Guyana REDD+ Investment Fund (GRIF)
The GRIF will (i) receive payments for forest climate services provided by Guyana; and (ii) transfer these payments and any investment income earned on these payments, net of any administrative costs of the Trustee and the Secretariat and any administrative fees to the Partner Entities, for projects and activities that support the implementation of Guyana's LCDS. The GRIF is also designed to support global efforts to devise a UNFCCC REDD+ mechanism.
REDD+; Forestry; Natural resources management; Sustainable land management.
Public and private entities
Eligible Projects or Programmes:
The GRIF will finance Projects identified in the LCDS, including: a) Investment in low carbon economic infrastructure, including renewable energy and information and communications technology; b) Investment in development and new economic opportunities for Amerindian communities; c) Investment in human capital, through education and training, expanding employment, and providing economic opportunities to small businesses and vulnerable groups; d) Investment in high value, low carbon economic sectors, including large scale agriculture, aquaculture, business process outsourcing and ecotourism; e) Investment in institutional strengthening; and f) Reforming existing forest-dependent sectors, such as forestry and mining, to make them consistent with Guyana’s low carbon vision.
The Project Concept Note must be consistent with Guyana´s Low Carbon Development Strategy and the overall results framework of the GRIF (once such framework is approved by the Steering Committee), include a robust results framework for the Project, as agreed between Guyana and the Partner Entity, and disclose any proposed waiver of the Partner Entities policies and procedures.
Proposal evaluation criteria:
How to Apply:
1. Project Concept Note (“PCN”) Submission: An Implementing Entity works with a Partner Entity to develop a PCN in the Partner Entity’s agreed format.
2. PCN Review: Steering Committee will review the PCN to determine whether it is consistent with the GRIF Governance Framework Document requirements for Partner Entity investments, and will either allocate Administrative Fees for Project Proposal Preparation to the Partner Entity, or send the PCN back to the Partner Entity for revision.
3. The Trustee will issue a Letter of Commitment for the allocated Partner Entity Administrative Fees for Project Proposal Preparation, subject to availability of funds.
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