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Green Climate Fund approves US$ 500 Million to REDD+ Initiatives in the Amazon Basin

Published: Tuesday, 10 October 2017 10:32 | Last Updated: Tuesday, 10 October 2017 10:40

GCF

Sarney Filho: "Amazon needs structural actions"

 

Environment Minister José Sarney Filho remarked on Tuesday (september 3rd), during a meeting with representatives of the Legal Amazon states, that the funds from the United Nations Framework Convention on Climate Change (UNFCCC) should start operating to meet the needs of protection and sustainable management of the forest. “Only then forests will keep on providing environmental services”, Sarney Filho said.

Also during the meeting the secretary for Climate Change and Forests Everton Lucero, announced that the Green Climate Fund (GCF) had dedicated US$ 500 million to developing countries that obtained the reduction of deforestation and forest degradation.

The GCF the government settled that nations can raise 30% of the total available, about US$ 150 million. In Brazil, according to the rules of CONAREDD+ resolution nº. 6, exclusively the federal government and states can access the funds, which must be addressed for public polices and initiatives of forest protection.

 

Proposals must be submitted by accredited entities. They will be evaluated in two steps:

1.    Submit a Readiness proposal
1.1    The readiness template should be completed by the NDA or focal point with support from their delivery partner where relevant.
1.2    The completed template should be submitted to This email address is being protected from spambots. You need JavaScript enabled to view it..
1.3    The Financial Management Capacity Assessment (FMCA) questionnaire should be completed by entities not accredited to the GCF.

2.    Review of the Readiness proposal
2.1    The GCF Secretariat reviews the request, planned activities, and the proposed budget. It also reviews the FMCA where applicable.
2.2    In the process of its review, the GCF Secretariat may request the NDA or focal point to provide additional information, and may also propose revisions.
2.3    The final proposal is submitted by the NDA or focal point to the GCF Secretariat.

 

The proposals are supposed to be in line with The Warsaw Framework for REDD+ and should inform how sources will be invested. For further details, click here.

 

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