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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.
Financial mechanism
GEF
Date of approval
Status
Completed
Countries
Managing organisations
ENEL
MARENA
MAGFOR
INAFOR
Implementing organisations
IADB
Project ID
3981
GEF project type
Full size
GEF project phase
GEF - 4
GEF Cofinancing
$6.269.857
GEF project grant
$4.040.909
Executing Agencies
ENEL, MARENA, MAGFOR, INAFOR