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 - 235 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 Contacts

General media inquiries

GCF Communications
Phone +82 10 4458 7751
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Request for information

GCF Information Disclosure
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Project complaints and grievances

GCF Independent Redress Mechanism (IRM)
Phone +82 32 458 6157
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Integrity issues

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

United Nations Environment Programme

Ms. Kelly West
Senior Programme Manager, Global Environment Facility and Green Climate Fund Coordinator, Corporate Services Division
United Nations Avenue, Gigiri, P.O. Box 30552, Nairobi, Kenya
Phone +254 20 7624147
kelly.west@un.org
unep-gcf@un.org
Ms. Hemini Vrontamitis
Legal Officer, Corporate Services Division
United Nations Avenue, Gigiri, P.O. Box 30552, Nairobi, Kenya

National Designated Authority

Paraguay

Secretariat of Technical Planning for Economic and Social Development

His Excellency Mr. Carlos Alberto Olmedo
Minister- Executive Secretary
Estrella Nr. 505 esquina 14 de Mayo, Asunción Paraguay, Asunción, Paraguay
Phone +595 21 450 422
ministro@stp.gov.py