REDD and private sector investment

REDD and private sector investment

IUCN NL, through Platform BEE has signed a declaration calling for meaningful action with regards to halting deforestation at the forthcoming UNFCCC climate negotiations taking place in Lima in December. The declaration was developed in collaboration with leading private sector associations representing over 160 international companies and members of civil society

 

The statement calls for urgent progress on creating a strong policy signal for ambitious reduction targets that include REDD+, and in addition, the creation of interim incentives which would help to stimulate and support private sector REDD+ investment during the critical 2015-2020 period - helping to bridge the significant supply and demand gap which currently exists.

 

The declaration is now being sent out to all major REDD+ donor country governments in order to talk further about this declaration but also to build a dialogue about mechanisms such as a an ‘Advance Market Commitment’ or ‘Loan Guarantees’ which could be deployed on the ground using public sector funds to leverage private sector investment through already established multilateral funding bodies such as the Green Climate Fund.

 

 
Country: