Unlocking Finance for REDD+ Through Research and Convening
Organization
Center for Global Development (CGD)
Activities under this agreement were discontinued/will be discontinued as of 01 July 2018, at the request of the agreement partner. The project activities will be continued under Earth Innovation Institute’s project.
Finance for REDD+ is currently too low, too slow, and too dependent upon development aid, the Center for Global Development (CGD) argues. Therefore, this project will conduct independent research and convene solutions-oriented working groups to elevate the priority of forests in non-forest development sectors, build confidence in performance-based methods, and diversify funding sources for REDD+.
Why
Finance for REDD+ is currently too low—only around US$1billion/year when at least an order of magnitude more is needed to halve deforestation by 2020 and end it by 2030. It is too slow—recipient countries routinely encounter lengthy bureaucratic hurdles to access multilateral and even bilateral funds. And it is too dependent upon development aid—around 90% of REDD+ finance comes from public funds, with the remainder from voluntary markets.
Budget
Norad intended to offer NOK 25 million in total for the period 2016-2018.
Activities under this agreement were discontinued as of 01 July 2018, at the request of the agreement partner.
The project activities will be continued under Earth Innovation Institute’s project.
What: Research and convening to support decision-makers in developed countries
CGD-affiliated scholars conduct original, independent research and convene solutions-oriented working groups. These outputs will be communicated through publications, blogs, events, and meetings with development and climate decision-makers in rich and emerging donor countries, leading to increase in performance-based finance for REDD+. CGD’s theory of change of informing the influential via non-partisan research is reflected in 15 years of successes such as debt relief and advance market commitments for vaccines.
Expected results: Contribute to an increase in global results-based financial flow for REDD+
Increased financial flows are expected to lead to cost-effective and verifiable reductions in greenhouse gas emissions from deforestation and forest degradation in developing countries, thus reducing climate change, the impacts of which will be felt most severely by the world’s poorest people and most vulnerable nations.
Partners: Not applicable.
About the project descriptions
The project descriptions give insight in the NICFI portfolio for civil society organisations supported by Norad.
The descriptions presented are written by the project partners. Only minor edits have been undertaken by Norad. Their presentations and conclusions do not necessarily reflect the views of Norad.