Review of GEF Engagement with the Private Sector. Final Report

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Climate Change 280. GEF should review its renewable energy policy and not approve new PV projects without very convincing evidence that the past obstacles to success are likely to be absent or can be overcome. Biodiversity 281. GEF should not finance new projects aimed at certification of coffee or cacao or other commodities unless the certification system meets acceptable minimum biodiversity criteria, or unless GEF could decisively influence the establishment of and the adherence to such criteria. GEF should continue to study carefully the evolution of the markets in order to determine its possible roles in relation to the various actors. 282. GEF should continue to look for additional opportunities to support systems of payments to landowners as an approach to biodiversity conservation in countries where forests with high biodiversity values are privately owned. In any such project GEF should focus on long-term protection of biodiversity by emphasizing the need for easement contracts or conservation approaches of longer duration. 283. Prior to approval of a private sector ecotourism project, a critical minimum level of government efforts for protection should be agreed on. 284. GEF should continue to support work on reforming legal and policy frameworks for private land conservation in Latin America.

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