The project objective is to catalyze sustainable, long-term investment in globally significant conservation areas in two target countries and enable scaling out of the Enduring Earth approach in additional countries, contributing to 30x30 goals. The Enduring Earth Partnership (“EE”) is an ambitious collaboration to support governments and communities to conserve the resources that sustain life by accelerating inclusive area-based conservation measures in furtherance of 30x30 and other development goals through the Project Finance for Permanence (“PFP”) approach. Under a PFP approach, target countries define a unique set of commitments from multiple stakeholders in a single closing to ensure that, over the long term, large-scale systems of conservation areas are well-managed, sustainably financed, and benefit the communities who depend on them.
Working in close coordination with government, the project will provide direct support to project finance for permanence (“PFP”) initiatives in Gabon and Namibia and initiate a design process for a multi-country durable finance mechanism in the Eastern Tropical Pacific countries of Colombia, Costa Rica, Ecuador, and Panama. The project will also undertake global work to promote enabling conditions for sustainable financing for protected and conserved areas and the scaling out of the PFP approach through the Enduring Earth Partnership, learning from PFPs underway in Brazil, Costa Rica, Colombia, and Peru, to accelerate PFP development in additional countries.
