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
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.
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
-
Financing
- Private sector
- Public sector
-
Size
- Micro
- Small
- Medium
- Large
GCF financing
Instrument | Amount |
---|---|
Loan | USD 37,954,962 |
Grant | USD 26,139,067 |
Total GCF Financing |
---|
USD 64,094,029 |
Co-financing
Co-financer | Instrument | Amount |
---|---|---|
Co-Financing | Loan | USD 19,949,506 |
Co-Financing | Grant | USD 24,316,473 |
Co-Financing | Grant | USD 8,282,213 |
Total Co-Financing |
---|
USD 52,548,192 |
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
Central American Bank for Economic Integration
Chief Sustainability Officer / Environmental and Social Sustainability Office
Blvd. Suyapa, Frente a las oficinas de la ENEE, Tegucigalpa, Honduras
Climate Funds and ESG Finance Analyst / Environmental and Social Sustainability Office
Blvd. Suyapa, Frente a las oficinas de la ENEE, Tegucigalpa, Honduras
More contacts
National Designated Authority
Secretariat of Climate Change of the Presidency (SCCP) and Ministry of the Environment and Natural Resources (MARENA)
Minister of Environment and Natural Resources
Avenida de Bolivar a Chávez, Costado sur de la Asamblea Nacional, Managua, Nicaragua
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
Documents
Title | Type | Date |
---|---|---|
Environmental and social safeguards (ESS) report for FP146: Bio-CLIMA: Integrated climate action to reduce deforestation and strengthen resilience in BOSAWÁS and Rio San Juan Biospheres | Environmental and Social Safeguards report | 04 Oct 2023 |
Board decision on Compliance Review Report C-0006-Nicaragua (Bio-CLIMA, FP146) | Operational document | 20 Jul 2023 |
Gender action plan for FP146: Bio-CLIMA: Integrated climate action to reduce deforestation and strengthen resilience in BOSAWÁS and Rio San Juan Biospheres | Gender action plan | 19 Nov 2020 |
Gender assessment for FP146: Bio-CLIMA: Integrated climate action to reduce deforestation and strengthen resilience in BOSAWÁS and Rio San Juan Biospheres | Gender assessment | 19 Nov 2020 |
Bio-CLIMA: Integrated climate action to reduce deforestation and strengthen resilience in BOSAWÁS and Rio San Juan Biospheres | Approved funding proposal | 13 Nov 2020 |
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