CO San Nicolas Avoided Deforestation (WB-P102839)

Countries
  • Colombia
Geographic location where the impacts of the investment may be experienced.
Specific Location
San Nicolas, Antioquia
Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.
Financial Institutions
  • World Bank (WB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Closed
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
B
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Borrower
Government of Colombia
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Agriculture and Forestry
The service or industry focus of the investment. A project can have several sectors.
Investment Amount (USD)
$ 1.20 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Primary Source

Original disclosure @ WB website

Updated in EWS Nov 23, 2020

Disclosed by Bank Apr 12, 2016


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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

This code is being created for the avoided deforestation component of the project; while P098615 covers the reforestation component. The Project seeks to actively promote and finance the establishment on abandoned pastures of forestry, agroforestry and sylvopastural systems (Table 1 ), including training and capacity building towards their sustainable management. To date, and after negotiation process with local stakeholders, a forest management plan has been agreed. This plan includes CDM reforestation project activities for a total of eligible land area of 11,352.9 ha, from this area 8,475 ha were considered for plantations in the project (see table 1 and 2). This is due to a) the discount of the land dedicated to firewood plantations and b) a further discount due to changes in landowners preferences. The project considers that this conservative approach is as an additional strategy to ensure the carbon potential expressed in the calculations. The project will be carried out in the sub-region of the valleys of San Nicolas, which is made up of 9 municipalities in the eastern part of the Province of Antioquia, Colombia, which cover 193,000 hectares, of which 72,000 will be used for the development of the project. The sub-region is the hydrographic basin of the rivers Negro and Nare, which supplies water for several hydroelectricity plants that are responsible for generating approximately 33% of the energy used in Colombia. This project formulates a Plan for Sustainable and Participatory Management that was drafted in the course of a consultation, during the last 20 months, with the communities of the region of San Nicolas, Antioquia. The project will be implemented by the Corporation MASBOSQUES, a public-private partnership integrated by the municipalities, the regional environmental authority, the landowners, the regional association of entrepreneurs (CEO) and two research institutions. It is aimed to ensure sustainable development in the region, combining production of timber and non-timber products and payments for environmental services (including carbon sequestration). Board Schedule Comments This code is being created for the avoided deforestation component of the project; while P098615 covers the reforestation component. The Project seeks to actively promote and finance the establishment on abandoned pastures of forestry, agroforestry and sylvopastural systems (Table 1 ), including training and capacity building towards their sustainable management. To date, and after negotiation process with local stakeholders, a forest management plan has been agreed. This plan includes CDM reforestation project activities for a total of eligible land area of 11,352.9 ha, from this area 8,475 ha were considered for plantations in the project (see table 1 and 2). This is due to a) the discount of the land dedicated to firewood plantations and b) a further discount due to changes in landowners preferences. The project considers that this conservative approach is as an additional strategy to ensure the carbon potential expressed in the calculations. The project will be carried out in the sub-region of the valleys of San Nicolas, which is made up of 9 municipalities in the eastern part of the Province of Antioquia, Colombia, which cover 193,000 hectares, of which 72,000 will be used for the development of the project. The sub-region is the hydrographic basin of the rivers Negro and Nare, which supplies water for several hydroelectricity plants that are responsible for generating approximately 33% of the energy used in Colombia. This project formulates a Plan for Sustainable and Participatory Management that was drafted in the course of a consultation, during the last 20 The project will be implemented by the Corporation MASBOSQUES, a public-private partnership integrated by the municipalities, the regional environmental authority, the landowners, the regional association of entrepreneurs (CEO) and two research institut

Investment Description
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The investment typw was not available at the time of the snapshot.


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ACCOUNTABILITY MECHANISM OF THE WORLD BANK

The World Bank Inspection Panel is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by a World Bank-financed project. If you submit a complaint to the Inspection Panel, they may investigate to assess whether the World Bank is following its own policies and procedures for preventing harm to people or the environment. You can contact the Inspection Panel or submit a complaint by emailing ipanel@worldbank.org. Information on how to file a complaint and a complaint request form are available at: https://www.inspectionpanel.org/how-to-file-complaint

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