Poverty, Reforestation, Energy and Climate Change Project (PROEZA)

  • Cross-cutting
  • Under implementation
Date approved
01 Mar 2018
Est. completion
19 Jun 2027
ESS Category
Category B
Financing
Public sector
Entity
Food and Agriculture Organization of the United Nations

Overview

Promoting forest planting and reforestation in Eastern Paraguay, sequestering carbon and supporting local households to diversity their agricultural production to enhance their resilience to the impacts of climate change.

Municipal districts in Eastern Paraguay are highly vulnerable to the impacts of climate change. In addition, certain municipal districts have extremely high climate and social vulnerability. Deforestation and forest degradation increases the vulnerability of populations dependent on family farming for agricultural production and livelihood. Environmental conditional cash transfers (E-CCT) will be provided in exchange for community-based climate-sensitive agroforestry. This will serve as a bridge until new farming models are financially sustainable. Credit will be made available to establish productive forest plantations for bioenergy, timber and silvo-pastoral production (combining forestry with livestock grazing). Capacity building will support good governance and law enforcement.

The project has an estimated lifespan of 30 years.

Result areas

Countries

Regions

Project timeline

  • Pipeline

    385 days

    • Funding proposal received

    • Cleared by iTAP

  • Approved

    691 days

    • Approved by GCF Board

    • Legal opinion on AE's Internal Approval

    • FAA executed

  • Under implementation

    2,339 days so far

    • FAA effective

  • To be completed

    369 days to go

    Not started

  • Total project value $ 90.3 million

  • Tonnes of CO2 equivalent avoided 7.9 million

  • Total number of beneficiaries 807 thousand

Financing

GCF-financing

0.0%

USD

Co-financing

0.0%

USD

USD 90.3 million

Show details

GCF-financing

100% disbursed

  • Grant USD 25,060,376
  • Total GCF-financing USD 25,060,376

Co-financing

  • Grant USD 15,864,787
  • Loan USD 49,332,332
  • Total co-financing USD 65,197,119

News and stories

Documents

Project contacts

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