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projectFP019

Priming Financial and Land-Use Planning Instruments to Reduce Emissions from Deforestation

15000000
TONNES of CO2 Anticipated tonnes of CO2 equivalent avoided

Impact

Mitigation
GCF results areas
  • Forests and land use
Gender benefits The project will facilitate women producer organizations’ access to incentives for sustainable agricultural production, and will promote greater participation and involvement of women in land-use planning. UN Sustainable Development Goal #15 Life on land

Location & People

Region
  • Latin America & Caribbean
Country
  • Ecuador EC

Investment Data

  • Financing:
    • Public
    • Private
  • Project size:
    • Micro
    • Small
    • Medium
    • Large
  • E&S Risk category:
    • Category A
    • Category B
    • Category C
Total project investment
GCF Financing
  • Instrument Grant USD
  • Years to pay 0  
  • Interest 0  
Co-Financing
  • Ministry of Environment of Ecuador Grant USD
  • Ministry of Agriculture of Ecuador Grant USD
  • UNDP and UNEP Grant USD
  • FAO Grant USD
  • UNDP Grant USD

Project owners

Accredited Entity Executing Entity
  • Ministry of Environment Ecuador
Priming Financial and Land-Use Planning Instruments to Reduce Emissions from Deforestation Approved October 2016 Duration 5.0 years
Reducing deforestation in Ecuador by investments to support sustainable agricultural production and conservation of forests.

The Reducing Emissions from Deforestation and forest Degradation (REDD) mechanism has been boosted by the Warsaw Framework on REDD+ under COP19. The decisions taken specified that countries would develop work programmes to address deforestation, and anticipated that applications for support in results-based financing could be made to the Green Climate Fund.

Deforestation levels in Ecuador amounted to 109,000 hectares per year between 2000 and 2009, with over 99% of deforested land being transformed into agricultural areas. Ecuador’s REDD+ Action Plan addressed the drivers of this deforestation, with the aim of achieving net zero deforestation by 2020.

GCF’s investment will co-finance the Action Plan. Targeted investment will control agricultural expansion into forest areas, whilst agricultural and livestock production practices will be implemented to reduce deforestation. Land-use zoning plans will be aligned with national climate change-related targets, and measures will be implemented to support restoration, conservation and sustainable production in vulnerable watersheds. The project will also ensure that financial instruments are aligned with the objectives of the action plan, by orienting public credit lines towards sustainable agricultural production practices, promoting tax incentives for REDD-supportive activities, and strengthening purchasing policies for deforestation-free commodities, their certification and traceability.
Document title Published date
Funding proposal 28 Sep 2016
FP019 ESS Report 21 Oct 2016
Accredited Entity
  • United Nations Development Programme (UNDP) Ms. Adriana Dinu Tel: +1 (212) 906-5143 Mr. Lucas Black Tel: +1 (212) 906-5842
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