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Detail of GEF Project #4135

GEF Project ID4135
Funding SourceGEF Trust Fund
Project NameMechanism for Voluntary Mitigation of Greenhouse Gas Emissions in Colombia
CountryColombia
RegionLatin America and Caribbean
Focal AreaClimate Change
Strategic ProgramCC-2; CC-6
PIF Approval Date2010-01-20
PPG Approval Date2010-01-20
Approval Date2010-03-17
CEO Endorsement Date2011-08-01
GEF Agency Approval Date2011-08-31
Project StatusUnder Implementation
GEF AgencyIADB
Executing AgencyFundacion Natura Colombia
DescriptionTo formulate and establish the technological and institutional platform basis for a verified emission reductions (VERs) market mechanism and to facilitate efforts of voluntary mitigation of greenhouse gas (GHG) emissions in Colombia, by: (i) creating a market platform for nationally issued VERs accessible to national or international buyers; (ii) supporting the issuing of VERs from forest carbon projects developed in Colombia; and (iii) fostering local demand of VERs through corporate carbon mitigation and offsetting strategies.
PPG Amount
100,000 USD
GEF Project Grant
2,700,000 USD
GEF Grant
2,800,000 USD
Cofinancing Total
7,616,000 USD
Project Cost
10,416,000 USD
GEF Agency Fees
270,000 USD
GEF Project (CEO Endo.)
2,700,000 USD
Cofinancing Total (CEO Endo.)
7,923,900 USD
Project Cost (CEO Endo.)
10,723,900 USD
GEF Agency Fees (CEO Endo.)
270,000 USD
Project Documents

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