Finance for REDD+ - European Forest Institute
Transcription
Finance for REDD+ - European Forest Institute
Finance for REDD+ Kate Dooley FERN EU REDD projects coordination meeting July 2012 Une ONG œuvrant pour une plus grande justice sociale et environnementale, en se focalisant sur les forêts et les droits des populations de ces régions au sein des politiques et des pratiques de l'Union européenne. Financing sustainable land use • REDD was initially conceived with the expectation of long term finance from carbon trading • Ideas that go beyond carbon trading are needed for financing sustainable land-use • As well as actions to end the financing of destructive land use • And recognise the limits to financial incentives Trends in the global carbon market After five consecutive years of robust growth, the total value of the global carbon market stalled in 2010 at $142 billion …voluntary markets are an infinitesimal fraction of global carbon market (0.02% by volume; 0.01% by value) Forest carbon markets are “unworkable as currently constructed” ‘REDD+’ finance requires more than a single model • public/private credit for sustainable land use • development assistance for forest communities • a facility for financing land tenure reform • demand-side incentives such as FLEGT, at geographical scales Public investment can enable sustainable outcomes Incentivising investment in REDD+ actions: • Low cost loans / loan guarantees • Tax incentives / concessions • Bonds / off-taker guarantees (securitisation) Only if public investment is used as an enabler for ensuring sustainable outcomes Sustainability: Will mitigation efforts last longer than performance based payments? Resilience, biodiversity, adaptative potential: Social legitimacy Preparing forests for climate change impacts, preventing fires and erosion, buffering rain Benefit sharing, governance, land tenure, alternative livelihood strategies. Securing vital ecosystem services: food, water, energy Clarification of rights, duties and liabilities Changing the economic rationale in land use Consistency between addressing the drivers and planning for the provision and consumption of goods and services in a low C development pathway Cost efficiency Questions for discussion? • Public and private institutional investment • Lessons from projects on sustainability outcomes and monitoring of these • Land use beyond forests – addressing the drivers (agriculture; infrastructure; energy) You will also find more information about REDD and FLEGT and other related issues at http://www.fern.org/ If you would like to receive further information about the REDD and FLEGT processes and how they are being implemented, please contact Kate Dooley t +32 (0) 2 894 46 98 e [email protected] Une ONG œuvrant pour une plus grande justice sociale et environnementale, en se focalisant sur les forêts et les droits des populations de ces régions au sein des politiques et des pratiques de l'Union européenne.