The project objective is to contribute to the mainstreaming of natural capital into policy and investment decision-making processes through the development of a standardized framework, customizable tools, and scalable training material for rapid Natural Capital Assessment and Accounting (NCAA). The specific objectives are: (i) contribute to the mainstreaming of natural capital in ten countries through the implementation of rapid approaches for Natural Capital Assessment and Accounting (NCAA) in science-policy processes to inform public policy and investment decisions; and (ii) based on country-specific experiences, provide the Global Environment Facility (GEF) Partnership with a standardized framework, customizable tools, and training curricula for rapid NCAA approaches designed to support the integration of natural capital into policy and investment decision-making processes. In achieving these objectives, the project supports countries enacting the post-2020 Global Biodiversity Framework of the Convention on Biological Diversity (CBD).

Project Details

GEF Project ID
11041
Country
Global
Implementing Agencies
Inter-American Development Bank
Approval FY
2023
Status
Project Approved
Region
Global
Executing Agencies
Natural Capital Project, Stanford University
GEF Period
GEF - 7
Project Type
Medium-size Project
Focal Areas
Funding Source
GEF Trust Fund

Financials

USD
Co-financing Total
87,800,000
GEF Project Grant
1,980,000
GEF Agency Fees
188,000

Timeline

Received by GEF
12 Jun 2022
Concept Approved
16 Jun 2022
Project Approved for Implementation
08 Jun 2023