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Indicator ENV2.6.2
Amount deposited in the Environmental Trust Fund
This table provides metadata for the actual indicator available from Vanuatu statistics closest to the corresponding global SDG indicator. Please note that even when the global SDG indicator is fully available from Vanuatuan statistics, this table should be consulted for information on national methodology and other Vanuatu-specific metadata information.
Definition
Independent legal entity and investment collection and allocation of financial resources for environmental purposes
Independent legal entity and investment to help mobilizing, blending, and overseeing the collection and allocation of financial resources for environmental purposes. It is a countrydriven solution that facilitates strategic focus, rigorous project management, solid monitoring and evaluation, and high levels of transparency and accountability. The term encompasses conservation trust funds, wildlife trusts, climate and forest funds, and other funds established to deliver environmental, social and economic benefits.
Concept
National environment trust funds are independent grant – making institutions mobilised to managing financial resources for environmental purposes, such as biodiversity, conservation, protection of wild life, forests, climate change, adaptation and mitigation and other environmental issues.
This environmental trust funds can be used to mobilise resources from donor partners, national governments, private sectors by providing assurance (root of the word trust) about the effective allocation of resources. A well-capitalized Environment trust fund can improve the effectiveness of environment projects and facilitate the alignment of strategies among stakeholders and reduce transactional cost for donors, government entitlements and implementing agencies.
Rationale
Increase in new initiatives for environmental activities
More funds coming into the country through funding agencies targeting climate change, conservation of wild life etc,…
