Now that much of the basic infrastructure for reducing emissions from deforestation and forest degradation (REDD+) has been established, it’s time to get our finances in order to take the next steps.
A recent report called, Mapping Forest Finance: A Landscape of Available Sources of Finance for REDD+ and Climate Action in Forests provides a new resource for negotiators, policymakers, practitioners, NGOs, and others involved with the implementation of REDD+ and climate action in forests. According to a blog from one the report’s co-authors, the Environmental Defense Fund, this work aims to contribute to understanding around scaling up, coordinating, and allocating funding in a timely, efficient, and effective manner.
With the foundations for REDD+ now in place, attention is shifting to the actions necessary to design and implement REDD+ activities, and moreover, to provide results-based finance through a variety of sources.
Now that many of the early mechanisms for supporting REDD+ in developing countries have been established, it’s time to take a closer look at the financial landscape in a comprehensive manner. This report takes us a step closer by compiling and categorizing the landscape according to phase (readiness, implementation and results-based finance) type, amount, funding mechanism, eligibility criteria, scale, access and scope. By examining the types of financing, from multilateral to private foundations and overlaying them with specific examples of some of the main sources of finance, a more complete picture of the financial landscape is emerging.
For a closer look at the REDD+ financial landscape, challenges and opportunities, please read the full report.
This report was produced by the Environmental Defense Fund and Forest Trends with contributions from IUCN and WWF.