Colombia – GGGI Green Growth Project (2017-2019)

The program will adopt a multi-pronged approach with three main outcomes: The first one focuses on further strengthening the policy framework at the national level, promoting an enabling environment for green growth investments and instruments for transitioning towards greener growth in Colombia in the long-run, while ensuring coordinated efforts with the peace building agenda and sub-national level priorities. The second outcome focuses on increasing investments in high value projects key for promoting green growth through more efficient use of natural resources and natural capital protection, particularly in forested areas. In particular, this outcome focuses on supporting the Colombian Government in materializing national deforestation reduction targets and international mitigation commitments through the Joint Declaration of Intent (DoI) for the Cooperation on reducing greenhouse gas emissions from deforestation and forest degradation (REDD+) and promoting sustainable rural development, signed with the Governments of Germany, Norway and the United Kingdom (GNUK), with a primary financial support from Norway. If results are achieved under policy milestones (Modality 1) and reduced deforestation results (Modality 2), payments could amount up USD 200 million. GGGI will also present Colombia with opportunities to engage in knowledge exchange to share and learn from peer GGGI member countries that are similar in size of economy, development stage and geographical contexts via its knowledge sharing program for large emerging economies.