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ME-M1101 : Compensation Mechanism for Carbon Capture in Soil by Farmers

Project Status: Closed

Desertification is the result of an unsustainable use of land and is exacerbated by climate variations. It limits land productivity and its ability to provide Environmental services. The Project addresses this problem by building capacity in smallholder farmers in the Sierra Gorda, so that they can implement a holistic management in their agricultural and livestock activities. This will allow them to recover soil fertility and improve productivity while creating biodiversity refuges, water reservoirs and carbon sinks. The Project also aims to value the Environmental services that will be generated or enhanced through the orientation of public policies towards the development and strengthening of a compensation mechanism at a State level.

Project Detail

Project Number
ME-M1101
Project Country
Mexico
Project Sector
ENVIRONMENT AND NATURAL DISASTERS
Project Subsector
CLIMATE CHANGE ADAPTATION POLICY
Project Type
Technical Cooperation
Project Lending Type
NSG
Project Modality
Project Facility Type
Environmental and social impact category
C
Project Status
Closed
Operation Number
ATN/ME-15140-ME

Financial Information

Project Number
ME-M1101
Project Status
Closed

IDB Financing

Financing type
TCN
Fund
Multilateral Investment Fund II (MIF) -
Reporting currency
USD - United States Dollar
Reporting date
Jun/30/2023

Roles & Responsibilities

Contract signature date
Nov/23/2015

Project Information

Total Cost
USD 1,863,333
Country counterpart financing
USD 1,017,633
Amount
USD 845,700

Preparation

Title
Type
Project Number
Date Published
Multilateral Investment Fund Abstract
ME-M1101
May 13, 2015

Approved

Title
Type
Project Number
Date Published
Donors Memorandum
ME-M1101
September 25, 2015

Implementation

Title
Type
Project Number
Date Published
Project Performance Monitoring Reports
ME-M1101
September 13, 2017
Project Performance Monitoring Reports
ME-M1101
June 29, 2017
Project Performance Monitoring Reports
ATN/ME-15140-ME;ME-M1101
October 01, 2016
Procurement Plan
ATN/ME-15140-ME;ME-M1101
July 28, 2016