FP203
Heritage Colombia (HECO): Maximizing the Contributions of Sustainably Managed Landscapes in Colombia for Achievement of Climate Goals
Heritage Colombia (HECO): Maximizing the Contributions of Sustainably Managed Landscapes in Colombia for Achievement of Climate Goals
Climate change projections in Colombia show an increase in temperature and more unpredictable precipitation patterns, thereby increasing the likelihood of droughts, floods, landslides, and fires that contribute to the destruction of the country’s already threatened protected areas. Achieving water security is a top priority in Colombia where the agricultural sector and rural communities are heavily reliant on ecosystem services and up to 80 per cent of the urban population are affected by water scarcity during dry years.
Heritage Colombia (HECO) aims to introduce a paradigm shift towards a more sustainable management of the country's ecosystems by employing a public-private partnership model that will secure financing in perpetuity for the sustainable management of key ecosystems and large-scale landscapes across the country, from the Heart of the Amazon to the Caribbean coast. The proposal will empower local governments by improving the institutional structures meant for surveilling and monitoring resource management, thus securing the most sustainable and effective future governance of these resources benefitting both adaptation and mitigation efforts in the region. The project relies on already tried and tested conservation, restoration, and rehabilitation instruments that have proven successful across a diverse set of ecosystems and social settings. By securing the water first, a wide range of co-benefits spanning from biodiversity and clean water provision can be unlocked from this single project.
Project timeline
Pipeline
22 Oct 2019 - 1242 days
Concept note received
22 Oct 2019
Funding proposal received
13 Aug 2021
Legal opinion on AE's Internal Approval
02 Nov 2021
Cleared by GCF Secretariat
07 Feb 2023
Cleared by iTAP
13 Mar 2023
Approved
16 Mar 2023 - 121 days
Approved by GCF Board
16 Mar 2023
FAA executed
17 Mar 2023
Under implementation
14 Jul 2023 - 481 days so far
FAA effective
14 Jul 2023
Disbursement - USD 3,328,763
24 Jan 2024
To be completed
14 Jul 2033 - 3,173 days to go
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Financing
- Private sector
- Public sector
-
Size
- Micro
- Small
- Medium
- Large
GCF financing8% disbursed
Instrument | Amount |
---|---|
Grant | USD 42,974,559 |
Total GCF Financing |
---|
USD 42,974,559 |
Co-financing
Co-financer | Instrument | Amount |
---|---|---|
Co-Financing | Grant | USD 69,400,000 |
Co-Financing | Grant | USD 32,777,951 |
Total Co-Financing |
---|
USD 102,177,951 |
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
Entity
World Wildlife Fund, Inc.
Vice President, Climate Finance
More contacts
National Designated Authority
National Planning Department
Director of Environment and Sustainable Development
Calle 26 No. 13-19, Bogotá, D.C, Colombia
NDA Technical Advisor
Calle 26 # 13 - 19, Bogotá, D.C., Colombia
Documents
Title | Type | Date |
---|---|---|
Heritage Colombia (HECO): Maximizing the Contributions of Sustainably Managed Landscapes in Colombia for Achievement of Climate Goals | Approved funding proposal | 11 Apr 2023 |
Gender action plan for FP203: Heritage Colombia (HECO): Maximizing the Contributions of Sustainably Managed Landscapes in Colombia for Achievement of Climate Goals | Gender action plan | 16 Mar 2023 |
Gender assessment for FP203: Heritage Colombia (HECO): Maximizing the Contributions of Sustainably Managed Landscapes in Colombia for Achievement of Climate Goals | Gender assessment | 16 Mar 2023 |
Environmental and social safeguards (ESS) report for FP203: Heritage Colombia (HECO): Maximizing the Contributions of Sustainably Managed Landscapes in Colombia for Achievement of Climate Goals | Environmental and Social Safeguards report | 21 Feb 2023 |
News + Stories
GCF and World Wildlife Fund sign key Colombia landscapes agreement
21 Mar 2023 / GCF and the World Wildlife Fund (WWF) have signed an agreement to rapidly implement an innovative project which aims to support more sustainable management of Colombia’s landscapes. The project focuses on protecting Colombia's natural ecosystems and biodiversity, while also promoting sustainable livelihoods for local communities and will help to conserve the country’s varied landscapes which have been hit hard by climate-related events such as droughts, floods, landslides and fires in recent years.