{"id":105683,"date":"2025-01-06T19:58:52","date_gmt":"2025-01-06T17:58:52","guid":{"rendered":"https:\/\/www.csregypt.com\/?p=105683"},"modified":"2025-01-06T19:58:52","modified_gmt":"2025-01-06T17:58:52","slug":"wb-earmarks-5-1m-for-chile-to-cut-1-03-m-tons-of-co2-emissions","status":"publish","type":"post","link":"https:\/\/csregypt.com\/en\/wb-earmarks-5-1m-for-chile-to-cut-1-03-m-tons-of-co2-emissions\/","title":{"rendered":"WB earmarks\u00a0 $5.1m for Chile to cut 1.03 m tons of CO2 emissions"},"content":{"rendered":"

The World Bank\u2019s\u00a0Forest Carbon Partnership Facility (FCPF)<\/a> earmarked $5.1 million to Chile with an aim of cutting 1.03 million tons of carbon emissions from deforestation and forest degradation (REDD+).<\/p>\n

This marks the first payment under Chile\u2019s Emission Reductions Payment Agreement (ERPA) with FCPF, which provides access to up to $26 million for reducing 5.2 million tons of emissions.<\/p>\n

This milestone follows a rigorous process of measurement, reporting, and verification (MRV), which ensured that Chile\u2019s emission reductions met the FCPF\u2019s high standards. The reductions were independently verified by a third-party Validation and Verification Body, underscoring their integrity.<\/p>\n

The\u00a0Emission Reductions Program<\/a>\u00a0spans six regions\u2014 Maule, \u00d1uble, Biob\u00edo, La Araucan\u00eda, Los R\u00edos and Los Lagos \u2014covering nearly half of Chile\u2019s forest area.<\/p>\n

These regions are particularly vulnerable to the impacts of climate change, including recurring wildfires, prolonged droughts, and desertification. Through sustainable forest management practices and initiatives to enhance carbon stocks, the program helps restore ecosystems while supporting communities to build climate resilience.<\/p>\n

At its core, the program features a transparent and inclusive benefit-sharing mechanism that prioritizes women, Indigenous Peoples, and small property holders, ensuring that those most affected by deforestation receive direct support and share in the benefits of climate action.<\/p>\n

\u201cThis milestone underscores Chile\u2019s leadership in tackling the complex challenges of climate change, desertification, and forest degradation,\u201d said\u00a0Jean-Marc Arbogast, World Bank Group Country Manager for Chile. \u201cThe program demonstrates how integrated approaches can deliver tangible climate results while addressing ecosystem vulnerabilities and supporting communities. It also stands as a global model for transparent and inclusive benefit-sharing, ensuring that the rewards of climate action are fairly distributed.\u201d<\/p>\n

The ER program also benefits from complementary financing, including over\u00a0$60 million from the Green Climate Fund<\/a>, which supports forest conservation and climate resilience efforts across the country.<\/p>\n

\u201cChile is one of the most vulnerable countries to the climate crisis, with increasingly evident impacts on our agriculture and natural resources. For this reason, our commitment to decarbonization is more urgent than ever. This means adopting sustainable agricultural practices, protecting our forests and promoting technologies that allow us to be more efficient and resilient,\u201d\u00a0said\u00a0Esteban Valenzuela, Chile’s Minister of Agriculture. \u201cThe transition to a low-carbon development model is not only an environmental obligation, but an opportunity to strengthen our food security and improve the lives of farmers and rural communities.\u201d<\/p>\n

\u201cThis payment is a milestone for Chile, as it validates our commitment to the fight against the climate crisis,\u201d\u00a0said\u00a0Aida Baldini, executive director of Chile’s National Forestry Corporation. \u201cThese resources will allow us to strengthen forest conservation and, above all, support the most vulnerable communities, which are the most affected by the impacts of climate change. This reaffirms that environmental protection can and must go hand in hand with social justice and the well-being of local communities.\u201d<\/p>\n

\n","protected":false},"excerpt":{"rendered":"

The World Bank\u2019s\u00a0Forest Carbon Partnership Facility (FCPF) earmarked $5.1 million to Chile with an aim of cutting 1.03 million tons of carbon emissions from deforestation and forest degradation (REDD+). This marks the first payment under Chile\u2019s Emission Reductions Payment Agreement (ERPA) with FCPF, which provides access to up to $26 million for reducing 5.2 million […]<\/p>\n","protected":false},"author":410,"featured_media":105684,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13330,984],"tags":[16830,15621,8050,6739],"yoast_head":"\nWB earmarks\u00a0 $5.1m for Chile to cut 1.03 m tons of CO2 emissions - Csr Egypt<\/title>\n<meta name=\"description\" content=\"The World Bank\u2019s\u00a0Forest Carbon Partnership Facility (FCPF) earmarked $5.1 million to Chile with an aim of cutting 1.03 million tons of carbon emissions from deforestation and forest degradation (REDD+).\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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