Chile is initiating the implementation of a USD 63,6 million project financed by the Green Climate Fund for having successfully reduced 18.4 million tCO2e of greenhouse gas (GHG) emissions from forests between 2014 and 2016 as a result of the implementation of REDD+ activities.
The project, designed by FAO and the Government of Chile, will restore and conserve approximately 25,000 hectares of native forest in five regions of the country, with direct interventions on both public and private properties, and focusing on small forestland owners.
It is expected to reduce greenhouse gas emissions by 1.1 million tons of CO2e by 2025 and 2 m tons of CO2e by 2030, through afforestation in more than 7,000 hectares and the sustainable management and conservation of over 17,000 hectares of forest. More than 57,000 people will be involved in afforestation, restoration and sustainable forest management, including indigenous communities.
Read more: https://www.greenclimate.fund/project/fp120
