Footprints4ourFuture: A Crowdfunding Campaign for Sustainable Reforestation and Job Creation in Costa Rica
Summary
In Costa Rica, the "Footprints4ourFuture" (Huella del Futuro) crowdfunding campaign was launched by BIOFIN and spearheaded by the Vice-President, raised 1.7 million US dollars to reduce unemployment exacerbated by COVID-19, while restoring ecosystems and reforesting vulnerable public-owned lands. With the approval of the first incubation program in Costa Rica for sustainable tourism in indigenous areas, "Raíces" by the Sustainable Development Bank's Governing Council, in total US$ 577.5K mobilized; including US$ 168.5K for the 2022 edition of Raíces, US$ 345K for the CRE-C Program, and US$ 64K for the portfolio of sustainable tourism in Biological Corridors. The program is seeking to mobilize funding through planting and/or restoration of 200,000 trees and 5 years of their maintenance, monitor its implementation, systematize learning and institutionalize the financial mechanism.
Clasificaciones
Region
Scale of implementation
Ecosystem
Theme
Species Conservation and One Health Interventions
One Health
Urban and Disaster Risk Management
Challenges
Sustainable development goals
Business engagement approach
Impacts
The Huella del Futuro #Footprint4ourFuture program seeks to mobilize resources so that groups, organizations, and individuals can continue their work and increase their impact. Program is aiming to promote:
- Carbon capture
- Protections for water resources
- Biodiversity conservation
- Enhancement of scenic beauty
- Food supply
- Job generation and entrepreneurial opportunities
- Approximately 157 direct jobs during the first 5 years
To date, there have been several positive impacts demonstrated:
- Mobilization of US$1.7 million for reforestation and ecosystem restoration projects in Northern Costa Rica
- Successful implementation of the Footprints4ourFuture initiative, achieving 94% of its initial target
- Creation of green jobs and reduction of unemployment exacerbated by the COVID-19 pandemic
- Support for women in charge of reforestation efforts at the community level, benefiting 139 women and 121 men from vulnerable rural communities in Northern Costa Rica
- Approval of the "Raíces" (Roots) program, the first incubation program for sustainable tourism in indigenous areas in Costa Rica
- Mobilization of US$577.5K for various sustainability initiatives, including Raíces and the CRE-C Program
- Introduction of protected area fees that could generate over US$3 million in new revenue, fully earmarked to the country's protected area agency (SINAC)
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