Implementation and monitoring
Contractual agreements with German enterprises RISTIC GmbH and ALNATURA have been achieved in 2015 resp. 2016 (50.000,00 US$ each). FUNDECODES, the Conservation Credit Unit (CCU) selling organization ASEPALECO and Costa Ricas National Protected Area Authority (SINAC) are responsible for the implementation of the restoration and conservation project and contractually agreed to 10 year objectives. FUNDECODES is reporting annually to the CCU buying company RISTIC GmbH. The whole process is monitored annually by Globale Conservation Standards (GCS).
- FUNDECODES has been supported by GIZ in developing a marketing strategy to sell CCU at national and international level
- GIZ provided coaching by demand to implement marketing and MRV to GCS, Ristic GmbH
After 3 years of taylor made technical and financial GIZ support to the whole process, nowadays FUNDECODES has achieved full owenership and responsibility to manage the process by itself.