FP146

Bio-CLIMA: Integrated climate action to reduce deforestation and strengthen resilience in BOSAWÁS and Rio San Juan Biospheres

Bio-CLIMA: Integrated climate action to reduce deforestation and strengthen resilience in BOSAWÁS and Rio San Juan Biospheres

  • Status Terminated
  • Date approved 13 Nov 2020 at B.27
  • Est. completion 09 Dec 2028
  • ESS Category Category A

The Caribbean Region (CR) holds the highest biodiversity in Nicaragua and is part of the important central American biodiversity corridor. However, the CR is experiencing the highest deforestation and forest degradation rates of any region in the country due to unsustainable management of ecosystems, demographic pressure, and a lack of investments.

The project aims to restore degraded forest landscapes in the most biodiversity rich region of Nicaragua, the CR, and to channel investments into sustainable land-use management and forest management. It supports the implementation of the national REDD+ strategy, aiming to reduce 47.3 million tonnes of carbon dioxide equivalent (MtCO₂eq) in emissions through reducing deforestation over 20 years. The project activities will reinforce interventions consisting of targeted investments for sustainable landscape restoration and management, the creation of an enabling investment environment, and development of strong local capacity for territorial governance and law enforcement, with the necessary supporting tools and instruments. 

Total project value

 

Tonnes of emissions avoided

 

Theme

Mitigation

Result areas

Project timeline

Pipeline

18 Mar 2019 - 607 days

Concept note received

18 Mar 2019

Funding proposal received

09 Nov 2019

Cleared by GCF Secretariat

17 Aug 2020

Cleared by iTAP

21 Oct 2020

Approved

13 Nov 2020 - 392 days

Approved by GCF Board

13 Nov 2020

Legal opinion on AE's Internal Approval

12 Feb 2021

FAA executed

11 Aug 2021

Under implementation

09 Dec 2021 - 820 days

FAA effective

09 Dec 2021

FAA terminated

07 Mar 2024

Terminated

07 Mar 2024

One region

  • Latin America and the Caribbean

One country

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

GCF financing

InstrumentAmount
LoanUSD 37,954,962
GrantUSD 26,139,067
Total GCF Financing
USD 64,094,029

Co-financing

Co-financerInstrumentAmount
Co-FinancingLoanUSD 19,949,506
Co-FinancingGrantUSD 24,316,473
Co-FinancingGrantUSD 8,282,213
Total Co-Financing
USD 52,548,192

GCF Contacts

General media inquiries

GCF Communications
Send e-mail

Request for information

GCF Information Disclosure
Request 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

Central American Bank for Economic Integration
Mr. Manfred Kopper
Primary

Chief Sustainability Officer / Environmental and Social Sustainability Office
Blvd. Suyapa, Frente a las oficinas de la ENEE, Tegucigalpa, Honduras
Phone +504 2240 2243
mkopper@bcie.org
Mr. Rubén Avila
Secondary

Climate Funds and ESG Finance Analyst / Environmental and Social Sustainability Office
Blvd. Suyapa, Frente a las oficinas de la ENEE, Tegucigalpa, Honduras
Phone +504 2240 2243
avilar@bcie.org
More contacts

National Designated Authority

Nicaragua
Secretariat of Climate Change of the Presidency (SCCP) and Ministry of the Environment and Natural Resources (MARENA)
Her Excellency Heyddy Calderón Palma Secondary
Minister of Environment and Natural Resources
Avenida de Bolivar a Chávez, Costado sur de la Asamblea Nacional, Managua, Nicaragua
Phone 8510-7366
hcalderon@marena.gob.ni
Mr. Javier Gutierrez Ramirez Operational focal point
Viceminister of Environment and Natural Resources and Secretary of Climate Change of the Presidency of the Republic of Nicaragua
Kilómetro 12 ½ Carretera Norte frente a Corporaciones Zona Franca las Mercedes, Managua, Nicaragua
Phone +505 2298-0225
xaviergut@gmail.com

News + Stories

Update on FP146: Bio-CLIMA Integrated climate action to reduce deforestation and strengthen resilience in BOSAWÁS and Rio San Juan Biospheres

07 Mar 2024 / The Green Climate Fund (GCF) has terminated the Funded Activity Agreement for the project, “Bio-CLIMA: Integrated climate action to reduce deforestation and strengthen resilience in BOSAWÁS and Rio San Juan Biospheres” (FP146), due to non-compliance with GCF policies and procedures on environmental and social safeguards (ESS).  The decision was made by the GCF Secretariat following a thorough investigative and assessment process, as well as actions taken by the Secretariat to address the instances on non-compliance, which constituted legal breaches to the releva