Chile REDD-plus results-based payments for results period 2014-2016

  • Mitigation
  • Under implementation
Date approved
14 Nov 2019
Est. completion
07 Aug 2026
ESS Category
Category B
Financing
Public sector
Entity
Food and Agriculture Organization of the United Nations

Overview

Recognising Chile’s REDD+ results for the years 2014, 2015 and 2016.

During these years, Chile has reduced a total volume of 18.4 million tonnes of carbon dioxide equivalent (MtCO₂eq) in emissions from reducing deforestation, forest degradation, enhancement of forest stocks and conservation (REDD+) of which 14.53 MtCO₂eq were offered to GCF for results-based payments. The United Nations Framework Convention on Climate Change (UNFCCC) has assessed these results as being fully compliant with its REDD+ stipulations. The payment will be reinvested to deepen the implementation of the country’s National Strategy on Climate Change and Vegetation Resources.

Result areas

Countries

Regions

Project timeline

  • Pipeline

    244 days

    • Concept note received

    • Funding proposal received

    • Cleared by GCF Secretariat

    • Legal opinion on AE's Internal Approval

    • Cleared by iTAP

  • Approved

    268 days

    • Approved by GCF Board

    • FAA executed

  • Under implementation

    2,139 days so far

    • FAA effective

  • To be completed

    53 days to go

    Not started

  • Total project value $ 63.6 million

  • Tonnes of CO2 equivalent avoided 12.4 million

Financing

GCF-financing

0.0%

USD

USD 63.6 million

Show details

GCF-financing

100% disbursed

  • Rbp USD 63,607,552
  • Total GCF-financing USD 63,607,552

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