SLS03 Forest Finance and Investment Incubator

At a Glance

Strategic Outcomes SO1 Reduced GHG emission, SO2 Creation of green jobs, SO5 Supply of ecosystem services ensured
Start Date Q4  2019
End Date q4 2023
Funding Source Earmarked
Actual Budget (USD) 0
Budget Percentage %
Actual Expenditure (USD)
Status Active
GGGI Share (USD)
Poverty and Gender Policy Markers poverty, gender
Name of Client (Lead/Prime implementer if GGGI is part of a consortium)
Participating Organization (Funding/donor) U.S. Department of State (“DOS”) Bureau of Oceans and International Environmental and Scientific Affairs
Name of consortium members, if any
GGGI Project Code : SLS03
Project Manager and Staff +
Solomon Zewdie Zeweldemariam

Senior Officer, Sustainable Landscapes Program Support

Gemedo Dalle

Country Representative, Ethiopia

Luis Miguel Aparicio

Lead Officer, Forest and Land Use Business Development at Global Green Growth Institute

Project overview

The Forest Finance & Investment Incubator (FFII) is a 3-year Cooperative Agreement between the U.S. Department of State (“DOS”) and Conservation International (“CI”) designed to generate concrete Finance and Investment Plans (FIPs) that advance developing country national or sub-national climate and land use strategies which: Support U.S. and developing country climate goals and outcomes; Result in downstream project pipelines that make use of in-country resources; and Garner funding commitments for necessary project plans to achieve climate goals related to sustainable landscapes.

FFII Ethiopia is part of the FFII global program which will implement 5 Action Plans and associated FIPs, which by 2030 could potentially unlock billions of dollars of climate finance and secure the emissions of more than ~250M tCO2e. Within the lifetime of the project, the Team will incubate a project pipeline of at least $100M worth of “bankable” sustainable landuse investment projects and facilitate the deployment of $25M of combined private sector funding in 5 countries (including Ethiopia) generating more than 300 jobs. In doing so, we will also train at least 100 people within 25 public and private sector institutions.

The FFII encompasses three (3) distinct but interrelated and overlapping stages (particularly Stage 2 & 3). Stage 1 aimed at identification of gaps in Green Growth Policies that constrain investment. Stage 1 was completed with a country case study which has been prepared between December 2019 and September 2020 and evaluated the implementation and investment readiness of climate, forest and land use strategies and plans that reduce greenhouse gas emissions in Ethiopia. Stage 2 aims at designing investment plans for national and sub-national climate strategies. Key outputs of Stage 2 include the creation & implementation of development of the Action Plans (AP) and Finance and Investment Plans (FIP) and is expected to be concluded in December 2021. While Stage 3 plans to secure Financial Commitments and Funding and is expected to be finalized in June 2022.