FP050
Bhutan for life
Bhutan for life
Securing Bhutan’s protected areas, comprising 51% of its territory, thus preventing deforestation and preserving resources.
Bhutan is committed to the bold goal of remaining carbon neutral, as re-stated in its NDC under the Paris Agreement. Much of Bhutan is managed under a network of Protected Areas (PAs), which are central to ensuring that at least 60% of the country remains under forest cover. However, many of these areas are coming under increasing pressure from a combination of economic development in surrounding areas, illegal extraction of resources, and the adverse impacts of weather-related events such as landslides, floods, and forest fires.
Bhutan for Life will support improved management of the country’s PAs, providing time and resources for the government to secure long-term revenues to maintain the improvements. Activities under the programme will increase forestry and land use climate mitigation, and support ecosystem-based adaptation to improve natural resource management and livelihoods, and enhance biodiversity.
The project has an estimated lifespan of 14 years.
Project timeline
Pipeline
06 Aug 2016 - 423 days
Concept note received
06 Aug 2016
Funding proposal received
04 Feb 2017
Legal opinion on AE's Internal Approval
25 May 2017
Approved
02 Oct 2017 - 369 days
Approved by GCF Board
02 Oct 2017
Cleared by iTAP
02 Oct 2017
FAA executed
11 Jun 2018
Under implementation
05 Oct 2018 - 1,883 days so far
FAA effective
05 Oct 2018
Disbursement - USD 5,792,037
01 Feb 2019
Disbursement - USD 5,178,750
17 Nov 2022
Completed
05 Oct 2032 - 3,233 days to go
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Financing
- Private sector
- Public sector
-
Size
- Micro
- Small
- Medium
- Large
GCF financing41% disbursed
Instrument | Amount |
---|---|
Grant | USD 26,557,354 |
Total GCF Financing |
---|
USD 26,557,354 |
Co-financing
Co-financer | Instrument | Amount |
---|---|---|
Co-Financing | Grant | USD 9,400,000 |
Co-Financing | Grant | USD 28,000,000 |
Co-Financing | Grant | USD 47,100,000 |
Co-Financing | Grant | USD 5,000,000 |
Co-Financing | Grant | USD 2,200,000 |
Total Co-Financing |
---|
USD 91,700,000 |
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

World Wildlife Fund, Inc.
Vice President, Climate Finance
Vice President of Multilateral Affairs
More contacts
National Designated Authority
Department of Macro-fiscal and Development Finance (DMDF), Ministry of Finance
Officiating Director
Post box. 127, Thimphu, Bhutan
Documents
Title | Type | Date |
---|---|---|
2020 Annual Performance Report for FP050: Bhutan for life | Annual Performance Report | 29 Jul 2021 |
2021 Annual Performance Report for FP050: Bhutan for life | Annual Performance Report | 20 Jan 2021 |
Bhutan for life: at a glance | Case study | 14 Jul 2020 |
2019 Annual Performance Report for FP050: Bhutan for life | Annual Performance Report | 01 Mar 2020 |
Gender assessment for FP050: Bhutan for life | Gender assessment | 31 Jan 2018 |
Gender action plan for FP050: Bhutan for life | Gender action plan | 31 Jan 2018 |
Bhutan for life | Approved funding proposal | 06 Nov 2017 |
Environmental and social safeguards (ESS) report for FP050: Bhutan for life | Environmental and Social Safeguards report | 12 Sep 2017 |