The World Bank Implementation Status & Results Report
TAÏ NATIONAL PARK AREA EMISSION REDUCTIONS PAYMENTS PROJECT (P170309)
TAÏ NATIONAL PARK AREA EMISSION REDUCTIONS PAYMENTS PROJECT (P170309)
WESTERN AND CENTRAL AFRICA | Cote d'Ivoire | IBRD/IDA | Investment Project Financing (IPF) | FY 2021 | Seq No: 9 |
Archived on 11-Oct-2024 | ISR00813
Implementing Agencies: SEP-REDD+
1. OBJECTIVE
1.1 Development Objective
Original Development Objective (Approved as part of Approval package on 27-Oct-2020)
The development objective is to make payments for measured, reported and verified Emission Reductions (ER) from
reduced deforestation in the Taï National Park Area and distribute ER payments according to an agreed Benefit Sharing
Plan.
Has the Development Objective been changed since Board Approval of the Project Objective?
No
2. COMPONENTS
Name
ERPA:(Cost 0.00)
3. OVERALL RATINGS
Name Previous Current
Progress towards achievement of PDO Moderately Satisfactory Satisfactory
Overall Implementation Progress (IP) Satisfactory Satisfactory
Overall Risk Rating Substantial Substantial
4. KEY ISSUES & STATUS
4.1 Implementation Status and Key Decisions
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The World Bank Implementation Status & Results Report
TAÏ NATIONAL PARK AREA EMISSION REDUCTIONS PAYMENTS PROJECT (P170309)
The Government accessed its first ERPA payment, amounting to approximately USD$35 million for 7 million ton of CO2eq
of verified ERs. The payment was successfully issued on June 6, 2024. This marks a significant achievement given that 70%
of the total contractual ERs of 10 million ton of CO2eq have been met.
This was made possible following the finalization of the validation and verification of the first Emission Reductions
Monitoring Report by an independent third-party entity and meeting all the other prerequisites, including (a) finalizing
the first Emission Reductions Monitoring Report and associated annexes on the implementation of the Benefit Sharing
Plan (BSP), on the implementation of the safeguards plans, and on non-carbon benefits; (b) submitting the list of
authorized signatories of the ER transfer form (c) submitting the list of government representatives who will manage the
Carbon Assets Tracking System (CATS) to register and track ER units generated under the project; (d) signing the ER
transfer form which included confirmation of the final number of ERs and the equivalent dollar amount; (e) uploading ERs
data and equivalent USD payment in CATS; and (f) setting up client connection and submitting the Withdrawal
Application.
5. SYSTEMATIC OPERATIONS RISK-RATING TOOL
Last Approved Rating
Risk Category Rating at Approval ISR Seq. 08 - 28 Dec Proposed Rating
2023
Political and Governance Substantial Substantial
Macroeconomic Low Low
Sector Strategies and Policies Low Low
Technical Design of Project or Program Moderate Moderate
Institutional Capacity for Implementation and
Substantial Substantial
Sustainability
Fiduciary Substantial Moderate
Environment and Social Moderate Moderate
Stakeholders Substantial Substantial
Overall Substantial Substantial
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The World Bank Implementation Status & Results Report
TAÏ NATIONAL PARK AREA EMISSION REDUCTIONS PAYMENTS PROJECT (P170309)
6. RESULTS
6.1 PDO Indicators by PDO Outcomes
Baseline Actual (Previous) Actual (Current) Closing Period
Indicator Name
Value Month/Year Value Date Value Date Value Month/Year
Volume of GHG Emissions 7,016,884 14-Jun-2024 7,016,884 14-Jun-2024
Reductions that have been
measured and reported by
the Program Entity, verified
by a Third Party, and
transferred to the FCPF
Carbon Fund (Metric ton)
Payment by the FCPF Carbon 0.00 Oct/2020 0.00 21-Jul-2023
Fund for GHG ERs generated
by the TNP ER payments
project (Amount(USD))
Emission Reductions No 21-Jul-2023
payments distributed in
accordance with agreed BSP
and arrangements (Yes/No)
6.2 Intermediate Results Indicators by Components
Not Categorized
Indicator Name Baseline Actual (Previous) Actual (Current) Closing Period
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The World Bank Implementation Status & Results Report
TAÏ NATIONAL PARK AREA EMISSION REDUCTIONS PAYMENTS PROJECT (P170309)
Value Month/Year Value Date Value Date Value Month/Year
Volume of GHG Emissions 0.00 21-Jul-2023
Reductions that have been
measured and reported by
the Program Entity, verified
by a Third Party, and
transferred to the FCPF
Carbon Fund (Metric ton)
Payment by the FCPF Carbon 0.00 21-Jul-2023 50,000,000.00 Dec/2024
Fund for GHG Emission
Reductions generated by the
Tai National Park ER Program
(Amount(USD))
Emission Reductions NA 27-Jun-2024 NA 27-Jun-2024
payments distributed in
accordance with agreed BSP
and arrangements (Yes/No)
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The World Bank Implementation Status & Results Report
TAÏ NATIONAL PARK AREA EMISSION REDUCTIONS PAYMENTS PROJECT (P170309)
7. DATA ON FINANCIAL PERFORMANCE
7.1 Cumulative Disbursements
7.2 Disbursements (by loan)
Loan/Credit/TF Status Original Revised Cancelled Disbursed Undisbursed % Disbursed Historical
Disbursed
TF-B4078 Effective 2.50 2.50 0.00 1.88 0.62 75.25% 2.50
TF-B4077 Effective 47.50 47.50 0.00 33.20 14.30 69.90% 47.50
7.3 Key Dates (by loan)
Loan/Credit/TF Status Approval Signing Effectiveness Orig. Closing Rev. Closing
TF-B4077 Effective 28-Oct-2020 30-Oct-2020 18-Feb-2022 31-Dec-2025 31-Dec-2025
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The World Bank Implementation Status & Results Report
TAÏ NATIONAL PARK AREA EMISSION REDUCTIONS PAYMENTS PROJECT (P170309)
TF-B4078 Effective 28-Oct-2020 30-Oct-2020 18-Feb-2022 31-Dec-2025 31-Dec-2025
8. KEY DATES
Key Events Planned Actual
Approval 02-Dec-2020 28-Oct-2020
Effectiveness 18-Feb-2022 18-Feb-2022
Mid-Term Review No. 01 30-Sep-2024
Operation Closing/Cancellation 31-Dec-2025
9. RESTRUCTURING HISTORY
10. ASSOCIATED OPERATION(S)
There are no associated operations
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