FP019
Priming Financial and Land Use Planning Instruments to Reduce Emissions from Deforestations
Priming Financial and Land Use Planning Instruments to Reduce Emissions from Deforestations
Reducing deforestation in Ecuador by investments to support sustainable agricultural production and conservation of forests.
The Reducing Emissions from Deforestation and forest Degradation (REDD) mechanism has been boosted by the Warsaw Framework on REDD+ under COP19. The decisions taken specified that countries would develop work programmes to address deforestation, and anticipated that applications for support in results-based financing could be made to the Green Climate Fund.
Deforestation levels in Ecuador amounted to 109,000 hectares per year between 2000 and 2009, with over 99% of deforested land being transformed into agricultural areas. Ecuador’s REDD+ Action Plan addressed the drivers of this deforestation.
GCF’s investment will co-finance the Action Plan. Targeted investment will control agricultural expansion into forest areas, whilst agricultural and livestock production practices will be implemented to reduce deforestation. Land-use zoning plans will be aligned with national climate change-related targets, and measures will be implemented to support restoration, conservation and sustainable production in vulnerable watersheds. The project will also ensure that financial instruments are aligned with the objectives of the action plan, by orienting public credit lines towards sustainable agricultural production practices, promoting tax incentives for REDD-supportive activities, and strengthening purchasing policies for deforestation-free commodities, their certification and traceability.
The project has an estimated lifespan of 5 years.
Project timeline
Pipeline
29 May 2015 - 505 days
Concept note received
29 May 2015
Funding proposal received
04 Dec 2015
Cleared by GCF Secretariat
30 Jul 2016
Legal opinion on AE's Internal Approval
28 Sep 2016
Approved
14 Oct 2016 - 221 days
Approved by GCF Board
14 Oct 2016
Cleared by iTAP
14 Oct 2016
FAA executed
19 May 2017
Under implementation
22 May 2017 - 2,530 days so far
FAA effective
22 May 2017
Disbursement - USD 7,901,895
04 Jul 2017
Annual Performance Report
23 Mar 2018
Annual Performance Report
01 Mar 2019
Disbursement - USD 10,724,992
22 Mar 2019
Disbursement - USD 11,156,592
03 Feb 2020
Disbursement - USD 7,378,595
24 Nov 2021
Disbursement - USD 4,010,665
17 Nov 2022
To be completed
22 Nov 2023 - -154 days to go
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Financing
- Private sector
- Public sector
-
Size
- Micro
- Small
- Medium
- Large
GCF financing100% disbursed
| Instrument | Amount |
|---|---|
| Grant | USD 41,172,739 |
| Total GCF Financing |
|---|
| USD 41,172,739 |
Co-financing
| Co-financer | Instrument | Amount |
|---|---|---|
| Co-Financing | Grant | USD 40,245,550 |
| Co-Financing | Grant | USD 1,769,458 |
| Co-Financing | Grant | USD 820,900 |
| Total Co-Financing |
|---|
| USD 42,835,908 |
GCF Contacts
General media inquiries
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Project complaints and grievances
GCF Independent Redress Mechanism (IRM)Phone +82 32 458 6186 (KST)
File a complaint
Integrity issues
GCF Independent Integrity Unity (IIU)Phone +82 32 458 6714 (KST)
Send e-mail
Accredited Entity
United Nations Development Programme
Executive Coordinator and Director, Global Environment Finance
304 East 45th Street, FF-9th Floor, New York, NY, United States
Environmental Policy Specialist Global Environmental Finance, Bureau for Policy and Programme Support (BPPS)/Global Policy Network
More contacts
National Designated Authority
Ministry of Environment, Water and Ecological Transition
Undersecretary of Climate Change
Av. Madrid 1159 y Andalucía, Quito, Ecuador
Documents
News + Stories
Amazon indigenous peoples hold key to forest’s future
26 Aug 2021 / The indigenous peoples of the Amazon have a key stake in our planet’s future. The release of the vast carbon reserves stored in the world’s largest rainforest would bring dire consequences for all of us. It is still possible to preserve the Amazon, but only by also focusing on the livelihoods of its indigenous peoples. See how here.
Efforts to save the Amazon offer triple win: Improving human, environmental, and economic health and wellbeing
04 Jun 2020 / Joint measures that tackle climate change and the Covid-19 pandemic must place the livelihoods of people front and centre. This is especially true for the custodians of natural ecosystems, which are vital in winning the fight against climate change and ensuring a green recovery in developing countries. In Ecuador, the Green Climate Fund (GCF) and its partners are supporting the government’s climate ambitions and, in the process, improving incomes, food security and resilience.
Forest conservation in the Amazon: Securing the future of people and the planet
22 Mar 2020 / In Ecuador, GCF is working with UNDP and the national government to provide people with technical and financial support to avoid forest clearing. GCF's climate finance is restoring vulnerable watersheds, and helping local people improve their farming practices to increase their incomes. By protecting nature, people also profit.
