Advancing Circular Economy (ACE) Facility
The Caribbean Biodiversity Fund awards grants through its Advancing Circular Economy (ACE) Facility for projects that apply practical circular economy principles to prevent solid waste from entering the marine environment or removing marine litter.
Project Eligibility
- Alignment with the circular economy principles, focusing on marine waste prevention, minimization, and removal. Projects that include upstream solutions and a sustainable sound management process after waste removal will be of particular interest to the ACE Facility Committee (processes such as reuse, recycling, proper disposal of waste, repurposing, etc.).
- Should be based on a robust theory of change.
- The project design should reflect the theory of change in a logical framework.
- Incorporate baseline information and relevant studies, especially related to the proposed project location.
- Utilize the best available scientific knowledge and consider traditional knowledge where applicable.
- Clearly describe the tangible benefits for marine and coastal ecosystems and biodiversity via the implementation of the circular economy approach.
- Align projects with national policies and strategies (e.g. biodiversity plans, waste management strategies, circular economy policies)
- Include disaggregated gender data and analyze gender perspectives in project design.
- Address the impact on vulnerable groups (e.g. waste pickers, informal sector workers).
- Clearly outline plans for financially sustaining project interventions beyond the grant funding period.
- Ensure interventions align with international legally binding instruments on plastic pollution.
- Co-financing should complement the selected entities’ project proposals.
- Articulate a monitoring, evaluation, and learning (MEL) framework aligned with ACE Facility objectives and indicators.
- Demonstrate adherence to the CBF’s Environmental and Social Management System (ESMS) during project execution.
- High-impact projects. Projects that effectively implement circular economy interventions that address environmental, economic, and social challenges and significantly contribute to the achievement of the ACE Facility targets.