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Forests & REDD

Forests & REDD
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Keywords: DR Congo, climate change, climate finance, forestry, REDD+

Schlagwörter: DR Kongo, Klimawandel, Klimafinanzen, Waldschutz, Forst, REDD+



Since 2008, USD 2.89 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 and the extent to which REDD+ will be featured in the 2015 Paris Agreement remains to be seen. The last year has seen very little in new pledges of support for REDD+. There have, however, been some significant changes in the REDD+ 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. Norway is the largest contributor of REDD+ finance, followed by the UK, Germany and the United States. Through REDD+ funds, USD 1.3 billion has been approved for REDD+ activities since 2008 with a 21% increase in the levels of finance approved in the last 12 months. African Development Bank administered Congo Basin Forest Fund (CBFF) focus on financing REDD+.  

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