Carbon Fund

LOI

The Letter of Intent (LOI) was signed by the Government of Costa Rica and the Forest Carbon Partnership Facility (FCPF) on September 11, 2013. This paper includes the FCPF’s intention of buying from Costa Rica an amount of up to U.S. $ 630 000 000.00 as far as Costa Rica meets the agreed requirements.

ERPIN

The Emissions Reduction Project Idea Note (ERPIN) was approved by the Participants Committee (PC) last March 2013. After this milestone, Costa Rica should work on the Emission Reduction Program (ERPROGRAM) and generate a final Emission Reductions Program Document (ERPD) in 2014 to give way to the purchase agreement in 2015.

ERPROGRAM

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ERPD

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ERPA

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Progress in the development of the REDD +

2008 2010 2011 2012 2013 2014 2015-2020
-Costa Rica was selected for the FCPF -Readiness Preparation Proposal (R-PP), Approved by the Committee of participants (CP) - SESA national workshop
-Monitoring workshops
- Grant agreement signed for the preparation toolkit. - Workshop on the investment strategy for the emissions reduction program. - Approval of ER-PIN at the CP

-LOI signature OF THE LOI
-Begins information process
-Presentation of MTR
- Toolkit to prepare and document REDD+ strategy - ERPA ( Emission Reductions Payment Agreement)
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