BAHIA AND ESPÍRITO SANTO FUND

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What is

Photo: Archive Funbio

 

Funbio designed the “Financial Mechanism for Federal Protected Areas in Bahia and Espírito Santo”, also known as the Bahia and Espírito Santo Fund, with the support of Conservation International Brazil and the CI’s Global Conservation Fund. The publicly/privately-managed fund was created to support the establishment, consolidation, maintenance and institutional strengthening of Federal PAs in the two states, part of the Chico Mendes Institute’s Regional Coordination Area 7, which straddles 29 PAs covering a combined total of 9 thousand km2.

The fund can receive donations from NGOs, bi- and multilateral agencies, companies and Brazilian and foreign institutions, as well as individual donors, and can also incorporate funds from legal obligations, such as environmental offset payments, licensing requisites and consent decrees/conduct adjustment agreements (TACs).

Status

Progress

Starting year

2016

Biome

Atlantic Forest