Securing Sustainable Financing for Conservation Areas : A Guide to Project Finance for Permanence

In the face of the twin crises of biodiversity loss and climate change, governments and their partners in communities and civil society have increased their efforts to protect and enhance sustainable use of nature. These efforts have been identified as strategic to fulfill the anticipated global goal to protect 30 percent of the planet by 2030. Reaching this goal will require more - and more effectively managed - protected areas and other effective area-based conservation measures, but current funding is not enough to cover existing needs or to increase the areas under protection. Project finance for permanence (PFP) is an approach designed to secure the policies, capacity, institutional arrangements and full funding for the effective and long-lasting protection of the planet’s important natural places. It is being applied in Bhutan, Brazil, Canada, Costa Rica, and Peru, being designed in Colombia, and there is increased interest in applying the PFP approach in other countries. This guide seeks to describe the PFP approach and capture the experience from practitioners and lessons learned to date. It is intended to be a reference for people from public or private organizations who want to implement a PFP.

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