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 - 1,263 days so far

FAA effective

10 Feb 2021

Disbursement - USD 54,119,143

05 Apr 2021

To be completed

10 Feb 2026 - 565 days to go

One region

  • Latin America and the Caribbean

One country

USD  
  • Financing
    • Private sector
    • Public sector
  • Size
    • Micro
    • Small
    • Medium
    • Large

GCF financing100% disbursed

InstrumentAmount
Results-Based PaymentUSD 54,119,143
Total GCF Financing
USD 54,119,143

GCF Contacts

General media inquiries

GCF Communications
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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 6714 (KST)
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Accredited Entity

United Nations Development Programme
Mrs. Nancy Bennet
Primary

Executive Coordinator, ad interim (A.I)
304 East 45th Street, FF-9th Floor, New York, United States
Phone +12129065044
nancy.bennet@undp.org
Mr. Robin Merlier
Secondary

Principal Advisor Environmental Law and Policy
304 East 45th Street, FF-9th Floor, New York, United States
Phone +1 2129065842
robin.merlier@undp.org
More contacts

National Designated Authority

Costa Rica
Ministry of Environment and Energy
Mr. Carlos Isaac Pérez Mejía Primary
Vice-minister of Strategic Affairs
Calle 25. Av. 8-10, San Jose, Costa Rica
Ms. Enid Chaverri Tapia Primary
International Cooperation Director
Calle 25. Av. 8-10, San Jose, Costa Rica
Phone (506) 8307-8679
echaverri@minae.go.cr
Ms. Patricia Campos Mesén Secondary
International Cooperation Officer
Calle 25. Av. 8-10, San José, Costa Rica
Phone (506) 8346-1513
pcampos@minae.go.cr