Costa Rica REDD-plus Results-Based Payments for 2014 and 2015

  • Mitigation
  • Under implementation
Date approved
13 Nov 2020
Completion date
10 Feb 2026
ESS Category
Category B
Financing
Public sector
Entity
United Nations Development Programme

Overview

Recognising Costa Rica’s REDD+ results for the years 2014, and 2015. 

During these two years, Costa Rica has reduced 14.08 million tonnes of carbon dioxide equivalent (MtCO₂eq) in emissions, through reducing deforestation. 

The Results Based Payments will be reinvested into Costa Rica’s Forestry Law, to be complemented by the country’s longstanding Payments for Environmental Services programme (PES programme). This is coupled with the goal to enhance the participation of relevant stakeholders, including indigenous peoples. The proposed use of proceeds aims to improve and scale up efforts in Costa Rica’s forest policy and programmes, in particular the Payment for Environmental Services (PES) national programme.  

Result areas

Countries

Regions

Project timeline

  • Pipeline

    331 days

    • Concept note received

    • Funding proposal received

    • Cleared by GCF Secretariat

    • Legal opinion on AE's Internal Approval

    • Cleared by iTAP

  • Approved

    90 days

    • Approved by GCF Board

    • FAA executed

  • Under implementation

    1,952 days so far

    • FAA effective

  • To be completed

    Not started

  • Total project value $ 54.1 million

  • Tonnes of CO2 equivalent avoided 10.6 million

Financing

GCF-financing

0.0%

USD

USD 54.1 million

Show details

GCF-financing

100% disbursed

  • Rbp USD 54,119,143
  • Total GCF-financing USD 54,119,143

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