Côte d’Ivoire has just received a second payment of 15 million US dollars from the World Bank, as part of the Carbon Program signed with the Forest Carbon Partnership Facility (FCPF).
This payment follows an initial disbursement of 35 million US dollars in 2024, which rewarded the issuance of seven million tons of CO₂ equivalent, according to Assahoré Konan Jacques, Côte d’Ivoire’s Minister of Environment, Sustainable Development, and Ecological Transition.
The minister explained that this additional disbursement covers three million tons of CO₂ equivalent for the 2022–2023 period and fulfills the contractual objective of 10 million tons of CO₂ equivalent, bringing the total amount to 50 million US dollars.
He reviewed a series of actions carried out around Taï National Park, which enabled a reduction of 13 million tons of CO₂ during the same period. This resulted in 10 million surplus tons of carbon, which can be monetized on international markets or used to reduce the country's nationally determined contributions (NDCs).
Meanwhile, Marie Chantal Uwanliyigira, the World Bank’s Country Director for Côte d’Ivoire, Benin, Guinea, and Togo, praised Côte d’Ivoire’s efforts in fulfilling its carbon purchase agreement—one of the few honored worldwide. She noted that the private sector now views the country as a mature market for carbon investment.
As part of this process, 12,000 beneficiaries have already received their share in accordance with a benefit-sharing plan approved by all stakeholders. The goal for the first phase is to reach 30,000 beneficiaries.
The objective of the Emissions Reduction Program (ERP), which runs from 2020 to 2025, is to implement a green development model that provides results-based incentives and alternatives to combat climate change, diversify farmers’ income sources, promote deforestation-free agriculture, protect natural resources, restore forest cover, and preserve biodiversity.
With FAAPA