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- First result-based payout strengthens REDD+ finance model
First result-based payout strengthens REDD+ finance model
(Source: GCF)
From the newsletter
Uganda has received $31 million from the Green Climate Fund (GCF) in recognition of verified emission reductions from forest conservation, the first such payment in Africa and the first for a “Least Developed Country”. The approval, made at the 43rd GCF Board meeting in South Korea strengthens the REDD+ results-based finance model.
The funds reward Uganda’s success in cutting more than 8 million tonnes of CO₂ between 2016 and 2017 through better forest management. That is equivalent to growing 133 million trees for a decade.
Unlike traditional grants, results-based finance is released only when agreed targets are met. The approach shows that countries can earn from proven conservation outcomes.
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