Wednesday, October 21, 2009
The latest hope for a breakthrough in international climate change negotiations happened this past week in London. There was some progress overall and more signals that some funding mechanism for REDD must be kick-started before the compliance market arrives....see below excerpt from the official communication.
At a dinner of the Leaders’ representatives, it was noted that developing countries are developing ambitious REDD+ plans and financing their own efforts. The need for urgently and significantly scaled up international finance for REDD+ was discussed, ahead of linkage to the market. Such finance could be for capacity building, to leverage private sector investment and for payment by results, accommodating different national circumstances. It was suggested that existing institutions propose investment instruments and how to improve coherence.
For more background, please see: