GlobalCAD contributes to the financial empowerment of 10 indigenous communal reserves
Photo: Andrés Medina en Unsplash

GlobalCAD, in consortium with the NGO CESAL and in collaboration with Conservation International, has concluded the design project for the establishment and operationalisation of a Green Business Facility (GBF) for the proposal “Scaling up the co-management model of Communal Reserves to reduce emissions and increase the resilience of indigenous peoples in the Peruvian Amazon”, submitted and approved by the Green Climate Fund.

The main objective of the proposal is to empower indigenous peoples to achieve the sustainability of 10 Peruvian Communal Reserves and their surrounding areas by promoting the sustainable use of natural ecosystems, limiting deforestation and forest degradation, restoring degraded ecosystems and improving the livelihoods of communities.

GlobalCAD and CESAL have designed a GBF funding structure that responds to the financial requirements of the 10 Communal Reserves, through participatory analysis of the needs of the indigenous communities involved in the project and the opportunities provided by the context and the Communal Reserve status. Subsequently, the consortium identified and evaluated all those national, regional and international financing mechanisms that best fit the financial needs of the Peruvian Communal Reserves and that could be considered within the GBF.

With the support of the online platform My Green Fund, for each of the Communal Reserves, the most relevant funds were selected from among the total identified, based on their thematic orientation, the geographic area they cover, or their eligibility to finance the main production and commercialisation activities of each CR.

The project started in August 2020 and has lasted 7 months.

Pablo Tierno
Pablo Tierno
Pablo is a graduate in Economics at Pompeu Fabra University and holds an MSc in International Business from the University of Leeds.