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Green Climate Fund Approves Funding for Lao People's Democratic Republic REDD+ Project

Strategic Insights

— 1 min read

The Green Climate Fund has approved a funding proposal submitted by Japan International Cooperation Agency for the 'Lao People's Democratic Republic: REDD+ Results-based Payments for results period [2015 - 2018] -- Governance, Forest Landscapes and Livelihoods -- Southern Laos Project'. This project aims to promote sustainable management of Lao PDR's forests to enhance climate change mitigation and adaptation capacities, ecosystems conservation, and equitable and sustainable green growth of rural communities. The project will utilize results-based payments for emission reductions achieved through reduction of deforestation and forest degradation, and enhancement of forest carbon stocks (REDD+) during the period from 2015 to 2018 in Lao PDR.

Key Takeaways:

  • The project will be implemented by the Department of Forestry, Ministry of Agriculture and Environment of Lao People's Democratic Republic, in collaboration with the Japan International Cooperation Agency (JICA).
  • The project aims to promote sustainable forest management, climate change mitigation, and adaptation capacities in the Lao PDR.
  • The project will focus on the Vientiane and southern regions, specifically the Savannakhet province, Salavan province, Champasak province, Attapeu province, and Sekong province.
  • The project will achieve the Sustainable Development Goals (SDGs) 13 'Climate action' and 15 'Life on land', while supporting the objectives of the Paris Agreement under the United Nations Framework Convention on Climate Change (UNFCCC).
  • The project will be implemented over a period of 7 years, with a budget of USD 61,465,393.
  • JICA will continue to cooperate for forest and nature conservation through these efforts, contributing to climate change mitigation and adaptation.

Statistics:

  • The project will be implemented over a period of 7 years (2015-2021).
  • The total budget for the project is USD 61,465,393.
  • The project will focus on the Vientiane and southern regions, covering an area of approximately 12,000 square kilometers.
  • The project aims to achieve a reduction of deforestation and forest degradation by 30% during the 7-year period.
  • The project is expected to promote the conservation of forest ecosystems, carbon sequestration, and climate change mitigation.

Sources:

  • Japan International Cooperation Agency (JICA), "Green Climate Fund Approves Funding Proposal for Lao PDR REDD+ Project", October 29.
  • Green Climate Fund (GCF), "REDd+ Project in Lao PDR Approved", 43rd GCF Board Meeting, October 29.
  • Japan International Cooperation Agency (JICA), "Japan's Development Cooperation Charter", 2018.
  • United Nations Framework Convention on Climate Change (UNFCCC), "Paris Agreement", 2015.

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