The Papua New Guinea Biodiversity and Climate Fund (BCF), a newly established independent Conservation Trust Fund in Papua New Guinea, announces that it will begin operating in the country in the second half of 2022. The BCF is a national funding institution established to address the growing challenge of biodiversity loss and climate change in PNG. The BCF will be presented at the Asia Parks Congress in May 2022 and formally launched at the Convention on Biological Diversity COP-15 in 2022.
The BCF is an independent Conservation Trust Fund whose mission is to catalyze financial and technical resources to enable present and future generations of Papua New Guineans to restore, protect, and enhance the country’s biodiversity and build resilience in the face of climate change.
BCF’s goal is to raise financing from diverse sources and channel the resources via grants to communities, nongovernmental organizations, and other implementing organizations for purposes of conserving biodiversity and addressing climate change.
During a 3-5 year transitional period, the Fund will be incubated by UNDP while it builds operational experience, at which point it will transition to being a fully independent and self-sufficient legal entity.
Creation of the Fund enjoyed the support of two government agencies, Papua New Guinea’s Conservation and Environment Protection Authority (CEPA), and the Climate Change and Development Authority (CCDA), with financial support from Global Environment Facility via the United Nations Development Programme’s PNG country program (UNDP-PNG).
Please visit the PNG BCF website to learn more about the Fund, its structure, and its funding priorities.