FP121

REDD+ Results-based payments in Paraguay for the period 2015-2017

REDD+ Results-based payments in Paraguay for the period 2015-2017

Recognising Paraguay’s REDD+ results for the years 2015-2017.

During these years, Paraguay has reduced a total volume 23 million tonnes of carbon dioxide equivalent (tCO2eq) in emissions from reducing deforestation, forest degradation, enhancement of forest stocks and conservation (REDD+).  The United Nations Framework Convention on Climate Change (UNFCCC) has assessed these results as being fully compliant with its REDD+ stipulations. Paraguay will use the payment to invest in implementing its National Strategy for Forests and Sustainable Growth, which is aligned with its Nationally Determined Contribution (NDC).

Total project value

 

Tonnes of emissions avoided

 

Theme

Mitigation

Result areas

Project timeline

Pipeline

11 Jun 2019 - 157 days

Concept note received

11 Jun 2019

Funding proposal received

28 Jun 2019

Cleared by GCF Secretariat

08 Aug 2019

Legal opinion on AE's Internal Approval

20 Sep 2019

Cleared by iTAP

10 Oct 2019

Approved

14 Nov 2019 - 101 days so far

Approved by GCF Board

14 Nov 2019

FAA executed

14 Nov 2019

Under implementation

Completed

One region

  • Latin America and the Caribbean

One country

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

GCF financing

InstrumentAmount
Results-Based PaymentUSD 50,000,000

GCF Project Team

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Accredited Entity

National Designated Authority