Costa Rica REDD+ Emission Reductions Program

active

The development objective of the Reducing Emissions from Deforestation and Forest Degradation (REDD+) Emission Reductions (ERs) Program of Costa Rica is to make payments to the program entity for measured, reported, and verified ERs related to reduced deforestation and forest degradation, the enhancement of forest carbon stocks (REDD+) at the national level in Costa Rica, and distribution of ER payments in accordance with agreed benefit sharing plan (BSP). REDD+ is generally implemented in three phases of technical assistance, investments, and results-based finance: (i) phase I, readiness, where countries carry out readiness preparation activities and develop national strategies or action plans, policies and measures, and other capacity building activities; (ii) phase II, implementation, countries implement national policies and measures, and national strategies or action plans; and (iii) phase III, results-based payments, which provides payments for verified ERs, achieved among other things, through activities supported in the second phase.