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projectFP100

REDD+ results-based payments for results achieved by Brazil in the Amazon biome in 2014 and 2015

18819947
TONNES of CO2 Anticipated tonnes of CO2 equivalent avoided

Impact

Mitigation
GCF results area
  • Forests and land use

Location & People

Region
  • Latin America and the Caribbean
Country
  • Brazil BRA

Investment Data

  • Financing:
    • Public
    • Public / Private
    • Private
  • Project size:
    • Micro
    • Small
    • Medium
    • Large
  • E&S Risk category:
    • Category A
    • Category B
    • Category C
Total project investment
GCF Financing
  • Instrument Results-based payment USD

Project owners

Accredited Entity
REDD+ results-based payments for results achieved by Brazil in the Amazon biome in 2014 and 2015 Approved February 2019
This is the first project that has been approved under the GCF’s REDD+ results-based payments pilot programme. It provides payments for results derived from reducing emissions from deforestation in the Amazon region in 2014 and 2015. These results have subsequently been reported to the UNFCCC and undergone technical assessment and are fully compliant with UNFCCC requirements and the Terms of Reference for the GCF’s pilot programme on REDD+ results-based payments. Considering that Brazil will reinvest the proceeds received through this project in activities that are consistent with their Nationally Determined Contributions (NDCs) established under the UNFCCC Paris Agreement and national REDD+ strategy, Brazil will use the proceeds for (a) Development of a pilot of an Environmental Services Incentives Program for Conservation and Recovery of Native Vegetation (Floresta+); and (b) for Strengthening implementation of Brazil’s REDD+ strategy.
Type
Document title
Published date
ESS report FP100 - UNDP - Brazil 01 Feb 2019
Accredited Entity
  • United Nations Development Programme (UNDP) Mr. Pradeep Kurukulasuriya Tel: +1 212 906 5884 Mr. Lucas Black Tel: +1 212 906 5842
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