CR-L1142 : Towards a Green Economy: Support for Costa Rica-s Decarbonization Plan

The project's general objective is to support the country's progressive transition to net zerogreenhouse gas (GHG) emissions by 2050, benefiting the entire population, through reforms to: (i) strengthen management andmonitoring of climate action in Costa Rica; (ii) conserve and restore ecosystems with high rates of GHG sequestration andreplace GHG-emitting agricultural practices with GHG-sequestering ones; and (iii) incentivize the use of electric power. Thenecessary policy reforms to implement the National Decarbonization Plan will be supported under these subsectors.This is the first loan in a series of two consecutive single-tranche operations that are technically related to one another butcontractually independent and financed as programmatic policy-based loans.