Who gains from saving nature
Ledger 1 : 33 — For each dollar financing nature-based solutions in 2023, about $33 financed activities harmful to nature. (UNEP)
Cases / Protected area / relocation · Colombia · 2022–2026

Herencia Colombia (Heritage Colombia): Project Finance for Permanence for protected areas, 2022

Nature's voice · report
Announced pledge covering 32 million hectares; the sources reviewed give no total raised 245 million US dollars were pledged in my name. No one has measured what reached me.
Did nature suffer? Not measured. Accounts differ ↓
Not on record
  • The record does not name which of my species, waters, soils or forests were harmed.
What the record lacks: 4 none on record · 1 insufficient · 1 not measured · 4 disputed · 1 unclear See the gaps
Accounts of the harm differ
How many hectares the initiative covers
  • Government and regulators Ministry of Environment and Sustainable Development (2022): 32 million hectares of protected areas, 16% of the national territory. Ministerio de Ambiente y Desarrollo Sostenible, Colombia
  • Communities and civil society WWF Colombia (February 2023): Nearly 29 million hectares of iconic landscapes and seascapes, equal to about 14% of the Colombian territory. WWF Colombia
  • International bodies Green Climate Fund (March 2023): 32 million hectares, according to WWF-US. Green Climate Fund
What the hectares reported for the GCF project represent
  • Communities and civil society WWF (2024 annual performance report): 172,458 hectares of the Sierra Nevada de Santa Marta park extension are counted as land brought under improved management because management actions will be implemented there, although the extension was approved before the Board approved the project. World Wildlife Fund, Inc., submitted to the Green Climate Fund

Launched on 23 June 2022, Herencia Colombia was announced as a US$245 million first stage to protect 32 million hectares of Colombian protected areas over 10 years. The Green Climate Fund approved a US$43 million grant for the linked project in March 2023; its 2024 annual performance report, submitted by WWF and not yet reviewed by the fund, records 172,458 hectares counted, no emission reductions yet and delays in the government's carbon-tax co-financing.

US$245 millionFunding announced for the first stage of Herencia Colombia, 23 June 2022
Ministry of Environment figure for the first, 10-year stage, covering protected areas of 32 million hectares (16% of the national territory). It is a pledge; the sources reviewed give no total raised.

Status As of the 2024 annual performance report (cover date 1 June 2025): project under implementation; 172,458 hectares and 0 tCO2eq reported cumulatively; carbon-tax co-financing delayed; the report has not undergone GCF review.

What?
A Project Finance for Permanence announced in 2022 to fund the protection and management of Colombian protected areas and landscapes over 10 years, with a linked Green Climate Fund project. Ministerio de Ambiente y Desarrollo Sostenible, Colombia
Where?
Colombia, with five priority mosaics: Caribe, Transición Orinoquía, Andes, Pacífico Marino Costero and Amazonía. Ministerio de Ambiente y Desarrollo Sostenible, Colombia
When?
Announced 23 June 2022; GCF approval 16 March 2023; project effective 14 July 2023; estimated completion 14 July 2033. Green Climate Fund
Who?
Gained
Lost
None on record
Harmed
None on record
Why?
To fund effective protection and management of protected areas, new declarations in line with the 30x30 goal, and community livelihoods. Ministerio de Ambiente y Desarrollo Sostenible, Colombia
How?
A fund combining public and private donor money with government co-financing from royalties and the carbon tax, held by Fondo Patrimonio Natural as Transition Fund manager and released as conditions are met. World Wildlife Fund, Inc., submitted to the Green Climate Fund
6 of 6 questions answered from the record

What happened

The record, in order.

On 23 June 2022 Colombia's Ministry of Environment and Sustainable Development announced Herencia Colombia, which it described as US$245 million for the first stage, covering 32 million hectares of protected areas equal to 16% of the national territory over 10 years. The Ministry listed as founding partners WWF, Conservation International, the Gordon and Betty Moore Foundation, the Wildlife Conservation Society and Fondo Patrimonio Natural; as cooperating partners the Andes Amazon Fund and The Nature Conservancy; and as donors the European Union, FAO, the Green Climate Fund, KfW of Germany and the GEF through the World Bank. The announced goals included declaring new terrestrial and marine protected areas in line with the 30x30 initiative, prioritising five mosaics, declaring two marine areas (Cordillera Beata and Colinas y Lomas Submarinas) and expanding three areas (Malpelo, Yuruparí-Malpelo and Acandí, Playón y Playona). A WWF Colombia overview dated February 2023 described the initiative as a Project Finance for Permanence that "seeks to secure $245 million in public and private funding to permanently protect nearly 29 million hectares", and said that over the first 10 years it would support more than 2 million hectares of new terrestrial protected areas and around 15 million hectares of new marine areas.

The Green Climate Fund (GCF) Board approved the linked project, Heritage Colombia (HECO), FP203, on 16 March 2023. The fund's project page lists a GCF grant of USD 42,974,559 and co-financing of USD 102,177,951 with a total value of USD 145 million; its news item of 21 March 2023 gives the grant as USD 43 million in a total of USD 145.2 million and quotes WWF-US as financing the protection of 32 million hectares. The accredited entity is World Wildlife Fund, Inc., and the executing entities are Fondo Patrimonio Natural and WWF-Colombia. The project page lists anticipated results of 16.9 million people with increased resilience and 46.3 million tCO2e avoided, an estimated completion date of 14 July 2033 and the status "Under implementation".

The 2024 Annual Performance Report for FP203, submitted by WWF with a cover date of 1 June 2025, states that it has passed the fund's completeness check but not a formal review and that its contents are the accredited entity's responsibility. It records that the project became effective on 14 July 2023; that the GCF made its first disbursement of USD 3,328,763 on 26 January 2024; that Fondo Patrimonio Natural received USD 32,777,951 of private co-financing from WWF-US on 10 October 2023, of which USD 374,689 had been executed by the end of 2024; and that the government co-financing executed by the national parks authority through December 2024 was USD 1,448,955. For hectares brought under improved management it reports a cumulative value of 172,458 hectares, the extension of Sierra Nevada de Santa Marta National Park approved by resolution 0136 of 17 February 2023, before the GCF Board approved the project, against a mid-term target of 652,549 hectares and a final target of 5,720,000 hectares. Cumulative emissions reduced, avoided or removed are reported as 0 tCO2eq against a mid-term target of 3,150,000, a final target of 8,900,000 and a lifetime target of 46,300,000.

The report lists three implementation challenges. Start-up requirements caused delays in field activities (impact rated moderate). Changes by the government to the management of carbon-tax funds created, in the report's words, delays "in accessing the carbon tax funds as part of the government's co-finance commitment (and one of two PFP disbursement conditions)" (impact rated high): in March 2024 a new Fund for Life and Biodiversity replaced the earlier arrangements, and a Herencia Colombia proposal was presented to it in November 2024 with approval anticipated in 2025. The project-level grievance mechanism was expected to be established in 2025.

  1. 2022Herencia Colombia announced: US$245 million for the first 10-year stage (23 June)
  2. 2023Sierra Nevada de Santa Marta National Park extension of 172,458.3 hectares approved by resolution 0136 (17 February); GCF Board approves FP203 (16 March); GCF news item (21 March); project effective (14 July); private co-financing of USD 32,777,951 received by Fondo Patrimonio Natural (10 October)
  3. 2024First GCF disbursement of USD 3,328,763 (26 January); Fund for Life and Biodiversity created to manage carbon-tax resources (March); Herencia Colombia proposal presented to it (November)
  4. 20252024 Annual Performance Report submitted (cover date 1 June)
  5. 2033Estimated completion of the GCF project (14 July)

What was said

Claims, in the words of those who made them.

“vamos a utilizar estos recursos para hacer una protección efectiva”

“Hoy es un día histórico para el ambientalismo del país”

“By financing the protection of 32 million hectares of Colombia's most treasured places”

“This is not only a smart project, it's a project with a soul.”

Yannick Glemarec, Executive Director of the Green Climate Fund · 21 March 2023 · Green Climate Fund

“in accessing the carbon tax funds as part of the government's co-finance commitment”

Where accounts differ

Each party's account, side by side, with its source. The record does not settle these points; it shows them.

How many hectares the initiative covers
Government and regulators
Ministry of Environment and Sustainable Development (2022)

32 million hectares of protected areas, 16% of the national territory.

Ministerio de Ambiente y Desarrollo Sostenible, Colombia
Communities and civil society
WWF Colombia (February 2023)

Nearly 29 million hectares of iconic landscapes and seascapes, equal to about 14% of the Colombian territory.

WWF Colombia
International bodies
Green Climate Fund (March 2023)

32 million hectares, according to WWF-US.

Green Climate Fund
What the hectares reported for the GCF project represent
Communities and civil society
WWF (2024 annual performance report)

172,458 hectares of the Sierra Nevada de Santa Marta park extension are counted as land brought under improved management because management actions will be implemented there, although the extension was approved before the Board approved the project.

World Wildlife Fund, Inc., submitted to the Green Climate Fund

How it looked

What was shown, beside what was recorded.

Shown

  • The initiative presented as US$245 million to protect 32 million hectares of protected areas, 16% of the national territory, over 10 years.
    Ministry of Environment and Sustainable Development, Colombia · Ministerio de Ambiente y Desarrollo Sostenible, Colombia
  • The initiative presented as seeking US$245 million to protect nearly 29 million hectares permanently, and as providing long-term funding for priority protected areas.
    WWF Colombia overview, February 2023 · WWF Colombia
  • The GCF project presented as affecting nearly 17 million people living around protected areas and priority corridors and as limiting emissions comparable to removing nearly 10 million cars from the road for a year.
    Green Climate Fund and WWF Colombia, 21 March 2023 · Green Climate Fund

Recorded

In nature's name

What was promised in nature's name, the money that moved, and what was measured.

Promised

  • “seeks to secure $245 million in public and private funding to permanently protect nearly 29 million hectares of iconic landscapes and seascapes” — WWF Colombia, on the Herencia Colombia Project Finance for Permanence (February 2023) WWF Colombia
  • “vamos a utilizar estos recursos para hacer una protección efectiva” — Iván Duque, President of Colombia (23 June 2022) Ministerio de Ambiente y Desarrollo Sostenible, Colombia

Money moved in nature's name

WhatKindAmountPeriod
Funding announced for the first 10-year stage of Herencia Colombia
Government of Colombia, WWF and partners
Ministerio de Ambiente y Desarrollo Sostenible, Colombia
Pledged$245mfirst 10 years from 2022
Green Climate Fund grant for the linked HECO project (FP203)
Green Climate Fund
Green Climate Fund
Pledged$43m2023–2033
Co-financing for the HECO project (FP203)
Co-financiers listed on the GCF project page
Green Climate Fund
Pledged$102m2023–2033
First GCF disbursement to the accredited entity
Green Climate Fund
World Wildlife Fund, Inc., submitted to the Green Climate Fund
Paid out$3.33m26 January 2024
Private donor co-financing transferred by WWF-US to Fondo Patrimonio Natural
WWF-US
World Wildlife Fund, Inc., submitted to the Green Climate Fund
Paid out$33m10 October 2023
Private donor co-financing executed by the executing entities
Fondo Patrimonio Natural and WWF-Colombia
World Wildlife Fund, Inc., submitted to the Green Climate Fund
Spent$0.37mto 31 December 2024
Government co-financing executed by the national parks authority
Parques Nacionales Naturales de Colombia
World Wildlife Fund, Inc., submitted to the Green Climate Fund
Spent$1.45mto December 2024

What was measured

Not measured

No independent measurement of benefit to nature was found. The only results reported are the accredited entity's own, in a report the Green Climate Fund states has not yet been formally reviewed: 172,458 hectares of a park extension approved before the project, and 0 tCO2eq of emission reductions to the end of 2024.

Hectares brought under improved management, cumulative to 2024
172,458
Accredited entity's report; mid-term target 652,549 hectares; final target 5,720,000 World Wildlife Fund, Inc., submitted to the Green Climate Fund
Emission reductions, cumulative to 2024
0 tCO2eq
Accredited entity's report; mid-term target 3,150,000 tCO2eq World Wildlife Fund, Inc., submitted to the Green Climate Fund

Operation Ongoing · GCF project under implementation, estimated completion 14 July 2033. Green Climate Fund

Findings on record

  • Own admission World Wildlife Fund, Inc., accredited entity, in the 2024 Annual Performance Report for FP203 (2025-06-01) · Implementation Challenges, carbon-tax co-financing: “the project faces delays in accessing the carbon tax funds as part of the government's co-finance commitment” World Wildlife Fund, Inc., submitted to the Green Climate Fund

Who gained

Money that reached nature, beside money that stayed elsewhere.

Reached nature or the ground

Not published
No figure published.

Gained elsewhere

Not totalled
Currency: USD · Window: 2022–2033. All figures cover the same period. * Estimate built from cited figures.

Responses on record

  • Government of Colombia (23 June 2022): President Duque said at the launch that the resources would be used for effective protection and that the day was historic for the country's environmentalism; the Ministry set out goals including new terrestrial and marine protected areas. · Ministerio de Ambiente y Desarrollo Sostenible, Colombia
  • World Wildlife Fund, Inc. (1 June 2025): Reported in the 2024 annual performance report that carbon-tax co-financing was delayed, that a proposal was presented to the Fund for Life and Biodiversity in November 2024 and that approval was anticipated in 2025. · World Wildlife Fund, Inc., submitted to the Green Climate Fund
  • Green Climate Fund (21 March 2023; 2025): Approved the project on 16 March 2023; its executive director called it a project with a soul; the fund states the 2024 report is subject to review by its Secretariat. · Green Climate Fund

In court and with insurers

Every proceeding and every insurer decision on record.

Lawsuits and rulings

No court case on record. No court has ruled on this case.

Insurers

No insurer decision on record.

What nature saw

Outcomes measured on the ground, and nature's note.

Nature's report opens this page. Below: further outcomes measured on the ground.

Hectares brought under improved management, cumulative to 31 December 2024
172,458
Accredited entity's own report; park extension approved 17 February 2023, before the project; mid-term target 652,549 hectares
Emissions reduced, avoided or removed, cumulative to 31 December 2024
0 tCO2eq
Accredited entity's own report; mid-term target 3,150,000 tCO2eq
Share of GCF financing disbursed
8%
GCF project page; first disbursement USD 3,328,763 on 24/26 January 2024

What we don't know

Undisclosed, unproven, untried: recorded as data.

Nature

  • Not measured Harm to nature: The record holds no measurement of harm to nature.
  • Disputed How many hectares the initiative covers
  • Disputed What the hectares reported for the GCF project represent

Record

  • Disputed Conflicting: the date of the first GCF disbursement, 24 January 2024 on the project page and 26 January 2024 in the annual performance report.
  • None on record None on record: a total of the US$245 million raised or disbursed to the Project Finance for Permanence; the sources reviewed give the announced amount and the GCF project's figures only.
  • None on record None on record: an independent evaluation of Herencia Colombia or of the GCF project; the GCF report states it has not undergone the fund's formal review.
  • None on record None on record: hectares of new protected areas declared under the initiative since 2022, as reported in a source that could be opened.
  • Disputed Conflicting: the area to be protected. The Ministry (2022) and the GCF news item (2023) give 32 million hectares; the WWF Colombia overview (2023) gives nearly 29 million hectares.
  • Insufficient Unconfirmed: a national parks bulletin of 2026 reportedly stating that the programme contributed to incorporating more than 17 million hectares into the national protected-areas system.
  • Unclear Unclear: the relation between the US$245 million Project Finance for Permanence and the GCF project (USD 42,974,559 grant, USD 102,177,951 co-financing); the sources reviewed do not state how the two sets of figures overlap.
  • None on record None on record: the Ministry's own reported progress on the declaration of new protected areas in the 10-year plan, or any statement by the current government on the initiative.

Did the harm stop?

The sources reviewed record no measured reduction in deforestation or emissions from the initiative; the 2024 report shows 0 tCO2eq cumulative emission reductions against a mid-term target of 3,150,000.

Who paid?

The announced US$245 million is described as public and private funding from the Government of Colombia, WWF and partners, the European Union, the GCF, KfW and others. In the GCF project, the GCF grant is USD 42,974,559, with USD 102,177,951 of co-financing listed on the GCF project page; the annual performance report records USD 32,777,951 of private donor co-financing transferred to Fondo Patrimonio Natural by October 2023 and government co-financing executed by the national parks authority.

Sources

Voices on record: — Company or project✓ Government and regulators— Courts— Press and investigations✓ Communities and civil society— Researchers✓ International bodies

Government and regulators

  1. Con cooperantes internacionales Gobierno garantiza recursos para sus áreas protegidas
    Ministerio de Ambiente y Desarrollo Sostenible, Colombia · 2022-06-23

Communities and civil society

  1. 2024 Annual Performance Report for FP203: Heritage Colombia (HECO), CY2024
    World Wildlife Fund, Inc., submitted to the Green Climate Fund · 2025-06-01

Connected cases

Related matters, and cases linked to this one through the same organisations, with the role each played in both.

Science and environment

Hectare (ha)
A unit of area equal to 10,000 square metres, about 2.5 acres. 100 hectares make one square kilometre.

Places and local terms

Conservancy (Kenya)
In Kenya, land managed by a community or private owners for wildlife alongside grazing, often with outside partners.

Carbon and conservation finance

REDD+
Reducing Emissions from Deforestation and forest Degradation. A UN framework under which forest projects earn carbon credits for deforestation they say they prevented, measured against a projected baseline.

Law and courts

Trustees (natural resource)
Government agencies that act on behalf of the public to recover and spend damages for harm to natural resources.