FP144
Costa Rica REDD-plus Results-Based Payments for 2014 and 2015
Costa Rica REDD-plus Results-Based Payments for 2014 and 2015
Recognising Costa Rica’s REDD+ results for the years 2014, and 2015.
During these two years, Costa Rica has reduced 14.08 million tonnes of carbon dioxide equivalent (MtCO₂eq) in emissions, through reducing deforestation.
The Results Based Payments will be reinvested into Costa Rica’s Forestry Law, to be complemented by the country’s longstanding Payments for Environmental Services programme (PES programme). This is coupled with the goal to enhance the participation of relevant stakeholders, including indigenous peoples. The proposed use of proceeds aims to improve and scale up efforts in Costa Rica’s forest policy and programmes, in particular the Payment for Environmental Services (PES) national programme.
Project timeline
Pipeline
19 Dec 2019 - 331 days
Concept note received
19 Dec 2019
Funding proposal received
12 Mar 2020
Cleared by GCF Secretariat
30 Jul 2020
Legal opinion on AE's Internal Approval
06 Oct 2020
Cleared by iTAP
19 Oct 2020
Approved
13 Nov 2020 - 90 days
Approved by GCF Board
13 Nov 2020
FAA executed
13 Nov 2020
Under implementation
10 Feb 2021 - 1,171 days so far
FAA effective
10 Feb 2021
Disbursement - USD 54,119,143
05 Apr 2021
To be completed
10 Feb 2026 - 657 days to go
-
Financing
- Private sector
- Public sector
-
Size
- Micro
- Small
- Medium
- Large
GCF financing100% disbursed
| Instrument | Amount |
|---|---|
| Results-Based Payment | USD 54,119,143 |
| Total GCF Financing |
|---|
| USD 54,119,143 |
GCF Contacts
General media inquiries
GCF CommunicationsSend e-mail
Request for information
GCF Information DisclosureRequest information about this project
Project complaints and grievances
GCF Independent Redress Mechanism (IRM)Phone +82 32 458 6186 (KST)
File a complaint
Integrity issues
GCF Independent Integrity Unity (IIU)Phone +82 32 458 6714 (KST)
Send e-mail
Accredited Entity
United Nations Development Programme
Executive Coordinator and Director, Global Environment Finance
304 East 45th Street, FF-9th Floor, New York, NY, United States
Environmental Policy Specialist Global Environmental Finance, Bureau for Policy and Programme Support (BPPS)/Global Policy Network
More contacts
National Designated Authority
Ministry of Environment and Energy
Vice-minister of Strategic Affairs
Calle 25. Av. 8-10, San Jose, Costa Rica
International Cooperation Director
Calle 25. Av. 8-10, San Jose, Costa Rica
International Cooperation Officer
Calle 25. Av. 8-10, San José, Costa Rica
Documents
| Title | Type | Date |
|---|---|---|
| 2022 Annual Performance Report for FP144:Costa Rica REDD-plus Results-Based Payments for 2014 and 2015 | Annual Performance Report | 08 Sep 2023 |
| 2021 Annual Performance Report for FP144: Costa Rica REDD-plus Results-Based Payments for 2014 and 2015 | Annual Performance Report | 01 Mar 2022 |
| Gender action plan for FP144: Costa Rica REDD-plus Results-Based Payments for 2014 and 2015 | Gender action plan | 19 Nov 2020 |
| Gender assessment for FP144: Costa Rica REDD-plus Results-Based Payments for 2014 and 2015 | Gender assessment | 19 Nov 2020 |
| Costa Rica REDD-plus Results-Based Payments for 2014 and 2015 | Approved funding proposal | 13 Nov 2020 |
| Environmental and social safeguards (ESS) report for FP144: Costa Rica REDD-plus Results-Based Payments for 2014 and 2015 | Environmental and Social Safeguards report | 06 Oct 2020 |