The objective of this Technical Cooperation (TC) is to strengthen the capacities of national and subnational governments to incorporate methodologies for the economic valuation of natural capital. These methodologies will enable the translation of the value of ecosystems and their services into strategic information for designing projects, instruments, and financial mechanisms that are innovative, efficient, and aligned with territorial priorities. Furthermore, the TC seeks to facilitate public policy decision-making that is informed and consistent with the national biodiversity goals identified in Colombia's 2030 Biodiversity Action Plan and other national and subnational policy frameworks.
Project Detail
Country
Colombia
Project Number
CO-T1837
Approval Date
-
Project Status
Preparation
Project Type
Technical Cooperation
Sector
ENVIRONMENT AND NATURAL DISASTERS
Subsector
BIODIVERSITY AND PROTECTED AREAS CONSERVATION
Lending Instrument
-
Lending Instrument Code
-
Modality
-
Facility Type
-
Environmental and Social Impact Category (ESIC)
-
Total Cost
USD 800,000.00
Country Counterpart Financing
-
Original Amount Approved
USD 400,000.00