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Published byLawrence Paul Modified over 9 years ago
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Experiences with the Private Sector in Biodiversity Conservation and Sustainable Use FUNBIO Brazilian Biodiversity Fund May 10, 2007
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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
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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.
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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.
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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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