FP128

Arbaro Fund – Sustainable Forestry Fund

Arbaro Fund – Sustainable Forestry Fund

  • Status Under implementation
  • Date approved 12 Mar 2020 at B.25
  • Est. completion 30 Oct 2035
  • ESS Category Intermediation 1

The Programme will provide effective climate change mitigation outcome through investing in sustainable plantation forestry projects in emerging forestry markets of Latin America and Sub Saharan Africa, while also bringing adaptation co-benefits. This investment approach provides developing countries and their rural communities with a solution to increase carbon sinks by producing wood in a sustainable manner and conserving natural forests, whilst contributing to reduction of illegal logging.

Besides direct mitigation achieved in forest plantations, the Programme operations will lead to additional green house gas emission reduction benefits: the protection of natural forests in project areas, as well as the provision of alternative wood resources, will support efforts to combat deforestation and degradation of natural forests in project regions, and part of the carbon contained in harvested trees will be stored in wood products.

Total project value

 

Tonnes of emissions avoided

 

Theme

Mitigation

Result areas

Project timeline

Pipeline

30 Aug 2017 - 926 days

Concept note received

30 Aug 2017

Funding proposal received

17 Jun 2019

Cleared by GCF Secretariat

22 Aug 2019

Cleared by iTAP

18 Feb 2020

Legal opinion on AE's Internal Approval

18 Feb 2020

Approved

12 Mar 2020 - 233 days

Approved by GCF Board

12 Mar 2020

FAA executed

04 Sep 2020

Under implementation

30 Oct 2020 - 822 days so far

FAA effective

30 Oct 2020

Disbursement - USD 10,182,111

18 Nov 2020

Disbursement - USD 7,444,000

01 Jun 2021

Completed

30 Oct 2035 - 4,657 days to go

Two regions

  • Latin America and the Caribbean
  • Africa

Nine countries

Two priority groups

  • Least Developed Countries
  • African States
USD  
  • Financing
    • Private sector
    • Public sector
  • Size
    • Micro
    • Small
    • Medium
    • Large

GCF financing71% disbursed

InstrumentAmount
EquityUSD 25,000,000
Total GCF Financing
USD 25,000,000

Co-financing

Co-financerInstrumentAmount
Co-FinancingEquityUSD 25,000,000
Co-FinancingEquityUSD 100,000,000
Co-FinancingEquityUSD 46,000,000
Co-FinancingEquityUSD 4,000,000
Total Co-Financing
USD 175,000,000

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 6186 (KST)
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Integrity issues

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