Stimulating interim demand for REDD+ emission reductions: the need for a strategic intervention’ from the Interim Forest Finance project

A new report titled ‘Stimulating interim demand for REDD+ emission reductions: the need for a strategic intervention’ from the Interim Forest Finance project – a collaboration of the Global Canopy Programme, the Amazon Environmental Research Institute, Fauna & Flora International, and UNEP Finance Initiative  - has been launched and calls for a US$12bn boost for pre-2020 emission reductions from forests and land use.

 

To download a copy of the report click here.

 

If global deforestation levels are to be reduced by 50% by 2020, as much as 9,900 MtCO2 of emission reductions from forests and land use activities will need to be generated between 2015 and 2020. The report highlights that currently total potential demand for REDD+ emission reductions in the same period amounts to only 253 MtCO2 - less than 3% of the emission reductions needed.

 

If REDD+ is to play a significant role in incentivising a reduction in deforestation in tropical forest countries, it needs to provide far more than 3% of demand for the emission reductions that are causing deforestation and degradation.

 

The report authors argue that ignoring this gap will leave little incentive for tropical forest countries to divert resources towards REDD+ prior to 2020, or for the private sector to invest in REDD+ projects.

 

To avoid these risks, the report advocates that donor country governments, tropical forest country governments and public financial institutions work together to provide incentives, finance and technical assistance to effectively bridge the supply and demand gap.

 

For more Information, please contact:

 

Global Canopy Programme
23 Park End Street, Oxford, OX1 1HU, United Kingdom
T: +44 (0)1865 724 333 
info@globalcanopy.org 
www.globalcanopy.org @GlobalCanopy

 

 

Go back

CBFP News

WWF: Rainforest deforestation more than doubled under cover of coronavirus -DW

Tropical rainforests shrank by 6,500 square kilometers in March — an area seven times the size of Berlin. Criminal groups are taking advantage of the pandemic and the unemployed are getting desperate, the WWF said.

Read more …

Nouabalé-Ndoki National Park Monthly update April 2020

"At a time when many countries are beginning their gradual deconfinement and when there is a glimmer of hope on the horizon of returning to normal life, I wanted to share with you some good news that also fills us with hope for the future of the Nouabalé-Ndoki National Park."

Read more …

Resources and follow-up from the virtual FAO-EcoAgriculture Partners Roundtable

Last April 30th FAO and EcoAgriculture Partners organized a virtual Roundtable on Territorial Perspectives for Development, in which over 170 people participated.

Read more …

ATIBT -CBFP: Private Sector mobilized around the CBFP Facilitator of the Federal Republic of Germany

ATIBT co-facilitated the mobilization of the private sector of the timber sector to participate in the first meeting of the private sector college of Congo Basin Forest Partnership with the new facilitator Dr Christian Ruck and his team German Facilitation.

Read more …

Development and institutionalization of a PAFC certification system for the Congo basin: opening of the second public consultation on Sustainable Forest Management Certification Standard, 23 May 2020 - 22 June 2020

This second public consultation will be open for a period of 30 days from tomorrow Saturday the 23rd of May 2020 and will be closed on Monday the 22nd of June 2020. The public consultation is open to all stakeholders of forest management in the Congo Basin interested in participating to the PAFC Congo Basin certification standards development process.

Read more …

Forest defenders on the COVID-19 frontline stand ready to assist the global EU response – Fern

These efforts go hand in hand with ensuring continued responsible management of natural resources and preventing unsustainably and illegally sourced forest commodities. In the Democratic Republic of Congo, forest-monitoring organisations Observatoire de la Gouvernance Forestière (OGF) and Réseau des observateurs indépendants des ressources naturelles (RENOI) are set to carry out COVID awareness-raising in at-risk forest areas, and will also assess COVID’s impact on forest management and governance commitments under the Central African Forest Initiative (CAFI). Across the Congo Basin, fears that a proper lack of oversight may put forests and forest peoples in danger are looming despite emerging initiatives.

Read more …

22 May 2020 International Day for Biological Diversity

The theme of the 2020 International Day for Biological Diversity is “Our Solutions are in Nature”. It shows that "Biodiversity remains the answer to a number of sustainable development challenges that we all face. From nature-based solutions to climate, to food and water security, and sustainable livelihoods, biodiversity remains the basis for a sustainable future."

Read more …

CBFP News Archive

2021

There are no news items for this period.