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

  • Status Under implementation
  • Date approved 14 Oct 2016 at B.14
  • Est. completion 22 May 2022
  • ESS Category Category B

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.

Total project value

 

Tonnes of emissions avoided

 

Beneficiaries

 

Direct
60,000
Indirect
390,000
Theme

Mitigation

Result areas

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 - 1,222 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

Completed

22 May 2022 - 605 days to go

One region

  • Latin America and the Caribbean

One country

USD  
  • Financing
    • Private sector
    • Public sector
  • Size
    • Micro
    • Small
    • Medium
    • Large

GCF financing35% disbursed

InstrumentAmount
GrantUSD 41,172,739

Cofinancing

CofinancerInstrumentAmount
Co-FinancingGrantUSD 40,245,550
Co-FinancingGrantUSD 1,769,458
Co-FinancingGrantUSD 820,900

GCF Contacts

General media inquiries

GCF Communications
Phone +82 10 4458 7751
Send e-mail

Request for information

GCF Information Disclosure
Request information about this project

Project complaints and grievances

GCF Independent Redress Mechanism (IRM)
Phone +82 32 458 6157
File a complaint

Integrity issues

GCF Independent Integrity Unity (IIU)
Phone +82 32 458 6155
Send e-mail

Accredited Entity

United Nations Development Programme

Mr. Pradeep Kurukulasuriya
Executive Coordinator and Director, Global Environment Finance
304 East 45th Street, FF-9th Floor, New York, NY, United States
Phone +1 (212) 906-5884
pradeep.kurukulasuriya@undp.org
Mr. Robin Merlier
Environmental Policy Specialist Global Environmental Finance, Bureau for Policy and Programme Support (BPPS)/Global Policy Network
Phone +1 2129065842
robin.merlier@undp.org

National Designated Authority

Ecuador

Ministry of Environment and Water

Mr. Humberto Re Carrera
Undersecretary of Climate Change
Av. Madrid 1159 y Andalucía, Quito, Ecuador

News + Stories

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.

Achieving net zero deforestation in Ecuador

31 Jan 2020 / GCF is working with UNDP to protect lives and livelihoods in Malawi from climate-related disasters by providing early warning weather and climate information systems and improving the resilience of vulnerable communities.

Forests: A cause of climate concern, and hope

15 Aug 2018 / You don’t know what you’ve got until it’s gone.