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

  • Status Under implementation
  • Date approved 28 Feb 2019 at B.22
  • Est. completion 14 Jan 2026
  • ESS Category Category B

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.

Total project value

 

Tonnes of emissions avoided

 

Theme

Mitigation

Result areas

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 - 291 days so far

FAA effective

14 Jan 2020

Disbursement - USD 96,452,228

28 Apr 2020

Completed

14 Jan 2026 - 1,902 days to go

One region

  • Latin America and the Caribbean

One country

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

GCF financing100% disbursed

InstrumentAmount
Results-Based PaymentUSD 96,452,228

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

Brazil

Secretariat for International Affairs, Ministry of Economy

Mr. Erivaldo Gomes
Secretary for International Affairs
Esplanada dos Ministérios, Bloco P, 2° andar, Sala 219, Brasília (DF), Brazil
Phone +55 61 2020-4654
and.gcf@economia.gov.br

News + Stories

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.