REDD-plus finance has received a lot of attention over the last years. This Brief describes the funding initiatives in support of this major international mitigation strategy and raises some ongoing challenges for the equitable delivery of climate finance.
Seven major bilateral and multilateral funding initiatives have been recently created to support Reduce Emissions from Deforestation and Forest Degradation plus conservation (REDD+). Brazil has received the largest volume of REDD+ finance through its Amazon Fund. Public and private finance may be able to play complementary roles in delivering REDD+ finance: while public sources are essential in the initial preparation stages, the private sector may play a role in financing REDD+ implementation. The total finance needed for REDD+ is highly sensitive to the agreed level of payments to developing forest countries per tonne of reduced or avoided emissions. Concerns over the scope of REDD+ financing, benefit sharing, effective stakeholder participation and the need for safeguards to avoid negative environmental and social impacts persist.
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