The Interim Forest Finance Facility (IFFF) using public sector funds to leverage private sector demand for REDD+ and reducing drivers of deforestation ahead of 2020
Organization
Global Canopy Programme (GCP) & United Nations Environment Programme Finance Initiative (UNEP FI). GCP will be responsible for the contractImpacts
Budget
Total 2013-2014:
6 000 000 Norwegian kroner
The IFFF will catalyse large scale public/private sector investments in REDD+ ahead of 2020, and political support for REDD+ in rainforest nations will be maintained .This will help to conserve forests and reform the agricultural drivers of deforestation, which will ultimately reduce the likelihood of dangerous climate change, improve food & energy security and contribute to increased prosperity in rainforest nations.
Outcomes
Outcome 1: An improved understanding of the possible sources of financing for advance commitments on REDD+ and green agricultural commodities, by tropical forest country governments, donor governments and the private sector.
Outcome 2: An improved understanding by the national governments of Brazil and Indonesia, civil society and the private sector, of the business case for creating an IFFF operating in Brazil and Indonesia.
Outcome 3: Support for the creation of an IFFF secured from international or donor country governments.
Implementers
Global Partners: GCP and UNEP-FI; Brazil: Amazon Institute for Environmental Research (IPAM); Indonesia: Fauna and Flora International (FFI)