FP144

Costa Rica REDD-plus Results-Based Payments for 2014 and 2015

Costa Rica REDD-plus Results-Based Payments for 2014 and 2015

  • Status Under implementation
  • Date approved 13 Nov 2020 at B.27
  • Est. completion 10 Feb 2026
  • ESS Category Category B

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.  

Total project value

 

Tonnes of emissions avoided

 

Theme

Mitigation

Result areas

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 - 27 days so far

FAA effective

10 Feb 2021

Completed

10 Feb 2026 - 1,801 days to go

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 54,119,143

GCF Contacts

General media inquiries

GCF Communications
Phone +82 32 4458 6338 (KST)
Send e-mail

Request for information

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 Development Programme

Mr. Pradeep Kurukulasuriya
Executive Coordinator and Director, Global Environment Finance
304 East 45th Street, FF-9th Floor, New York, NY, United States
Phone +1 (212) 906-5884
pradeep.kurukulasuriya@undp.org
Mr. Robin Merlier
Environmental Policy Specialist Global Environmental Finance, Bureau for Policy and Programme Support (BPPS)/Global Policy Network
Phone +1 2129065842
robin.merlier@undp.org

National Designated Authority

Costa Rica

Ministry of Environment and Energy

Her Excellency Andrea Meza Murillo
Minister of Environment and Energy
Calle 5. Av. 8-10, San José, Costa Rica
Phone +(506) 22334533
Phone +(506) 22571417
Phone +(506) 22575456
andrea.meza@minae.go.cr
despachominae@minae.go.cr
Mrs. Norma Patricia Campos Mesén
Director of the Climate Change Directorate
Esquina Calle Ronda, Barrio Dent, Centro de Cambio Climático, San José, Costa Rica
Phone +(506) 22564298
Phone +(506) 83461513
cambioclimatico@minae.go.cr
npcm11@gmail.com