Bhutan for life

  • Cross-cutting
  • Under implementation
Date approved
02 Oct 2017
Est. completion
05 Oct 2032
ESS Category
Category B
Financing
Public sector
Entity
World Wildlife Fund, Inc.

Overview

Securing Bhutan’s protected areas, comprising 51% of its territory, thus preventing deforestation and preserving resources.

Bhutan is committed to the bold goal of remaining carbon neutral, as re-stated in its NDC under the Paris Agreement. Much of Bhutan is managed under a network of Protected Areas (PAs), which are central to ensuring that at least 60% of the country remains under forest cover. However, many of these areas are coming under increasing pressure from a combination of economic development in surrounding areas, illegal extraction of resources, and the adverse impacts of weather-related events such as landslides, floods, and forest fires.

Bhutan for Life will support improved management of the country’s PAs, providing time and resources for the government to secure long-term revenues to maintain the improvements. Activities under the programme will increase forestry and land use climate mitigation, and support ecosystem-based adaptation to improve natural resource management and livelihoods, and enhance biodiversity.

The project has an estimated lifespan of 14 years.

Result areas

Project timeline

  • Pipeline

    423 days

    • Concept note received

    • Funding proposal received

    • Legal opinion on AE's Internal Approval

  • Approved

    369 days

    • Approved by GCF Board

    • Cleared by iTAP

    • FAA executed

  • Under implementation

    2,811 days so far

    • FAA effective

  • To be completed

    2,304 days to go

    Not started

  • Total project value $ 118 million

  • Tonnes of CO2 equivalent avoided 35.1 million

  • Total number of beneficiaries 145 thousand

Financing

GCF-financing

0.0%

USD

Co-financing

0.0%

USD

USD 118 million

Show details

GCF-financing

66% disbursed

  • Grant USD 26,557,354
  • Total GCF-financing USD 26,557,354

Co-financing

  • Grant USD 9,400,000
  • Grant USD 28,000,000
  • Grant USD 47,100,000
  • Grant USD 5,000,000
  • Grant USD 2,200,000
  • Total co-financing USD 91,700,000

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