Consultancy opportunity

© © Aaron Gekoski / WWF

Analysis of sustainable financing mechanisms for the Belize PFP initiative

WWF is developing a Project Finance for Permanence (PFP) initiative that aims to secure the long-term 
conservation of Belize’s marine and coastal protected areas and associated ecosystems. The PFP will seek 
to secure up-front commitments from all relevant stakeholders, rightsholders, and implementing partners 
which will ensure the technical, financial and other resources necessary to achieve long-term marine and 
coastal conservation goals for Belize.

The ultimate financial objective of any PFP is to ensure long-term financial sustainability of a country’s 
conservation priorities through: (a) initially covering the estimated financial gap during the agreed 
implementation period; and (b) ensuring sufficient recurrent in-country funding to cover needs beyond that 
period. To do so, the PFP approach combines two main funding sources: resources from international or 
national public and private donors, and recurrent resources of national origin (the public treasury, revenues 
from user fees, sustainable financing mechanisms, etc.). To enable the Government to commit to progressive 
increases in financing, PFP arrangements may include establishment of mechanisms to raise new recurring 
funding (e.g., from carbon taxes, levies on sustainable use, fees and permits, or other mechanisms), and 
actions that will optimize use of available resources. In all cases, the aim is to drastically reduce reliance on 
one-time donations to cover conservation area costs.

For example, in 2016, the Colombian government approved a tax reform law that includes the 
implementation of a carbon tax on fossil fuels. Of the revenue raised, 17% is to be allocated to Colombian 
protected areas, some of which will be used to support the Colombia PFP (HECO) initiative. Developing 
sustainable financing mechanisms is one of the greatest challenges PFP initiatives face. The development 
of such mechanisms is an opportunity to enhance benefits for communities, diversify funding sources, and 
reduce threats for conservation areas.
Read and download the job description and procedure to apply here: Download PDF