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Overseas Development Institute - Heinrich Böll Stiftung North America
Nov. 12, 2017, 1:10 a.m.
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.
Forestry and land use