Project News

After being selected as an FCPF Carbon Fund^[1] country in June 2018, Lao PDR prepared an Emission Reductions Payment Agreement (ERPA) with the World Bank. In December 2020, Lao PDR became the ninth country in the world and the third in Asia to sign an ERPA. This will open up the possibility for Lao PDR to receive a Results-Based Payment equivalent to USD 42 million by achieving REDD+ results (emissions reduction and removal) in six northern provinces from 2019 to 2024.

During the preparation of the ERPA, F-REDD cooperated with other development partners to support the Lao PDR government on issues including emissions reduction monitoring, safeguards and benefit sharing. To support the realization of REDD+ results, F-REDD is currently collaborating with GIZ to implement the I-GFLL project using the GCF fund^[2], and also continuing the capacity building of the DOF together with the SilvaCarbon Program and the World Bank to prepare for the emissions reduction monitoring scheduled for 2022 and 2025. As REDD+ Results-Based Payment becomes closer to reality, we hope that forest conservation in Lao PDR will be further expedited.