Overall Objective

GGGI’s objective in Costa Rica is to achieve Costa Rica’s national commitment to Carbon Neutrality by 2021 with total net emissions comparable to 2005.

Strategic Outcome Targets

GHG Reductions Target Setting in Progress
Green Jobs Target Setting in Progress
Sustainable Services Target Setting in Progress
Air Quality Target Setting in Progress
Ecosystem Services Target Setting in Progress
Enhanced Adaptation to Climate Change Target Setting in Progress

Themes

Contact
Juhern Kim

Country Representative, Philippines

Resource Partner

GGGI Core Funding

Implementation Partner

Environmental Bank Foundation (FUNBAM)

 

Government Counterpart

Ministry of Foreign Affairs and Worship

Costa Rican Embassy to Republic of Korea

Ministry of Environment and Energy (MINAE)

National Forestry Financing Fund (FONAFIFO)

Fundacion Para El Desarrollo De La Cordillera Volcanica Central (FUNDECOR)

Context

The Paris Agreement sent a strong and unprecedented message that valuing and investing in forests and ecosystems services is critically important for the new global climate regime. Costa Rica’s Payment for Ecosystem Services program has been globally recognized as an innovative blend of economic and regulatory instruments that can serve as a model for the international community to learn from. One of the many successes from Costa Rica’s experience is demonstrated by a significant increase in forest cover from less than 30% in the 1980s to 54% of its territory today.

Starting with a strong rationale for why valuing ecosystem services has significant implication in the economic, environmental, and social context, this analysis unpacks the lessons learned from the Costa Rican PES experience. By analyzing what has worked and what hasn’t, the report provides insights and practical guidelines to readers in developing countries. Also, the valuable insight from this report will contribute to GGGI’s continued work in the Sustainable Landscape sector in Costa Rica and in other member countries, as well.

News

News • October 8, 2018

GGGI joins Costa Rica in its new and bold journey toward decarbonization

GGGI is pleased to join Costa Rica’s new and bold journey toward decarbonization – with its new national policy on decarbonization, which will be introduced in December 2018. As mentioned in the GGGI Director-General’s Progress Report, Costa Rica – a green growth champion – has generated 99 percent of its electricity from renewable sources since 2014, […]

News • June 8, 2017

Purple Rain in San Carlos

By Juhern Kim, GGGI Senior Land-Use Specialist It was probably in August 2015, and my first time crossing a hanging bridge in the heart of a forest, except when I served in the military training in remote mountains. The very last day when I was discharged from the military service, I swore not to ever […]

Projects

Project
Thematic Areas
Countries
Costa Rica Environmental Bank Foundation (FUNBAM)
Start Date Q1 2017
Funding Source
Actual Budget (USD) 0
Status Complete
Thematic Area
  • Sustainable Landscapes
View

Reports

Review of GGGI’s experience to design and operationalize NFVs to finance climate and green growth policy implementation Colombia  • Costa Rica  • India  • Jordan  • Mongolia
Report
Review of GGGI’s experience to design and operationalize NFVs to finance climate and green growth policy implementation

Colombia  • Costa Rica  • India  • Jordan  • Mongolia  • Rwanda  • Senegal  • Ethiopia  • Cross Cutting  • Vanuatu

Bridging the Policy and Investment Gap for Payment for Ecosystem Services: Learning from the Costa Rican Experience and Roads Ahead Costa Rica  • Sustainable Landscapes
Report
Bridging the Policy and Investment Gap for Payment for Ecosystem Services: Learning from the Costa Rican Experience and Roads Ahead

Costa Rica  • Sustainable Landscapes