Criteria and Guidelines:
1. Projects that create habitat that sequester carbon while also serving biodiversity conservation. Planting of native forest trees, mangroves, and wetland restoration projects qualify. Tree-planting programs that use trees showing allelopathic effects (such as Eucalyptus or Blighia sapida) or that have negative effects on understory or epiphytic organisms (such as non-native species of pines), would not qualify for funding under this program.
2. Projects that have a high potential to positively impact the preservation of habitat under imminent threat of destruction. These are projects that will carry out concrete actions aimed at preventing the imminent destruction of forest or mangrove habitat, such as advocacy and awareness campaigns, working with decision makers and developers, and other interventions.
3. Projects that support the conservation of native organisms while providing opportunities for “social innovation.” Projects should support the public good and produce benefits to the wider society/communities (e.g., sustainable livelihoods arising from conservation actions) rather than to specific private individuals. Projects which benefit private commercial purposes (e.g., purchasing or offering for sale personal products or services) would not be eligible.
4. Measurable/Quantifiable impact. Projects which demonstrate that they will have a measurable impact (e.g., number of trees planted or number of hectares saved from destruction) should be selected over those whose impact cannot be measured.
5. Project that support both climate change mitigation* and adaptation** effects simultaneously will be favored, for example the planting of mangroves is both.
6. The local organization selected to receive the project funding should already have a track record of positive results related to similar projects. Well-designed, ongoing projects will be prioritized above projects that are in an “idea phase” or that would need to be developed to fulfill this offset requirement.
*Climate change mitigation consists of actions to limit the magnitude or rate of long-term climate change, such as reducing emissions of greenhouse gases and increasing the capacity of carbon sinks, e.g., through reforestation.
**Climate change adaptation involves taking practical actions to manage risks from climate impacts, protect communities and strengthen the resilience of the economy.