FP100
REDD-PLUS results-based payments for results achieved by Brazil in the Amazon biome in 2014 and 2015
REDD-PLUS results-based payments for results achieved by Brazil in the Amazon biome in 2014 and 2015
This is the first project that has been approved under the GCF’s REDD+ results-based payments pilot programme.
It provides payments for results derived from reducing emissions from deforestation in the Amazon region in 2014 and 2015. These results have subsequently been reported to the UNFCCC and undergone technical assessment and are fully compliant with UNFCCC requirements and the Terms of Reference for the GCF’s pilot programme on REDD+ results-based payments. Considering that Brazil will reinvest the proceeds received through this project in activities that are consistent with their Nationally Determined Contributions (NDCs) established under the UNFCCC Paris Agreement and national REDD+ strategy, Brazil will use the proceeds for (a) Development of a pilot of an Environmental Services Incentives Program for Conservation and Recovery of Native Vegetation (Floresta+); and (b) for Strengthening implementation of Brazil’s REDD+ strategy.
Project timeline
Pipeline
27 Jul 2018 - 217 days
Funding proposal received
27 Jul 2018
Concept note received
31 Jul 2018
Cleared by GCF Secretariat
10 Aug 2018
Legal opinion on AE's Internal Approval
24 Jan 2019
Cleared by iTAP
01 Feb 2019
Approved
28 Feb 2019 - 321 days
Approved by GCF Board
28 Feb 2019
FAA executed
27 Aug 2019
Under implementation
14 Jan 2020 - 1,565 days so far
FAA effective
14 Jan 2020
Disbursement - USD 96,452,228
28 Apr 2020
To be completed
14 Jan 2026 - 629 days to go
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Financing
- Private sector
- Public sector
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Size
- Micro
- Small
- Medium
- Large
GCF financing100% disbursed
| Instrument | Amount |
|---|---|
| Results-Based Payment | USD 96,452,228 |
| Total GCF Financing |
|---|
| USD 96,452,228 |
GCF Contacts
General media inquiries
GCF CommunicationsSend e-mail
Request for information
GCF Information DisclosureRequest information about this project
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
Secretariat for International Affairs, Ministry of Finance
Secretary for International Affairs
Esplanada dos Ministérios, Bloco P, 6° andar, Brasilia, Brazil
Deputy Secretary for Sustainable Development Finance
Esplanada dos Ministérios, Bloco P, 6° andar, Brasilia, Brazil
General Coordinator for Sustainable Finance
Esplanada dos Ministérios, Bloco P, 6° andar, Brasilia, Brazil
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.
GCF to explore how to extend REDD+ coverage at Asia-Pacific Forestry Week
14 Jun 2019 / The Green Climate Fund (GCF) will search for ways to expand the Fund’s use of climate finance to protect and restore forests during the Asia-Pacific Forestry Week 2019 which opens on Monday in Incheon, the Republic of Korea. GCF will participate in the forestry week, the fourth and largest such event held in the Asia Pacific region, to consult with a wide range of forestry experts to determine how to expand GCF’s engagement with REDD+ and other land management-based climate finance.