28/08/2015
FMCN awarded for its continuous work in conservation
The BBVA Foundation awarded a prize to the work of the Mexican Nature Conservation Fund (FMCN) in the conservation of biodiversity in Latin America. On this occasion, RedLAC, on behalf of all its members, congratulates the FMCN, which gained international recognition thanks to its innovative mechanism of the Monarch Fund, in which it has been working in alliance with government actors, communities and other NGOs for more than 15 years, seeking to promote the conservation and protection of the forests in the core zone of the Monarch Butterfly Biosphere Reserve.
FMCN worked with the federal environmental authority and the states of Mexico and Michoacán to establish an endowment fund called the Monarch Fund, aimed at conserving the Monarch Butterfly Biosphere Reserve. When the field implementation work began, work began with the communities, WWF, and Mexico's National Commission of Natural Protected Areas (CONANP), which now administers the area, and which has been highlighted as a priority not only for butterfly conservation, but for the water-based ecosystem services it provides. What the juries of the BBVA Foundation awards highlighted most was the innovative nature of the financial mechanism proposed by the FMCN and its allies, since through its multipurpose approach it contributes decisively to preserving the ecosystem, allowing work to be carried out in a coordinated and effective manner with different sectors such as local communities, government agencies and other conservation organizations.
It is this multipurpose and innovative approach that has allowed the Monarch Fund to become a sustainable mechanism, insofar as it has different perspectives of action such as the Payment for Environmental Services schemes, which it has channelled since its creation in 2000, over 3 million dollars. On the other hand, through an integrated crowfunding work that included the United States government, the Mexican government, communities of the Monarch region, among many other actors, it was possible to carry out the production of the IMAX 3D film "The Flight of the Monarchs" in 2012, which was one of the cases systematized and disseminated as a replicable experience through the RedLAC Capacity Development Project.
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