Lessons Learned & Best Practices | High-Level Political Forum

Issue: Integrating the three dimensions of sustainable development

Year: 2021Income Group: Upper middle incomeSource: VNR

Finding: Originating from the need to implement comprehensive public policies within the framework of implementing the Paraguay 2030 National Development Plan and the Paris Agreement, the project "PROEZA: Poverty, Reforestation, Energy and Climate Change" combines poverty reduction, reforestation, renewable energy, and climate change fighting goals. This project, launched in 2021, supports households living in poverty and extreme poverty that decide to implement reforestation actions through monetary transfers, benefiting more than 17,000 families in 64 municipal districts. In addition, it grants preferential loans to natural and legal persons for investments aimed at generating biomass energy. Both components are complemented by strengthening the national institutions responsible for protecting the environment to guarantee environmental laws compliance. The Green Climate Fund finances the project, technically supported by the World Bank.