Where: GCF currently supports Brazil, Bolivia, Colombia, Ecuador, Guyana, Peru, and Suriname through GCF’s proposal approval process (PAP), Simplified Approval Process (SAP), REDD+ results-based payment pilot programme, and Readiness programme, as integral elements of the countries’ efforts to implement the Paris Agreement and achieve the Sustainable Development Goals.

Total GCF commitment: As of August 2023, GCF has committed over USD 671 million to date to nature-based solutions across the countries of the Amazon Basin, avoiding more than 327 million tonnes of anticipated carbon dioxide equivalent (mtCO2eq) and enhancing the climate resilience of more than 32 million beneficiaries. This includes:

• The Amazon Bioeconomy Fund aimed at providing grants, loans, equity and guarantees to sustainable small and large bio-businesses across the Amazon through multiple, tailor-made financing windows, including one specialised for smallholders and indigenous communities;
• Supporting REDD+ Readiness and implementation, and providing the world’s first REDD+ results-based payments for emissions reductions achieved by Brazil, Ecuador, and Colombia under the REDD+ pilot programme during the 2014-2018 period;
• Direct access support through national partners, notably the Peruvian Trust Fund for National Parks and Protected Areas (Profonanpe), to local eco bio-businesses in the Peruvian Amazon;
• Private sector initiatives such as the multi-country Arbaro Fund aimed at reducing emissions by sustainably growing timber to reduce pressure on natural forests; and
• Providing catalytic capital for adaptation and climate-smart agriculture for an integrated approach to sustainability in the Amazon.

Pipeline: GCF’s pipeline includes a variety of transformative proposals for the Amazon, totalling another half billion US dollars in GCF resources and a further USD 964 million in co-financing. These include projects on indigenous livelihoods in the Peruvian Amazon, enhancing the climate resilience of Brazil’s public health system, supporting the expansion and protection of Colombia’s exceptional network of protected areas, establishing a tropical landscape facility, and supporting the development of sustainable cocoa agroforestry.

For multi-country proposals, components from countries other than those composing the Amazon Basin were excluded. In cases where country breakdowns were not available, figures were split equally across participating countries.