REDD+ Finance Workshop, Antigua, Guatemala September 17-18

REDD+ Finance Workshop, Antigua, Guatemala September 17-18
REDD+ can provide access to cost-effective greenhouse gas mitigation opportunities, help arrest the current alarming rate of biodiversity loss from forests, and reduce the huge emissions of greenhouse gases caused by deforestation and forest degradation that account for between 10 to 17 percent of annual man-made carbon emissions. Predictable long-term finance is needed to incentivize conservation and sustainable use of forests, protect biodiversity, and support local communities whose livelihoods are linked to forests.

The USAID-funded Central America Regional Climate Change Project (RCCP), FCMC, Inter-American Development Bank (IDB), and the UN-REDD Programme are supporting a series of two workshops titled “Central America: REDD+ Finance Options and the Links to National REDD+ Strategies and Climate Negotiations”. The first workshop: “Building Multi-Source REDD+ Financing Strategies that Link Subprograms to National REDD+ Strategies” was held in Guatemala on September 17th and 18th. The purpose of this workshop was to assist countries in Central America with developing REDD+ financing plans for the implementation of national REDD+ strategies. The workshop covered a range of REDD+ related funding sources, financial instruments, and markets that can contribute to a REDD+ financing plan. Workshop participants heard from a number of national and international experts on various aspects of REDD+ finance.

FCMC supported the development of a background paper titled “Financial Planning for National REDD+ Programs,” which is expected to be released later this year, and the two speakers – Leslie Durschinger and Nicholas Linacre. Ms. Durschinger spoke on defining the components of a REDD+ National Strategy Financing Plan and Private Sector Investors. Dr. Linacre spoke on Trends in Voluntary and Compliance REDD+ Emissions Markets, including the preliminary results of a forthcoming FCMC publication assessing potential supply and demand from REDD+ from 2015 - 2025.

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