| Blue Carbon Accelerator Fund |
| Organization | Blue Natural Capital |
| Source of funding | Non-Government |
| Scheme | Blue Carbon Accelerator Fund |
| Type of funding | Grant |
| Funding Amount | 12000000 |
| Description | Readiness Support funding will be available to a maximum of AUD 240,000 per project. |
| Range of funding | Rs 50 lakh to Rs 2 crore |
| Target investees | startups |
| Note | The funds of the BCAF are allocated to projects via separate thematic calls for proposals and funding guidelines. Currently, the BCAF provides funds for:
a) Readiness Support that will help project developers with activities to get coastal blue carbon restoration projects ready for implementation and future private sector finance –growing the global portfolio of credible and investment-ready blue carbon projects.
b) Implementation Support for on-the-ground blue carbon ecosystem restoration or conservation projects that will demonstrate and measure climate, biodiversity and livelihood benefits – enhancing the business case for private sector investment in blue carbon ecosystems. |
| Purpose | The Blue Carbon Accelerator Fund (BCAF) was established by Australia and IUCN, International Union for Conservation of Nature and Natural Resources, as a dedicated funding scheme to support blue carbon restoration and conservation projects in developing countries and help pave the way for private sector finance. The BCAF contributes to addressing barriers to scaling-up and financing blue carbon restoration
by supporting the development and implementation of quality blue carbon projects including funding early-stage activities, facilitating capacity building through technical collaboration,
assisting with brokerage for future financing, and monitoring and valuing both carbon and noncarbon outcomes. |
| Focus area | Clean/Green/ Enviro/Energy Technology |
| Provides Funds For | A, C, D, |
| Scheme Type | Ongoing scheme |
| Recommended scheme | |
| Scheme status | Live scheme |
| More detail.. | Link |
