SPC - FAO Discussion on developing a Concept Note for a regional – multi country GCF or GEF 7 coastal fisheries project

Background to the agenda item SPC & FAO SAP working closely on fisheries related projects over many years FAO is a GEF Implementing Agency and GCF accredited agency FAO Members attending 2016 FAO Regional Conference requested: FAO to collaborate more with CROP agencies Supported Blue Growth Identified some priority actions for Asia and Pacific subregions FAO looking to partner with CROPS vis a vis new funding opportunities such as GEF 7 and GCF

Objective of the session Full scale 50-250 mill To inform about GCF - GEF 7 approaches To look at SPC and FAO collaboration as a model for a GEF 7 project To seek input on: The magnitude and scope of a GEF 7 project Regional – multi country project specific themes or areas of interest to SPC-FAO Members and GEF Next steps How to move forward and report back? Medium Project 10-50 mill GEF GRANT Co-Financing Partners National Regional Donors GCF PROJECT FSP Grant USD 4-30 million THE PROJECT Small Project 1 - 50 mill BASELINE

GEF – The need for transformative Solutions Food and Agriculture Systems: The world will require more than a 50% increase in food production to meet dietary demands from a world population of nine to ten billion by 2050 The failure of markets to incorporate the value of nature and the services it provides. GEF’s experience in the management of transboundary focused on environmental security and resilience. Energy, food, water, and many other systems are critical for resilience. SIDS identified priorities include resilience to protect biodiversity and promote sustainability “Socio-ecological Resilience” GCF focus on adaptation / mitigation to climate change PSIDS Growing Food Gap, NCDs, Dev. Aspirations,

GEF-7 Financing in Response to SIDS Priorities GEF IMPACT PROGRAMS common to FAO and SPC priorities Biodiversity land soil water

GEF - Sustainable Fisheries Impact Program GEF 7 – Integrated Impact Programs [IPs] FAO and SPC Target Areas Integrated “Impact Programs” addressing multiple benefits across Conventions for which the GEF serves as a financial mechanism 1. Healthy Oceans & Coastal ecosystems IP GEF - Sustainable Fisheries Impact Program 2. Sustainable Fisheries IP A new Impact Program on Fisheries will build on 25 years of GEF investments Recognizes the vital role fisheries play in eliminating hunger, promoting health, and reducing poverty This Impact Program will benefit from investments from other IPs (Healthy Oceans & coastal ecosystems + Environmental Security + Circular Economy) 4. Environmental Security IP 3. Circular Economy A project that spans more than one IP would be more attractive to GEF

GEF 7 – Many GEF 7 Impact Programs are priorities for FAO and SPC and areas within our mandates Sustainable Fisheries (SF) IP, Healthy Oceans & Coastal Ecosystems (HOCE) IP Other GEF Impact Areas SPC FAO Food Security through sustainable Fisheries H Marine Protected Areas (MPAs) – “Managed Areas” Coral Reefs, Mangroves, Saltmarshes and Sea grasses, Deltas Marine pollution from land based sources M Promote market incentives throughout the fishery value chain (economic development) Strengthen and create governance measures, including working with countries to adjust perverse incentive structures, with particular focus on IUU Promote technology to support monitoring, compliance & surveillance Promote innovative financing, particularly crowd-in private sector investments in fisheries using non-grant financial instruments that can reduce the risk of investors Build capacity at all levels including private, public and civil society sectors to restore and maintain functional fisheries Increasing sustainability and resilience of food value chains Diversified agro-ecological food production systems

“Ideas” for elements of a project that arose from HOF discussions Good Governance Increased domestic production and distribution of oceanic fishery resources Coastal Monitoring, Control & Surveillance Efficient and effective Agricultural food production systems More effective management of coastal resources [tenure, co-management, fisher – stakeholder participation] Safety of fishing Early warning – Early Action Economic Development & commercialization Reduction of food loss and waste (preservation techniques) Equitable Access & Distribution of resources Food & Nutrition Security Institutional Coordination and Strengthening Safe food consumption (ciguatera + other food borne disease, pathogens) Coastal community resilience Food Gap Reductions Trade and Marketing of fish products

LET’S DISCUSS