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BioCarbon Emission Reductions Program Orinoquia
Start Date:
01/01/2024
End Date:
31/12/2029
Description
Results-based financing program to generate, measure, verify and remunerate emission reductions from reduced deforestation, forest degradation, enhanced forest carbon stocks, agriculture and other land uses in Colombia's Orinoquia region. It includes benefit-sharing payments, biodiversity monitoring, and strengthened measurement, reporting and verification.
Iniciative Type
Action scope
Subnational
Evaluated
No
Stage
Implementation- Ongoing
Temporalidad
Medium-term
Number of Years
5 - Year -s
Related elements
Sectors:
Thematic Areas:
Countries:
Beneficiaries:
Instruments:
- Land use planning or agricultural zoning
- Setting of emission reduction objectives and targets
- Incentives or subsidies for the adoption of good sustainable production practices
- Linkages between producers and value chains and markets
- PES: Payment for environmental or ecosystem services
- Intersectoral and interinstitucional coordination
- Policy Monitoring and Evaluation
Resultados:
Policy frameworks:
- Colombia: Law 2294 of 2023 - National Development Plan 2022–2026
- Kunming-Montreal Global Biodiversity Framework
- REDD+ (reducing emissions from deforestation and forest degradation)
- Update of Colombia’s Nationally Determined Contribution (NDC) 2020–2030
- INDC: Intended Nationally Determined Contribution - El Salvador
Budget in USD
Budget in USD
$54,000,000.00
Counterpart Budget
$0.00
Total Budget
$54,000,000.00
Annual Average Budget
$9,000,000.00
| Financing Sources | Financing Types |
|---|---|
| WB: World Bank | Global or multilateral funds |
Institutions
| Institutions | Institutions rols |
|---|---|
| MADR: Ministry of Agriculture and Rural Development of Colombia | Execution and operation |
| WB: World Bank | Execution and operation |
| DNP: National Planning Department (Colombia) | Execution and operation |
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