The Blue Carbon Accelerator Fund (BCAF) is launching its first Implementation Support Call for Proposals, which will provide support for implementing blue carbon ecosystem restoration and conservation projects.
Through its support, BCAF is aiming to increase the global supply of investment-ready coastal blue carbon projects.
The purpose of the BCAF Implementation Support is to restore and conserve different types of coastal blue carbon ecosystems situated within various socio-economic situations, and to measure the resulting social, economic, climate and wider environmental benefits in a way that is useful for financial and project management decision-making.
These ecosystems are attracting growing interest from the private sector, including businesses seeking to offset their emissions through carbon credits or to meet corporate social responsibility goals, philanthropic funders looking to contribute to biodiversity and local community outcomes, investors interested in coastal resilience, and local businesses gaining revenue from blue carbon credits on top of financial profits from fishing and nature tourism.
Funding Information
BCAF Implementation Support funding will be available up to 770,000 AUD per project, with an expectation that a total of four projects will be selected. Funding allocation will depend on the scope of the activity and its complexity.
Activities
This Call for Proposals will fund project activities such as:
Enabling activities, such as technical, financial, legal and management activities.
Implementation activities, such as conservation and restoration, prevention, response and control, and monitoring.
Partnerships and engagement
What are they funding?
The BCAF Implementation Support will provide funding for on-ground implementation of coastal blue carbon restoration and conservation projects in several developing countries in the Indo-Pacific region.
Projects must showcase project feasibility for restoration and conservation, and the extent to which the project will be able to demonstrate measurable outcomes across social, economic, climate and wider environmental domains.
Funding is available to non-governmental organisations (NGOs), not-for-profit community groups, universities (and other research-focused institutions) and private sector entities (small to medium type enterprises, incl. social enterprises, start-ups project developers).
Eligible Countries
The project must be located in any of the following countries: Cambodia, Cook Islands, Fiji, Indonesia, Kiribati, Malaysia, Marshall Islands, Micronesia, Nauru, Niue, Palau, Papua New Guinea, Philippines, Samoa, Solomon Islands, Thailand, Timor-Leste, Tokelau, Tonga, Tuvalu, Vanuatu, Viet Nam.
These countries are defined by the OECD Development Assistance Committee (DAC) as Official Development Assistance (ODA) eligible or have recently graduated and are within Australia’s immediate region within the Indo-Pacific region.
Eligibility Criteria
Eligible legal entities under the BCAF Implementation Support are:
Non-governmental organizations (NGO);
Not-for-profit community groups;
Universities and other research-focused institutions; and
Private sector entities (small to medium type enterprises, incl. social enterprises, startups project developers)
