The overarching goal of the project is to protect the Amazon rainforest by strengthening Amazon socio-biodiversity organizations, businesses, and supply chains, promoting a development model in the Brazilian Protected Areas System in the Amazon that empowers conservation stewards (ILPCs) by combining conservation with income generation. The estimated improvement of the effectiveness of protected areas (Resex, RDS, Flotas and APAs – IUCN categories IV and VI) reaches 11.9M hectares and provides global environmental benefits. <br>
The project strategy to achieve this goal is to use a non-grant instrument to support a common financial instrument in Brazil (CRA - agribusiness receivables certificate) innovatively, for the first time for sustainable production in the Amazon and leveraging Natura (Brazilian major cosmetic industry) strong and trusting relationship of 20 years built with local cooperatives.
Living Amazon Mechanism
Financial mechanism
GEF
Date of approval
Status
Project approved
Countries
Implementing organisations
FUNBIO
Project ID
11327
GEF project type
Full size
GEF project phase
GEF - 8
GEF Cofinancing
$42.977.606
GEF project grant
$6.200.000
Executing Agencies
Vert