMA, design and operation of a fund. Co-management of National Forest • Flona Irati, Public Attorney and IBAMA, design and operation of a fund.

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