Colombia REDD+ Results-based Payments for results period 2015-2016

  • Mitigation
  • Under implementation
Date approved
21 Aug 2020
Est. completion
21 Jul 2026
ESS Category
Category B
Financing
Public sector
Entity
Food and Agriculture Organization of the United Nations

Overview

This project recognises Colombia's REDD+ results for 2015-2016 where a total volume of 6.95 million tonnes of carbon dioxide equivalent (MtCO₂eq) was presented to the GCF for results-based payments (RBP). The presented results were analysed against the GCF requirements and resulted in a final volume of emission reductions of 5.5 MtCO₂eq. Colombia will use the proceeds from RBP provided under this project to invest in additional activities that support the implementation of its Integrated Strategy of Deforestation Control and Forest Management (EICDGB). This will strengthen national and local capacities monitor and control deforestation. The project will also contribute to the sustainable management of forest areas, as well as strengthening the territorial governance and capacities of indigenous peoples to manage and preserve forests.

Result areas

Project timeline

  • Pipeline

    381 days

    • Concept note received

    • Funding proposal received

    • Cleared by GCF Secretariat

    • Legal opinion on AE's Internal Approval

    • Cleared by iTAP

  • Approved

    335 days

    • Approved by GCF Board

    • FAA executed

  • Under implementation

    1,791 days so far

    • FAA effective

  • To be completed

    36 days to go

    Not started

  • Total project value $ 28.2 million

  • Tonnes of CO2 equivalent avoided 7.0 million

Financing

GCF-financing

0.0%

USD

USD 28.2 million

Show details

GCF-financing

100% disbursed

  • Rbp USD 28,208,123
  • Total GCF-financing USD 28,208,123

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