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Chile receives loan from World Bank to reduce carbon emissions related to REDD+

01/06/2025 Since 1 month

The World Bank’s Forest Carbon Partnership Facility (FCPF) has provided Chile with a 5.1 million dollars loan to reduce carbon emissions from deforestation and forest degradation (REDD+). This is the first disbursement under Chile’s Emission Reductions Payment Agreement (ERPA) with FCPF, which provides access up to 26 million dollars to reduce 5.2 million tons of emissions.

The Emissions Reduction Program (ERP) spans 6 regions covering nearly half of Chile’s forested area. The Program contributes to restoring ecosystems and supporting communities to build climate resilience through sustainable forest management practices and initiatives to enhance carbon stocks.

The ERP Program is also enriched by complementary financing, including more than $60 million from the Green Climate Fund (GCF), which supports forest conservation and climate resilience efforts throughout the country.

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