FP120
Chile REDD-plus results-based payments for results period 2014-2016
Chile REDD-plus results-based payments for results period 2014-2016
Recognising Chile’s REDD+ results for the years 2014, 2015 and 2016.
During these years, Chile has reduced a total volume of 18.4 million tonnes of carbon dioxide equivalent (MtCO₂eq) in emissions from reducing deforestation, forest degradation, enhancement of forest stocks and conservation (REDD+) of which 14.53 MtCO₂eq were offered to GCF for results-based payments. The United Nations Framework Convention on Climate Change (UNFCCC) has assessed these results as being fully compliant with its REDD+ stipulations. The payment will be reinvested to deepen the implementation of the country’s National Strategy on Climate Change and Vegetation Resources.
Project timeline
Pipeline
16 Mar 2019 - 244 days
Concept note received
16 Mar 2019
Funding proposal received
10 Jun 2019
Cleared by GCF Secretariat
08 Aug 2019
Legal opinion on AE's Internal Approval
10 Oct 2019
Cleared by iTAP
22 Oct 2019
Approved
14 Nov 2019 - 268 days
Approved by GCF Board
14 Nov 2019
FAA executed
14 Nov 2019
Under implementation
07 Aug 2020 - 1,570 days so far
FAA effective
07 Aug 2020
Disbursement - USD 63,607,552
21 Sep 2020
To be completed
07 Aug 2026 - 622 days to go
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Financing
- Private sector
- Public sector
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Size
- Micro
- Small
- Medium
- Large
GCF financing100% disbursed
| Instrument | Amount |
|---|---|
| Results-Based Payment | USD 63,607,552 |
| Total GCF Financing |
|---|
| USD 63,607,552 |
GCF Contacts
General media inquiries
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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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Entity
Food and Agriculture Organization of the United Nations
Deputy Director-General
More contacts
National Designated Authority
Ministry of Finance
Undersecretary of Finance
Teatinos 120, Santiago, Chile
Senior Advisor, Financial and International Affairs
Teatinos 120, Santiago, Chile