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 - 2,196 days so far
FAA effective
05 Oct 2018
Disbursement - USD 5,792,037
01 Feb 2019
Disbursement - USD 5,178,750
17 Nov 2022
Disbursement - USD 6,619,017
09 Jul 2024
To be completed
05 Oct 2032 - 2,920 days to go
-
Financing
- Private sector
- Public sector
-
Size
- Micro
- Small
- Medium
- Large
GCF financing66% 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
More contacts
National Designated Authority
Department of Macro-fiscal and Development Finance (DMDF), Ministry of Finance
Director
Post Box 127, Tashichhodzong, Thimphu,, Thimphu, Bhutan
Chief, Development Coordination and Debt Management Division (DCDMD), DMDF, Ministry of Finance
GCF Focal Officer, DCDMD, DMDF, Ministry of Finance
Documents
Title | Type | Date |
---|---|---|
2022 Annual Performance Report for FP050: Bhutan for life | Annual Performance Report | 28 Sep 2023 |
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 |