Brazil becomes the first nation to receive results-based payment through the REDD+ programme.
The South American nation has received 96 million USD as part of the Green Climate Fund’s REDD+ results-based payments, for emission reductions achieved for the period 2014-2015.
The funding will be used by Brazil to pilot an environmental service incentive program known as “Floresta+” for conservation and recovery of native vegetation, and for strengthening the implementation of Brazil’s REDD-plus strategy. All of which ultimately contributes to the achievement of Brazil’s national climate action plan.
Following the Warsaw Framework for REDD-plus adopted at the UN Climate Change Conference COP19, Brazil was the first country to voluntarily submit and have a forest reference emission level technical assessed.
It also became the first country to submit REDD-plus results in a technical annexe to the Biennial Update Report (BUR) for technical analysis and now it is the first country to receive results-based payments from the Green Climate Fund.
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