Mechanism for Voluntary Mitigation of Greenhouse Gas Emissions in Colombia

Project Summary

To formulate and establish the technological and institutional platform basis for a verified emission reductions (VERs) market mechanism and to facilitate efforts of voluntary mitigation of greenhouse gas (GHG) emissions in Colombia, by: (i) creating a market platform for nationally issued VERs accessible to national or international buyers; (ii) supporting the issuing of VERs from forest carbon projects developed in Colombia; and (iii) fostering local demand of VERs through corporate carbon mitigation and offsetting strategies.

Project Details

GEF Project ID
Project Type
Full-size Project
Focal Areas
Funding Source
GEF Trust Fund
Implementing Agencies
Inter-American Development Bank
Executing Agencies
Fundacion Natura Colombia
GEF Period:
GEF - 4
Approval Fiscal Year:


Project Preparation Grant Amount
100,000 USD
GEF Project Grant
2,700,000 USD
Co-financing Total
7,923,900 USD
GEF Agency Fees
270,000 USD
Total Cost 10,723,900.00 USD

Project Timeline

Received by GEF
29 Sep 2009
Preparation Grant Approved
20 Jan 2010
Concept Approved
31 Mar 2010
Project Approved for Implementation
31 Jul 2011
Project closed
19 Jul 2017