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FCPF makes headway towards a future with REDD+

Donor countries show commitment with over $100 m in new pledges

Yesterday, at the Forest Carbon Partnership Facility's third Participants Assembly meeting taking place in Washington DC, a number of countries announced new pledges to the two funds that make up the Partnership - the Readiness Fund and the Carbon Fund. Germany announced an additional € 4m to its previous commitment of € 50m.

"This pledge is an expression of our continued support for this pilot initiative, which we see as a building block to mitigating climate change as well as an important vehicle to preserve biodiversity and pursue the Millennium Development Goals - top priorities for German development cooperation" said Mr. Daniel Haas, Deputy Head of the Environment Division at the Ministry for Economic Cooperation and Development (BMZ).

Furthermore, Norway pledged US$50 m to the Carbon Fund over several years and Finland pledged €4m, both on the condition that it is approved by the parliaments of their respective countries.

These commitments come in addition to the Participation Agreement just completed with the United States for US$ 10m for the Carbon Fund and a recent pledge by Canada of CAN$ 40m for the Readiness Fund.

The Participants Assembly is meeting to review the past year's activities and to discuss strategic directions for the year ahead, including participation in knowledge sharing on key REDD+ issues and fostering cooperation amongst REDD+ initiatives.

“We had a very good meeting with lots of rich discussion on progress made to date, and where we wish to go under the Partnership”, Ms. Kushla Munro, Director, International Forest Carbon, Australia and co-Chair of the Participants Assembly.

Jorge Mario Rodríguez, representing Costa Rica, added that the Participants Assembly provided an opportunity for countries to define clear rules for a future with REDD+ and recognized the importance of the FCPF in mobilizing critical funding for REDD+ countries.

The Participants Assembly is followed by two days of meetings by the Participants Committee, which meets three times a year to discuss and assess REDD+ Readiness proposals submitted by the participating REDD countries. This year, Lao PDR and Tanzania are presenting their formal Readiness Preparation Proposals (R-PPs); Vietnam and Ethiopia are making informal country presentations; Madagascar and Peru are presenting progress reports on their R-PP development.

Agenda 

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For more information contact Ms. Isabel Hagbrink at ihagbrink@worldbank.org 

For FCPF-related matters in Latin America and the Caribbean Region contact Ms. Carolina Hoyos at mhoyoslievano@worldbank.org




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