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Home / Resource / Stimulating Interim Demand for REDD+ Emission Reductions: The Need for a Strategic Intervention from 2015 to 2020

Resource Document

Stimulating Interim Demand for REDD+ Emission Reductions: The Need for a Strategic Intervention from 2015 to 2020

Details

Date: 29 Jan, 2014
Author: The Global Canopy Programme (GCP), the Amazon Environmental Research Institute (IPAM), Fauna & Flora International (FFI) and the UNEP Finance Initiative (UNEP)
Country: Global
Subject: AFOLU, Climate Finance, Forestry
Type: Reports and Studies

          In this report, the UNEP Finance Initiative (UNEP-FI) and partners propose strategic actions to scale-up public and private sector demand for REDD+ investments over a five-year period. The report seeks to address the current gap between supply and demand, which is resulting in early movers providing significantly less financing than current project proposals could consume.

        The report notes that the fast start finance (FSF) period (2010-2012), agreed by parties to the UN Framework Convention on Climate Change (UNFCCC) in 2009, resulted in pledges of US$4.5 billion. However, it stresses that these pledges need to be scaled-up to meet the expected costs of between US$4 and 48 billion in the interim period (the period between FSF and long-term finance, which will start in 2020). In order to achieve such financing, the report calls for the establishment of a performance-based financial incentive with clear price signals must in order to reduce REDD+ financing risks. Furthermore, it stresses that a strategic intervention to stimulate demand is necessary and should build on existing institutions, mechanisms and funds.

       The strategic intervention, according to the report, could consider how capital can be generated, deployed and managed in order to reduce risk and promote diverse investments in REDD+.

 

Read the full report at: http://www.unepfi.org/fileadmin/documents/IFF_Report_-_Stimulating_Interim_Demand_for_REDD_Emissions_Reductions.pdf

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The Asia LEDS Partnership Steering Committee includes:

Swiss Agency for Development and Cooperation (SDC)
Department of International Cooperation, Ministry of Economic Affairs, Chinese Taipei
Global Green Growth Institute (GGGI)
U.S. Agency for International Development (USAID)
National Renewable Energy Laboratory, USA
Leadership for Environment and Development (LEAD), Pakistan
International Climate Development Institute (ICDI), Chinese Taipei
The International Centre for Climate Change and Development (ICCCAD), Bangladesh
Ministry of Planning and Investment,  Vietnam
Ministry of Environment, Department of Climate change and International Relations, Mongolia
Climate Change Commission, Philippines
Climate Change Secretariat, Ministry of Mahaweli Development and Environment, Sri Lanka
Programming Division, Planning Commission, Bangladesh
ICF International
Organisation for Economic Co-operation and Development (OECD)
United Nations Environment Programme
UN Economic and Social Commission for Asia and Pacific (ESCAP)
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