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Bio-CLIMA: Integrated climate action to reduce deforestation and strengthen resilience in BOSAWAS and Rio San Juan Biospheres
Sectors
Issues Raised
Project Information
Investment ID: FP146
Bank: Green Climate Fund
Environmental Category: A
Country: Nicaragua
Region: Latin America and the Caribbean
Approval Date: None
Investment Types: Grant, Loans
Total Project Cost: USD 116.6 million
Total Complaints: 1
Description
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 (MtCOâeq) 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.
Investments
Investment Type | ID | Amount | Status | Bank | Client |
---|---|---|---|---|---|
Grant, Loans | FP146 | None 26.1 million | Planned | GCF |
Related Complaints
Green Climate Fund IRM Complaints | IAM | Country | Date Filed | Status |
---|---|---|---|---|
Bio-CLIMA: Integrated climate action to reduce deforestation and strengthen resilience in BOSAWAS and Rio San Juan Biospheres | GCF IRM | Nicaragua | 30/06/2021 | Closed With Outputs |