Recipient

Project

How BCAF will help

Indonesia

Forest Carbon

The long-term goal of the project is to leverage markets (carbon or other payment for ecosystem services) to fund a large-scale restoration and conservation project across the wider land and seascape around Misool island in Indonesia for a period of 30 years or more. This funding will preserve endangered and threatened species, restore degraded coral reefs, sequester carbon through mangrove and seagrass restoration and enhance management of a 42,000 hectare Marine Protected Area through a replicable model that engages communities in the protection of their own marine and coastal assets.

BCAF will fund two critical project milestones focused on finalizing data collection. Funding will support a comprehensive biodiversity assessment and development of a world class biodiversity monitoring program that will prepare the project for certification and audit under a leading international standard for environmental markets.

Malaysia

Ecosecurities

The project aims to develop a Blue Carbon project in the highly sensitive Rajang Delta of Sarawak, Malaysia, ranked as one of the most biologically diverse places on earth. Decades of unsustainable logging and palm oil development now have Sarawak’s largest remaining area of mangroves under significant threat. The collaboration between Ecosecurities, South East Carbon, the Sarawak Department of Forestry and local communities will look to restore and permanently conserve this unique ecosystem through a sustainable financing model.

Support from BCAF will help to define the technical, social, and financial viability of the Rajang Delta Blue Carbon project, thereby directing private sector investment toward strengthening community well-being, protecting and restoring critically endangered habitat and building ecosystem resilience. Funding will be directed to establishing a science-based and robust emission profile for the project, a community led assessment of rights, resources and preferred future management scenarios, and a detailed roadmap for private sector investment into the project.

Philippines

Rare

Rare supports behavior-centered solutions to protect, restore, and sustainably manage coastal areas for biodiversity and climate action through innovative finance approaches. With this project, we focus on the early-stage blue carbon feasibility assessments and community empowerment and engagement in the Tañon Strait Protected Seascape in the Philippines.

BCAF is supporting activities that advance key elements necessary for early-stage project design such as a coastal blue carbon market project feasibility assessment paired with a local stakeholder assessment. BCAF also supports the project establishing a business plan to outline how the blue carbon market project revenue could benefit coastal ecosystem protection and community livelihoods.

Indonesia

RePLANET

The rePLANET Sulawesi mangrove project is restoring up to 2000 hectares of existing abandoned or underutilized shrimp farms in South-East Sulawesi, on village-controlled land. The 2000 hectares of mangrove restoration will be funded through carbon and biodiversity credit sales and have a guaranteed 60% of the income going to local stakeholders (owners, users and managers of the site).

There are new forest carbon laws in Indonesia that would apparently allow this type of mangrove restoration to proceed but no projects have yet navigated this new law. The BCAF grant will help bring this first mangrove project to market and provide information so private sector investment in mangrove restoration in Indonesia can be scaled up.