EC Commits EUR18 Million to Management of Biodiversity Hotspots
15 October 2012: The European Commission (EC) has announced an €18 million grant to the Critical Ecosystem Partnership Fund (CEPF) in support of the achievement of the Aichi Biodiversity Targets in developing countries and countries with economies in transition. The CEPF provides grants to civil society and private sector conservation and sustainable use activities in biodiversity hotspots - areas with high biodiversity value that are under threat.
The CEPF is a joint initiative of l'Agence Française de Développement, Conservation International, the European Commission, the Global Environment Facility (GEF), the Government of Japan, the MacArthur Foundation, and the World Bank. Announcing the EC grant, GEF cites examples in Dominican Republic, India, Lao PDR, Nicaragua, South Africa, Sri Lanka, Thailand and the Mediterranean Basin that illustrate the achievements that can be realized through the CEPF.
In providing funding to the CEPF, the EC intends to continue its support for sustainable growth and the green economy, linking ecosystems to livelihoods. [GEF Press Release]