REDD+ Results-based payments in Paraguay for the period 2015-2017

  • Mitigation
  • Under implementation
Date approved
14 Nov 2019
Est. completion
13 Nov 2026
ESS Category
Category B
Financing
Public sector
Entity
United Nations Environment Programme

Overview

Recognising Paraguay’s REDD+ results for the years 2015-2017.

During these years, Paraguay has reduced a total volume 23 million tonnes of carbon dioxide equivalent (tCO2eq) in emissions from reducing deforestation, forest degradation, enhancement of forest stocks and conservation (REDD+).  The United Nations Framework Convention on Climate Change (UNFCCC) has assessed these results as being fully compliant with its REDD+ stipulations. Paraguay will use the payment to invest in implementing its National Strategy for Forests and Sustainable Growth, which is aligned with its Nationally Determined Contribution (NDC).

Result areas

Countries

Regions

Project timeline

  • Pipeline

    157 days

    • Concept note received

    • Funding proposal received

    • Cleared by GCF Secretariat

    • Legal opinion on AE's Internal Approval

    • Cleared by iTAP

  • Approved

    366 days

    • Approved by GCF Board

    • FAA executed

  • Under implementation

    2,041 days so far

    • FAA effective

  • To be completed

    151 days to go

    Not started

  • Total project value $ 50 million

  • Tonnes of CO2 equivalent avoided 9.8 million

Financing

GCF-financing

0.0%

USD

USD 50 million

Show details

GCF-financing

100% disbursed

  • Rbp USD 50,000,000
  • Total GCF-financing USD 50,000,000

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