22 nd June, 2016 Gary Gore (Interim Chairman) Presented at Organization of American States Sustainable Cities Workshop, June 21-24

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1 22 nd June, 2016 Gary Gore (Interim Chairman) Presented at Organization of American States Sustainable Cities Workshop, June 21-24

2

3 Outline of Presentation 1- Historical Context of the Marine Ecosystem Protected Area Trust Inc (MEPA Trust) 2- Overview of the MEPA Trust 3- MEPA Trust Governance 4- Aims and Objectives of the Trust & community involvement 5- MEPA Trust Accomplishments to date 6- Call for Project Proposals 7- Conclusion 8- Thank You

4 Historical Context of the Marine Ecosystem Protected Area Trust Inc. Governments of the region increasingly aware of economic values of marine / coastal resources, and their sharp decline

5 Governments of the region increasingly aware of economic values of marine / coastal resources, and their sharp decline Came together in 2008 to find a solution

6 Caribbean Challenge Initiative CCI Was Born

7 Governments of the region increasingly aware of economic values of marine / coastal resources, and their sharp decline Came together in 2008 to find a solution Out of this Initiative, senior government officials made two commitments

8 Governments of the region increasingly aware of economic values of marine / coastal resources, and their sharp decline Came together in 2008 to find a solution Out of this Initiative, senior government officials made two commitments 1-20 by 20 target. To effectively conserve at least 20% of their near-shore marine / coastal environment by year 2020

9 Governments of the region increasingly aware of economic values of marine / coastal resources, and their sharp decline Came together in 2008 to find a solution Out of this Initiative, senior government officials made two commitments 20 by 20 target. To effectively conserve at least 20% of their near-shore marine / coastal environment by year To support and put in place a new sustainable finance architecture that will generate long-term funding for the marine and coastal environment in the form of trust funds and sustainable finance mechanism, such as tourism user fees

10 Proceeding Caribbean Challenge Initiative in 2008, The World Bank through The Nature Conservancy (TNC) the Implementing Agency, implemented a five year project on August 4 th, Ending December 31 st, 2016

11 Sustainable Financing & Management of Eastern Caribbean Marine Ecosystem Project was born Under the Sustainable Financing & Management of Eastern Caribbean Marine Ecosystem Project The Nature Conservancy and project partners came together and set up the Caribbean Biodiversity Fund (CBF) The CBF s initial capitalization was US$32 million

12 CBF Purpose Regional endowment fund whose objective is to provide a sustainable flow of funds to support activities that contribute substantially to the conservation, protection and maintenance of biodiversity within the national protected areas systems or any other areas of environmental significance of its participating countries.

13 CBF Financing: Endowment Contribution for Antigua/Barbuda(US$) CBF Participating Geographies KfW TNC GEF (WB/UNDP) Endowment Antigua/Barbuda 2,559, ,000 1,440,000 4,299,174 Bahamas DR Grenada Jamaica St. Kitts & Nevis St. Lucia St. Vincent & Gren

14 Bases on Antigua & Barbuda s endowment of US$4.3M with the CBF

15 Bases on Antigua & Barbuda s endowment of US$4.3M with the CBF The proceeds generated by investing these funds (approximately $175,000 based on a return of 4.5% at current market rates) will be channelled to the MEPA Trust for project funding

16 Bases on Antigua & Barbuda s endowment of US$4.3M with the CBF The proceeds generated by investing these funds (approximately $175,000 based on a return of 4.5% at current market rate) will be channelled to the MEPA Trust for project funding The MEPA Trust will be required to match CBF s funding as of year three

17 Bases on Antigua & Barbuda s endowment of US$4.3M with the CBF The proceeds generated by investing these funds (approximately $175,000 based on a return of 4.5% at current market rate) will be channelled to the MEPA Trust for project funding The MEPA Trust will be required to match CBF s funding as of year three The MEPA Trust matching funds will come from the Sustainable Island Resources Framework Fund (SIRF Fund)

18 MEPA Trust Overview

19 The Marine Ecosystems Protected Area Trust Fund (MEPA Trust) is a National Protected Area Trust Fund (NPATF)

20 The Marine Ecosystems Protected Area Trust Fund (MEPA Trust) is a National Protected Area Trust Fund (NPATF) The MEPA Trust articles are consistent with the requirements of the Sustainable Financing & Management of Eastern Caribbean Marine Ecosystem Project

21 The Marine Ecosystems Protected Area Trust Fund (MEPA Trust) is a National Protected Area Trust Fund (NPATF) The MEPA Trust articles are consistent with the requirements of the Sustainable Financing & Management of Eastern Caribbean Marine Ecosystem Project The Trust is guided by laws, articles, operational manual and policies

22 Under the The Marine Ecosystems Protected Area Trust Fund (MEPA Trust) is a National Protected Area Trust Fund (NPATF) The MEPA Trust articles are consistent with the requirements of the Sustainable Financing & Management of Eastern Caribbean Marine Ecosystem Project The Trust is guided by laws, articles, operational manual and policies The MEPA Trust was duly registered on the 22 nd May, 2015 under the Companies Act of Antigua and Barbuda 1995, as a NOT FOR PROFIT COMPANY

23 MEPA Trust Governance

24 The Trust is govern by a board of directors consisting of eleven members

25 The Trust is govern by a board of directors consisting of eleven members Six Non Governmental (NGOs) and five Governmental

26 The Trust is govern by a board of directors consisting of eleven members Six Non Governmental Organizations (NGOs) and five Governmental Both non governmental and governmental members represents a wide cross section of civil society, private sector and government

27 Board Composition Natalya Lawrence-Marine Environmentalist-Environmental Awareness Group (EAG) (NGO) Dr Evelyn Weekes- Aquaponics NGO Ms. Ruth Spencer- Ruth s Place (NGO/Private Sector) Mr. Gary Gore- Business and Fishing (Compliance) (NGO) Representative of TNC (NGO) Ms. Christine Young-Environmental -Galley Bay Hotel (Private sector) Representative of the Environment Division (Gov) Ms. Cordella Weston- Budget and Finance-Ministry of Finance (Gov) Ms.Tricia Lovel, Fisheries Division (Gov) Mr. Ogen Burton-Codrington Lagoon Management-Barbuda (Gov) Senator Maureen-Hyman Payne, Lawyer-Legal Affairs (Gov)

28 The Trust is govern by a board of directors consisting of eleven members Six Non Governmental Organizations (NGOs) and five Governmental Both non governmental and governmental members represents a wide cross section of civil society, private sector and government Both Chair and Deputy Chair are NGOs

29 The Trust is govern by a board of directors consisting of eleven members Six Non Governmental Organizations (NGOs) and five Governmental Both non governmental and governmental members represents a wide cross section of civil society, private sector and government Both Chair and Deputy Chair are NGOs A quorum consist of six members with NGOs maintaining the majority at all times

30 The Trust is govern by a board of directors consisting of eleven members Six Non Governmental Organizations (NGOs) and five Governmental Both non governmental and governmental members represents a wide cross section of civil society, private sector and government Both Chair and Deputy Chair are NGOs A quorum consist of six members with NGOs maintaining the majority at all times The Trust is guided by laws, articles, operational manual and policies

31 Aims and Objectives To provide a sustainable flow of funds which will enable the Trust to support the long term management and expansion of Antigua and Barbuda's areas of land and/or sea which are specifically dedicated to the protection and maintenance of biological diversity and natural resources and other activities that contribute substantially to the conservation, protection and maintenance of biodiversity as identified after consultation with stakeholders

32 Consistent with our Aims and Objectives The MEPA Trust will have stakeholders (fishers, farmers, users of the sea, etc.) and community involvement in all approved projects funded by the Trust

33 MEPA Trust Accomplishments to date The Trust is in the final stage of receiving approval from CBF for pre-financing (approval expected in days)

34 MEPA Trust Accomplishments to date The Trust is in the final stage of receiving approval from CBF for pre-financing (approval expected in days) The Trust has started the negotiation of the partnership agreement with CBF (approval is expected within 90 days)

35 MEPA Trust Accomplishments to date The Trust is in the final stage of receiving approval from CBF for pre-financing (approval expected in days) The Trust has started the negotiation of the partnership agreement with CBF (approval is expected within 90 days) The Trust is in the contract signing stage with the Secretariat of the Convention on Biological Diversity (SCDB) a Japan Biodiversity Fund Pilot Project. Eleven months US$180, project.

36 MEPA Trust Accomplishments to date The Trust is in the final stage of receiving approval from CBF for pre-financing (approval expected in days) The Trust has started the negotiation of the partnership agreement with CBF (approval is expected within 90 days) The Trust is in the contract signing stage with the Secretariat of the Convention on Biological Diversity (SCDB) a Japan Biodiversity Fund Pilot Project. Eleven months US$180, project. Entitled Biodiversity is our Business

37 MEPA Trust Accomplishments to date The Trust is in the final stage of receiving approval from CBF for pre-financing (approval expected in days) The Trust has started the negotiation of the partnership agreement with CBF (approval is expected within 90 days) The Trust is in the contract signing stage with the Secretariat of the Convention on Biological Diversity (SCDB) a Japan Biodiversity Fund Pilot Project. Eleven months US$180, project. Entitled Biodiversity is our Business An Ecosystem Evaluation Project

38 MEPA Trust Accomplishments to date The Trust is in the final stage of receiving approval from CBF for pre-financing (approval expected in days) The Trust has started the negotiation of the partnership agreement with CBF (approval is expected within 90 days) The Trust is in the contract signing stage with the Secretariat of the Convention on Biological Diversity (SCDB) a Japan Biodiversity Fund Pilot Project. Eleven months duration, US$180, value Entitled Biodiversity is our Business An Ecosystem Evaluation Project The MEPA Trust will partner with the Environmental Awareness Group (EAG) and the Precision Centre on this Project

39 MEPA Trust receives training in MPA management and Marine Spatial Planning at Workshop in Puerto Rico

40 MEPA Trust receives training in MPA management systems at Fishers Exchange in Belize

41 MEPA receives training in Drones for Conservation Unmanned Aircraft System

42 Call for Project Proposals Requests for Grant Proposals shall be published on our official designated MEPA Trust website and where possible shall be distributed to each of the Donors for broader dissemination. The period for project calls will last for three months

43 Call for Project Proposals Requests for Grant Proposals shall be published on our official designated MEPA Trust website and where possible shall be distributed to each of the Donors for broader dissemination. The period for project calls will last for three months Grants awarded by the Trust shall be no less than US$25,000 and no greater than US$350,000 [for any individual project per grant year].

44 Call for Project Proposals Requests for Grant Proposals shall be published on our official designated MEPA Trust website and where possible shall be distributed to each of the Donors for broader dissemination. The period for project calls will last for three months Grants awarded by the Trust shall be no less than US$25,000 and no greater than US$350,000 [for any individual project per grant year] Grants awarded by the Trust shall have a maximum duration of [two (2) years]

45 Call for Project Proposals The Secretariat shall aim to complete the review process with respect to all Grant Proposals no later than [three (3) months] following receipt of each Grant Proposal Both governmental and non-governmental projects may be funded by the Trust

46 Conclusion Marine protected areas (MPAs) have proliferated globally in the past three decades. However, inadequate funding often prevents these management regimes from fulfilling their missions. It is the mandate of the MEPA Trust to significantly reduce these inadequacies in Antigua and Barbuda by developing strong synergies with our local and international partners

47 Thank You!!

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