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).
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 • 1,648 days so far
FAA effective
13 Nov 2020
Disbursement - USD 50,000,000
27 Nov 2020
To be completed
13 Nov 2026 • 544 days to go
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Financing
- Private sector
- Public sector
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Size
- Micro
- Small
- Medium
- Large
GCF financing100% disbursed
| Instrument | Amount |
|---|---|
| Results-Based Payment | USD 50,000,000 |
| Total GCF Financing |
|---|
| USD 50,000,000 |
GCF Contacts
General media inquiries
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Project complaints and grievances
GCF Independent Redress Mechanism (IRM)Phone +82 32 458 6186 (KST)
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Integrity issues
GCF Independent Integrity Unity (IIU)Phone +82 32 458 6714 (KST)
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Entity
United Nations Environment Programme
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
GCF Coordinator, Corporate Services Division
United Nations Environment Programme, United Nations Avenue, Gigiri, P.O. Box 30552 Nairobi, Kenya, Nairobi, Kenya
More contacts
National Designated Authority
Ministry of Economy and Finance
Minister of Economy and Finance
Chile 252 /1220, Asunción, Paraguay
Senior Analyst
Chile 252 /1220, Asunción, Paraguay
Technical Analyst of the Vice Ministry of Economy and Planning of the Ministry of Economy and Finance
Chile 252 /1220, Asunción, Paraguay