- Network that brings together 25 environmental funds in Latin America and the Caribbean turns 20 years old.
- Designation was finalized during the 21st RedLAC Congress, which came to a close this Thursday in Merida, Yucatan (Mexico).
Merida, Yucatan. November 1st, 2019. For the first time in history, Costa Rica has assumed the presidency of the Latinamerica and Caribbean Network of Environmental Funds (RedLAC for its name in Spanish). The designation was received by Zdenka Piskulich, Executive Director of the Forever Costa Rica Association, which will hold this position for four years.
Together, the 25 member funds manage US$ 1,130 million for nature conservation and have already invested $1.4 billion over the past 20 years.
“This network helps its members develop skills, exchange experiences and work within the green and blue economies in their quest to improve conservation financing,” Piskulich said.
Piskulich added that “this designation is a very important opportunity for Costa Rica to continue to be a leader in conservation and promote environmental funds as key players in meeting international agendas on climate change, biodiversity, and the sustainable development goals.”
RedLAC is a community of environmental funds that strengthens the capacity of its members to serve as effective administrators and leaders in innovative financial mechanisms for conservation and sustainable development.
Together, RedLAC members manage $553 million in endowments and $576 million in sinking funds. Since the creation of this platform, they have supported 642 land protected areas (equivalent to 74 million hectares), and 144 marine protected areas (equivalent to 52 million hectares). In addition, the network’s work allows for the conservation of:
- 50% of the world’s tropical forests
- 41% of all mammals
- 33% of all reptile species
- 50% of all birds
RedLAC’s environmental funds are leaders in the development of financial mechanisms that generate measurable impacts for conservation and sustainable development on a local, regional, and global scale.
In the case of Costa Rica, there are two member organizations within the network: FONAFIFO and the Forever Costa Rica Association, the latter of which was selected to hold the presidency thanks to its track record of promoting innovative solutions for conservation financing in the country.
Previous to this, the Presidency of RedLAC was held by the Natura Foundation from Panama for a period of four years.