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Climate Finance Fundamentals - REDD+ Finance

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Overseas Development Institute - Heinrich Böll Stiftung North America

Nov. 12, 2017, 1:10 a.m.

Content

Since 2008, USD 4 billion has been pledged to five multilateral climate funds that support efforts to reduce emissions from deforestation and degradation plus conservation (REDD+). Despite strong interest in the potential to harness market based mechanisms to support REDD+
programmes, the future of such mechanisms remains highly uncertain. The last year has seen few approvals for REDD+, although there has been some progress in disbursement. While since 2008, USD 2 billion has been approved for REDD+ activities just USD 17 million has been approved in the last 12 months. Norway is the largest contributor of REDD+ finance, followed by the UK, Germany and the United States. There have been some significant changes in the REDD+ finance architecture and increasing efforts to support developing countries’ move beyond readiness and capacity building to demonstration programmes and emission reductions with payments based on verified results.

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Region

Global

Country

Sector

Forestry and land use

Subject

Financial instruments

Type of material

Document

Language

English