The World Bank Report No: ISR13405 Implementation Status & Results Chile CL Securitization and Carbon Sinks Project (P111918) Public Disclosure Copy Operation Name: CL Securitization and Carbon Sinks Project (P111918) Project Stage: Implementation Seq.No: 4 Status: ARCHIVED Archive Date: 26-Jan-2014 Country: Chile Approval FY: 2011 Product Line: Carbon Offset Region: LATIN AMERICA AND CARIBBEAN Lending Instrument: Implementing Agency(ies): Fundacion Chile Key Dates Board Approval Date 07-Jul-2010 Original Closing Date 31-Dec-2018 Last Archived ISR Date 10-Nov-2012 Effectiveness Date 07-Jul-2010 Revised Closing Date 31-Dec-2018 Overall Ratings Previous Rating Current Rating Progress towards achievement of PDO Satisfactory Satisfactory Overall Implementation Progress (IP) Satisfactory Satisfactory Overall Risk Rating Low Implementation Status Overview The project has been reviewed and confirmed by the UNFCCC for registry in the Clean Development Mechanism (CDM) in 2012 and in 2013 TCERs were issued, indicating a high degree of rigor and substantial implementation progress. However, emission reduction targets will not be met, mainly due to fires that affected plantations and lower than expected carbon uptake due to low growth rates of trees in the project. Locations Country First Administrative Division Location Planned Actual Chile Not Entered Región del Maule Chile Not Entered Región del Biobío Public Disclosure Copy Key Decisions Regarding Implementation None. Related Projects There are no related projects. Page 1 of 1