According to President Carlos Alvarado, the government is committed to being a decarbonized country by 2050.
- A.M. Costa Rica illustrative photo -















Published Thursday, November 12, 2020

Green Climate Fund awards
$54.1 million to Costa Rica


By the A.M. Costa Rica staff

Costa Rica became the first Central American country to receive non-reimbursable funds from the Green Climate Fund, GCF, due to its successful results in climate matters by reducing greenhouse gas emissions, GHG, associated with deforestation in the 2014-2015 period, the government said in its statement.

The Board of Directors of the Green Climate Fund approved on Tuesday $54.1 million in non-reimbursable funds that it will give to Costa Rica under the modality of Payment for Results, within the framework of climate financing of the United Nations Framework Convention on Climate Change, UNFCCC.

According to the government, this modality recognizes the efforts made by countries to respond to the climate crisis and provides funds so that they can continue successful public policies.

Costa Rica had technical support from the United Nations Development Program, UNDP, and the REDD+ Secretariat to develop and present the proposal to the GCF, which asked to recognize 14.7 million metric tons of carbon dioxide captured in that period through the country’s forests.

According to the government $54.1 million from this fund will directly benefit thousands of Costa Ricans through three destinations, to be executed over the next five years (2021-2026) through the Ministry of Environment programs such as:

• Strengthen the existing Payment for Environmental Services, PES scheme. In the case of women beneficiaries, recent modifications have been made to the PES scheme to scale up women´s benefits.

• Expand Payment of Environmental Services schemes in indigenous territories.

• Strengthen forest fire prevention measures in rural communities through the National System of Conservation Areas, SINAC.

“These funds come at a critical time for Costa Rica, given that the economic crisis has put two of our key environmental programs at serious financial risk: The Forest Fire Prevention and Control Program and the Payment for Environmental Services that benefits 24,000 people directly each year,” Andrea Meza, Minister of Environment said.

According to President Carlos Alvarado, the government is committed to being a decarbonized country by 2050.




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How should the government invest the award winnings? We would like to know your thoughts on this story. Send your comments to news@amcostarica.com








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