Request for Proposal For Projects and Jurisdictional Programs Seeking Climate Finance for Nature-based Solutions

Climate Finance provides upfront investments for project implementation and carbon development costs in exchange for receiving future verified emission reductions. This also includes a long-term forward purchase of verified emission reductions from the Project or Program.

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Terra Global seeks to identify nature-based solutions (NBS) projects and jurisdictional programs that can be funded with private sector Climate Finance to reach long-term financial, social, and environmental sustainability.
Funding may be provided through upfront investments, long-term purchases of verified emission reductions, and removals from projects and programs that produce climate, social, and biodiversity benefits.
Terra Global will evaluate projects and programs that seek to receive Climate Finance to finance a collaboratively developed set of activities that can scale sustainable income streams for local communities and produce verified emission reductions and/or removals for reducing deforestation and degradation and increasing trees on the landscape.

RFP

Eligibility Criteria

This competitive proposal process is open to national and local governments, NGOs, private entities, civil society organizations, indigenous groups, cooperatives, and private landowners. Projects and programs must have a sufficient level of definition for the proposed change in practices from “business as usual” to apply for this RFP. The following eligibility criteria will be applied to the screening and selection process:

Geographies

Tropical or subtropical countries
Areas where forest areas are threatened (if seeking to reduce deforestation)
Non-forest areas that have biophysical conditions for planting
Countries that have participated in the Forest Carbon Partnership Facility (FCPF) REDD+ readiness process or UNREDD are preferred
For jurisdictional programs, the area is defined at the national level or first-level administrative boundary
Areas may include mangroves and peats

Project and Program Types

Terra Global seeks to identify and support projects and jurisdictional programs that include one or more of the following sets of activities.

REDD+ and Ecosystem Protection

Avoided unplanned deforestation and degradation (AUDD)
Logged to protected (LtP)
Reduced impact logging (RIL)
Avoided planned deforestation (APD)

Nature Restoration – Tree Planting and Restoration

These include but are not limited to:

Tree planting for agroforestry systems for food and cash crops

Tree planting for agroforestry systems for high-value crops
Tree planting for conservation
Establishment of woodlots
Assisted natural regeneration and/or woodland management
Peatland rewetting
Mangrove restoration

Other Nature-based Project Types

These include but are not limited to:

Adoption of improved agricultural practices that are of sufficient scale and beyond common practice, i.e. Rice production, rangeland management, cropping systems, etc.
Rural energy and other wood-saving devices
Biochar for soil augmentation

Level of Readiness

To be considered, projects must have the following minimum readiness requirements:

Proposed project or program area is defined, and maps and boundary files can be provided.
Land tenure of the area is defined and secured, or it can be demonstrated how it would be secured as part of the activities (land tenure holders must be directly engaged in the project or program).
Baseline conditions such as 1) current land use, 2) level of historical deforestation/degradation including an understanding of drivers, agents, and underlying causes known, and 3) if non-forest conditions must be known with estimated year last forested.
A high-level set of proposed activities that demonstrates the practices and changes to produce emission reductions and/ or removals.

Communities in/near area are known, and initial engagement of communities is conducted.
If legal harvesting or conversion, supporting documents are required.
If the reforestation is in a commercial plantation, it must be mixed species, apply FSC (or equivalent), and have at least 10% of non-commercial areas for conservation purposes.
On-the-ground implementing entity(ies) that will support the implementation of identified activities and have organizational capacity.
Budget estimates for the implementation of activities must be developed, even at a high level.

Project Size Guidelines

Project may be designed in phases where new areas that are in the same geography and seek to promote the same activities are added over time. Projects with carbon-rich forests (peat, mangroves) may have smaller sizes than those listed below.

In addition, projects and programs that combine different types of activity may support lower minimum sizes. Areas may be grouped if they have similar conditions and planned activities.

REDD+ and Ecosystem Protection

Avoided unplanned deforestation and degradation for areas that demonstrate threat (35,000 hectares)

Logged to protected for areas with legally sanctioned logging (50,000 hectares)
Reduced impact logging (50,000 hectares)
Avoided planned deforestation to agriculture (5,000 hectares)

Tree Planting and Restoration

All tree planting projects (minimum 3,000 hectares) and can demonstrate the ability to scale to at least 5,000 hectares over time.
Assisted natural regeneration and/or woodland management (20,000 hectares)
Peat rewetting and mangrove restoration (evaluated on a case-by-case basis)
Improved agricultural practices (evaluated on a case-by-case basis)

Other Nature-based Project Types

The minimum sizes for these projects will be looked at on a case-by-case basis, with a general rule that agricultural projects would need to scale to 50,000 to 100,000 hectares over time.

RFP

Application Process

Proposals must be submitted through the link below, including all support information and documents. Only complete applications will be reviewed and screened.

After submitting the application, Terra Global will notify you that either:

Your application has passed the completeness and initial eligibility check or;
It has yet to pass the screening within two weeks of submission

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RFP

Post-Selection Activities Supported

For projects and programs selected under this RFP, Terra Global will work with the project owners to develop a Carbon Eligibility Assessment under Phase 2 of the investment process, which seeks to make the business case for using Climate Finance.

Applicants selected under this RFP will:

Review the type of finance that Terra Global can provide and confirm interest in applying for a Climate Finance investment from Terra Global.
Work with Terra Global to support the Carbon Eligibility Assessment for Climate Finance. Please provide the required documents and data on the project, Communities, and their conditions.
Respond to questions and provide supporting documents to Terra Global such that Terra Global can determine whether the project or program meets Terra Global’s Eligibility requirements (Phase I) and can move into Phase II Investment Readiness of Terra Global’s project review process.
Once the Project has successfully completed Phase I, Terra Global may provide a Climate Finance Investment Letter of Intent at its sole discretion.

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RFP

Ineligible Project and Program

The following are ineligible for Climate Finance:

Projects which require financing of land purchase costs (unless carbon revenue is used to repay a loan)
Projects and programs where the land tenure holders are not directly engaged in the Climate Finance transaction.
Plantations or other monoculture systems
Lands where tenure is not (or cannot be) formally recognized.
Large commercial-scale agribusinesses (for improved agricultural practice projects)
Projects that are too small and do not justify at least a $1 million upfront investment.
Countries sanctioned by the U.S. government, EU, UK, UN, or other regional agencies.

Resources

Resource Hub

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Request for Proposal For Projects and Jurisdictional Programs Seeking Climate Finance for Nature-based Solutions

Eligibility Criteria

Geographies

Project and Program Types

REDD+ and Ecosystem Protection

Nature Restoration – Tree Planting and Restoration

Other Nature-based Project Types

Level of Readiness

Project Size Guidelines

REDD+ and Ecosystem Protection

Tree Planting and Restoration

Other Nature-based Project Types

Application Process

Post-Selection Activities Supported

Ineligible Project and Program

Resource Hub

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