Bio-CLIMA: Integrated climate action to reduce deforestation and strengthen resilience in BOSAWÁS and Rio San Juan Biospheres

  • Mitigation
  • Terminated
Date approved
13 Nov 2020
Est. completion
09 Dec 2028
ESS Category
Category A
Financing
Public sector
Entity
Central American Bank for Economic Integration

Overview

The Caribbean Region (CR) holds the highest biodiversity in Nicaragua and is part of the important central American biodiversity corridor. However, the CR is experiencing the highest deforestation and forest degradation rates of any region in the country due to unsustainable management of ecosystems, demographic pressure, and a lack of investments.

The project aims to restore degraded forest landscapes in the most biodiversity rich region of Nicaragua, the CR, and to channel investments into sustainable land-use management and forest management. It supports the implementation of the national REDD+ strategy, aiming to reduce 47.3 million tonnes of carbon dioxide equivalent (MtCO₂eq) in emissions through reducing deforestation over 20 years. The project activities will reinforce interventions consisting of targeted investments for sustainable landscape restoration and management, the creation of an enabling investment environment, and development of strong local capacity for territorial governance and law enforcement, with the necessary supporting tools and instruments. 

Project timeline

  • Pipeline

    607 days

    • Concept note received

    • Funding proposal received

    • Cleared by GCF Secretariat

    • Cleared by iTAP

  • Approved

    392 days

    • Approved by GCF Board

    • Legal opinion on AE's Internal Approval

    • FAA executed

  • Under implementation

    820 days

    • FAA effective

    • FAA terminated

  • Terminated

  • Total project value $ 117 million

  • Tonnes of CO2 equivalent avoided 47.3 million

Financing

GCF-financing

0.0%

USD

Co-financing

0.0%

USD

USD 117 million

Show details

GCF-financing

  • Loan USD 37,954,962
  • Grant USD 26,139,067
  • Total GCF-financing USD 64,094,029

Co-financing

  • Loan USD 19,949,506
  • Grant USD 24,316,473
  • Grant USD 8,282,213
  • Total co-financing USD 52,548,192

News and stories

Documents

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