Ecuador REDD-plus RBP for results period 2014

  • Mitigation
  • Under implementation
Date approved
08 Jul 2019
Completion date
26 Feb 2026
ESS Category
Category B
Financing
Public sector
Entity
United Nations Development Programme

Overview

Acknowledging Ecuador’s REDD+ 2014 results - a total volume of 4,831,679 tonnes of carbon dioxide equivalent (tCO2eq) in emissions reductions - for GCF results-based payments (RBP)

These results have been reported to the United Nations Framework on Climate Change Convention (UNFCCC) and have undergone technical assessment. They are now fully UNFCCC compliant. Ecuador will use the results-based payments to invest in additional activities that support the implementation of their national REDD+ action plan. This includes developing policies and institutional management for REDD+; transitioning to sustainable agricultural production systems; sustainable forest management, conservation and restoration; and managing a national REDD+ action plan.

Result areas

Countries

Regions

Project timeline

  • Pipeline

    385 days

    • Concept note received

    • Funding proposal received

    • Cleared by GCF Secretariat

    • Legal opinion on AE's Internal Approval

    • Cleared by iTAP

  • Approved

    234 days

    • Approved by GCF Board

    • FAA executed

  • Under implementation

    2,302 days so far

    • FAA effective

  • To be completed

    Not started

  • Total project value $ 18.6 million

  • Tonnes of CO2 equivalent avoided 3.6 million

Financing

GCF-financing

0.0%

USD

USD 18.6 million

Show details

GCF-financing

100% disbursed

  • Rbp USD 18,571,766
  • Total GCF-financing USD 18,571,766

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