Going into the final REDD+ SBSTA meeting today, Brazil and U.S. appeared to be too far apart as they could not agree on finance and monitoring, reporting, and verification (MRV) issues. Because of this rift in perspectives, it looked like the draft decision would have to be sent to COP bracketed, where it could be punted to the next SBSTA, or solved politically next week with ministers.
THEN…Papua New Guinea said they would like to caucus in the back of the room with other developing nation representatives. After the caucus and some procedural moves, Brazil said on behalf of Papua New Guinea that it could move the finance-related text that it was concerned with to the preamble [a major concession, and the right thing to do since finance is an LCA thing]. The U.S. said it could work with the G77 nations’ proposal and was thankful [At this time it looked like a major VICTORY for REDD+].
AND THEN… Norway said it needed verification to stay in the final text and if that was going to be questioned it would waste everyone’s time. Brazil then huddled with Norway [they have a $1B REDD+ deal, the largest in world], and after some discussion, the countries reported that their red lines were too far apart.
THUS…The session ended with the decision punted to the COP president for battle next week.