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

Project Status: Approved

The general objective of the project is to contribute to the progressive transition of the country towards zero net emissions of Greenhouse Gases (GHG) by 2050, benefiting the entire population through reforms to: (i) strengthen management and monitoring of climate action in CR; (ii) the conservation and restoration of ecosystems with high GHG uptake and the replacement of GHG emitting agricultural practices with sequestering ones ; and (iii) the incentive for the use of electric energy. Under these subsectors, the necessary policy reforms for the implementation of the National Decarbonization Plan (PD) will be supported.

Project Detail

Project Number
CR-L1142
Approval date
March 11, 2020
Project Country
Costa Rica
Project Sector
ENVIRONMENT AND NATURAL DISASTERS
Project Subsector
ENVIRONMENT AND NATURAL DISASTERS-CLIMATE CHANGE MITIGATION POLICY
Project Type
Loan Operation
Environmental and social impact category
B13
Project Status
Approved

Project Information

Total Cost
USD 380,000,000
Country counterpart financing
USD 0
Fund
Ordinary Capital