The purpose of this project is to foster biodiversity conservation and climate change mitigation in the Lakes Apanás and Asturias Watershed through: (i) the implementation of Sustainable Forest and Land Management (SFLM) activities that will increase forest carbon sequestration, reduce greenhouse gas (GHG) emissions, and protect fragile ecosystems; and (ii) the design and piloting of a scheme of Payment for Environmental Services (PES) directed to farmers and/or private owners of forested reserves to be financed by the compensation for water use to be made by the hydroelectric power within the watershed.

Project Details

GEF Project ID
3981
Country
Nicaragua
Implementing Agencies
Inter-American Development Bank
Approval FY
2011
Status
Completed
Region
Latin America and Caribbean
Executing Agencies
ENEL, MARENA, MAGFOR, INAFOR
GEF Period
GEF - 4
Project Type
Full-size Project
Funding Source
GEF Trust Fund

Financials

USD
Co-financing Total
6,269,857
GEF Project Grant
4,040,909
GEF Agency Fees
404,091

Timeline

Received by GEF
20 Apr 2009
Concept Approved
31 Mar 2010
Project Approved for Implementation
18 Jul 2011
Project Closed
12 Jun 2018