In 2024, YKAN is starting the KORALESTARI Program “Sustaining Indonesia’s Coral Reefs through Bankable Conservation and Restoration Initiatives” funded by Global Funds for Coral Reef (GFCR). The program aims to address the decline of coral reef health in Indonesia due to unsustainable fishing and aquaculture, uncontrolled coastal development, land and marine pollution, climate change impacts, and invasive species. The program operates between 2023 and 2029 in three priority areas: Berau in East Kalimantan, Savu Sea in East Nusa Tenggara, and Natuna Sea, Riau Islands. In the first 18 months, YKAN is implementing the Inception Phase of the program. The key aim for this phase is to conduct policy, research, and preparation work to start implementing the financial mechanisms and technical assistance activities by the end of the inception phase.

YKAN is seeking a qualified consultant to conduct a feasibility study to identify the readiness, partners, and locations for the reef financing mechanism in Berau Regency, East Kalimantan Province. The consultant is expected to provide their services with a contract period from 21 October 2024 to 28 February 2025. The Consultant will report and coordinate with YKAN’s Coastal Resilience Specialist to complete the tasks.

The assignment includes main objectives, namely:

1.      To identify, analyze and prioritize potential innovative reef financing mechanisms that can be applied in Berau Regency.

2.      To identify and assess potential partners for such a mechanism.

3.      To identify suitable pilot locations in Berau Regency.

4.      To develop a roadmap for implementing the recommended innovative reef financing mechanism in Berau Regency.