FP121

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

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

  • Status Under implementation
  • Date approved 14 Nov 2019 at B.24
  • Est. completion 13 Nov 2026
  • ESS Category Category B

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 - 366 days

Approved by GCF Board

14 Nov 2019

FAA executed

21 Nov 2019

Under implementation

13 Nov 2020 - 341 days so far

FAA effective

13 Nov 2020

Disbursement - USD 50,000,000

27 Nov 2020

Completed

13 Nov 2026 - 1,851 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 50,000,000
Total GCF Financing
USD 50,000,000

GCF Contacts

General media inquiries

GCF Communications
Phone +82 32 4458 6338 (KST)
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GCF Information Disclosure
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Project complaints and grievances

GCF Independent Redress Mechanism (IRM)
Phone +82 32 458 6485 (KST)
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Integrity issues

GCF Independent Integrity Unity (IIU)
Phone +82 32 458 6155 (KST)
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Accredited Entity

United Nations Environment Programme
Mr. Henrik Slotte
Special Advisor, Resource Mobilization, Global Environment Facility and Green Climate Fund Coordinator, Corporate Services Division
United Nations Avenue, Gigiri, P.O. Box 30552, Nairobi, Kenya
Phone +41 22 917 85 98
henrik.slotte@un.org
unep-gcf@un.org
Ms. Hemini Vrontamitis
Legal Officer, Corporate Services Division
United Nations Avenue, Gigiri, P.O. Box 30552, Nairobi, Kenya
More contacts

National Designated Authority

Paraguay
Ministry of the Environment and Sustainable Development (MADES)
His Excellency César Ariel Oviedo Verdun
Minister
Avenida Madame Lynch N° 3500 esq Reservista de la Guerra del Chaco, Asunción, Paraguay
Phone +595 21 287 9000
ministro@mades.gov.py
Mrs. Graciela Soledad Miret Martinez
Director of the Directorate of Strategic Planning
Avenida Madame Lynch N° 3500 esq Reservista de la Guerra del Chaco, Asunción, Paraguay