About FINCAPES

PROJECT OVERVIEW

The FINCAPES (Flood Impacts, Carbon Pricing, and Ecosystem Sustainability) project, a joint effort by the University of Waterloo's Faculty of Mathematics and Faculty of Environment and funded by the Government of Canada, is aimed at aiding Indonesia in its climate change challenges. This gender-responsive, collaborative initiative spans 5.5 years, focusing on climate adaptation and mitigation, biodiversity conservation, and promoting social and economic sustainability.

Key Objectives:

• Adapting and mitigating the climate-induced FLOOD IMPACT: By developing risk analysis and modelling, FINCAPES seeks to improve flood resilience through targeted adaptation and mitigation strategies, enhancing the protection of both rural and urban communities against climate-induced flooding. This will also support the protection of economic assets by both government and businesses.
• Supporting and strengthening climate finance policy framework through CARBON PRICING: FINCAPES aims to advance Indonesia's climate finance policy, with a special emphasis on carbon financing mechanism. This includes establishing a research center to explore policy improvements in transportation, forestry, and industry sectors, facilitating Indonesia's shift towards a low-carbon economy.
• Supporting Indonesia’s effort for ECOSYSTEM SUSTAINABILITY: The project supports the acceleration of the application of Nature-based Solutions (NbS) for peatland and mangrove conservation and restoration, which are critical to Indonesia’s climate adaptation and mitigation efforts. A notable initiative includes collaborating with IPB University in establishing an NbS research center to innovate and apply effective NbS strategies, contributing to ecosystem restoration, carbon sequestration, and sustainable community livelihoods.

By addressing these three areas, FINCAPES aligns with Indonesia's aspirations for research, innovation, and sustainable development, working towards a climate-resilient future.

FINCAPES is part of Canada’s Indo-Pacific Strategy

In light of the pressing global challenge of climate change, FINCAPES's objectives resonate deeply with Canada's commitment to engaging Indo-Pacific partners in historic climate action and biodiversity conservation efforts. The Indo-Pacific, responsible for over half of the world's emissions and home to rapidly industrializing economies, plays a crucial role in our collective environmental future. Canada's strategy emphasizes collaborative progress towards net-zero emissions and sustainable economic growth, underpinning the need for inclusive solutions that encompass the Indo-Pacific's dynamic landscape.

FINCAPES stands as a pillar of Canada's broader strategy to combat climate change and environmental degradation through international collaboration. By focusing on shared goals such as reducing emissions, protecting biodiversity, and advancing clean energy transitions, FINCAPES not only addresses Indonesia's specific needs but also contributes to a collective vision for a sustainable and prosperous future in the Indo-Pacific.