Fund SIRF Fund SUSTAINABLE ISLAND RESOURCE FUND A l A lit ittle - PowerPoint PPT Presentation

Sustainable Island Resource Framework Fund SIRF Fund SUSTAINABLE ISLAND RESOURCE FUND

A l A lit ittle le ab abou out t Ant Antig igua ua an and Bar d Barbuda buda  Population: 80,000  Area: 170 sq m  Main Sectors: Tourism, International Financial Services  Small Island Developing State

Th The e Bu Business iness As As Usual ual Ap Appr proach oach to o Envi En vironmental ronmental Stew ewardship ardship  Dependence on friendly countries international organizations providing grants or loans  Funds project with a limited life but the benefits are not sustained after the project ceases  Business As Usual approach is not sustainable!

Ou Our Jou Journey rney to a Ne o a New Ap Approach oach  Policy Review and State of the Environment  Susta stainabl inable e Isl sland nd Res esourc urce e Managem agement ent Mec echan hanism sm Project ject  Legislative weakness with regard to the Environment  Physical Planning  Review of major challenges to major watersheds  Cataloguing some of our species

Ou Our Jou Journey rney to a Ne o a New Ap Approach oach  Policy Review and State of the Environment  OECS Protected Areas and Associated Livelihoods (OPAAL) project  Revised NBSAP in 2013

Ou Our Jou Journey rney to a Ne o a New Ap Approach oach: : Con onclusions clusions an and St d Strategic ategic Ac Actio ions ns Pre ressure ure and d Status tus Highlig ights hts  Environment Division had not specific legal mandate (Legislative Gap)  Weak Physical Planning Legislation and Tools (Legislative Gap, Skills Gap)  Inconsistent government funding for Depts with Environment responsibilities (Gaps)  Major Watershed and key Biodiversity areas under threat  Uncoordinated Approach  Undervalued Ecosystem services  Invasive challenges: Land and Sea

Ou Our Jou Journey rney to a Ne o a New Ap Approach oach: : Con onclusions clusions an and St d Strategic ategic Ac Actio ions ns Res esponse onses: MAINSTREAMING PROTECTION • Created National  Drafted Physical Environment Development Plan Management and (Law) Protection Act • Additional Protected • Created EIMAS Areas with with Layers for Management Plans Planning  Physical • Updated Development Plan Physical Development Act

Ou Our Jou Journey rney to a Ne o a New Ap Approach oach: : Con onclusions clusions and St an d Strategic ategic Ac Actio ions ns  Some important Lesson Learned:  Polluter pays principle makes you dependent on pollution (a perverse incentive)  We must develop a self-sustaining financing mechanism to properly steward biodiversity and the ecosystem  Introducing: The S ustainable I sland R esource F ramework Fund ( SIRF Fund)  Sustainable Use  Implementation

Ch Chal allenges lenges an and Op d Oppor ortuni tunities ties • Like many SIDs we are highly vulnerable to Climate Change and our Biodiversity is under threat • Because of our GDP per capita we do not qualify for concessional financing • We want to create a sustainable resource for our children • The international focus on ODA for Envir is unpredictable and may not last

Wha hat t is is th the e SI SIRF? F? • Will be created by Environment Management and Protection Bill • Definition: • A self-sustaining non-profit entity that earns revenue and attract funding for biodiversity and ecosystem stewardship in Antigua and Barbuda. • Based on international fiduciary standards • Independent Board • Low administrative cost: 10% or less

Th The e SI SIRF ’ s s Ar Arch chitect itecture ure • Cohesion: Simplifies all Environment stewardship financing under one financing mechanism • Policy coherence: One place for projects • The SIRF will have different Windows: • NGO • Adaptation • Protected Areas • Forestry • Mitigation • Ability for international partners to to be involved in oversight of their area of funding

How ow wi will th the e fun fund ear d earn n re revenues? venues? • Green Climate Fund; • Adaptation Fund; • Bilateral Sources • The Caribbean Biodiversity Fund; • Water er Le Levy (co-financ financing) ing); • Pr Proc oceeds eeds from om In Investm estment ent • So Soft t Lo Loans ns • Donation of technology • SIDS Dock • Su Sustainable ainable Use of Pr Protec otected ted Ar Areas as • Ma Main n area: a: Generating nerating Renewable newable Ener ergy gy • Over r $1 mil of fossi ssil l fuel for r every ry MW MW of elec elec • RE As Assets ets de delive iver r flows ows for r 20-30 0 yrs vs vs 4 y year r proje oject t cycle

Impl mplementing ementing th the e Co Conc ncept ept (What (W hat we we ar are e Do Doin ing g No Now) w) • Su Sustainable stainable Pathways Pathways Protected Protected Areas Areas and and Renewable enewable En Energy ergy (SPPARE (SPPARE Project) ject) • SIRF Fund Business Plan • Establish New Protected Area at Mount Obama National Park (Pilot self-sustaining use of PA)/Pilot Sustainable Use of Protected Areas • Establish the Forestry Window • NGO Window • Establish RE facility which sells energy to local utility • Fundraising strategy

Impl mplementing ementing th the e Co Conc ncept ept (W (What hat we we ar are e Do Doin ing g No Now) w) • Special ecial Cl Clima mate te Ch Change ge Fund Project ject • Adaptation: Eco and Non-Eco based infrastructure • Establish: Adaptation Window • Partnering with the private sector

Th Than ank k Yo You! u!!! !!!