Regulation no. 40464-MINAE for the Implementation of the National REDD + Strategy

This regulation defines the National REDD + Strategy. This Strategy will be part of the Forest and Rural Development Program of the National System of Conservation Areas, which will be an instrument that contributes to the fulfilment of the goals of the National Development Plan, Nationally Determined Contributions and current climate policies (National Climate Change Strategy and Action Plan), as well as the National Forest Development Plan 2011-2020, through actions that help to prevent deforestation and degradation of forests, favouring their conservation and sustainable management, and an increase in carbon stocks. The entire REDD + strategy and the actions that are executed must be framed within the National Climate Change Strategy and the sectoral policies on Climate Change.Art. 4 states that the Strategy must be financed with resources that generate their development through market instruments or non-market approaches, through individuals, companies, or public or private entities, national or international.This regulation repeals Executive Decree no. 37352-MINAE of November 2012.