Bio-CLIMA: Integrated climate action to reduce deforestation and strengthen resilience in BOSAWAS and Rio San Juan Biospheres | Accountability Console
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Bio-CLIMA: Integrated climate action to reduce deforestation and strengthen resilience in BOSAWAS and Rio San Juan Biospheres

Sectors

Forestry

Description:

Projects in this Sector: 10

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Land reform

Description:

Projects in this Sector: 21

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Issues Raised

Consultation and disclosure

Description:

Projects with this Issue Raised: 495

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Cultural heritage

Description:

Projects with this Issue Raised: 113

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Due diligence

Description:

Projects with this Issue Raised: 456

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Environmental

Description:

Projects with this Issue Raised: 366

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Indigenous peoples

Description:

Projects with this Issue Raised: 85

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Retaliation (actual or feared)

Description:

Projects with this Issue Raised: 61

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Violence against the community

Description:

Projects with this Issue Raised: 46

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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 (MtCO₂eq) 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