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Financing Readiness for REDD+: Insights from the FCPF Participants Committee Meeting

This document outlines the discussions and findings from the FCPF Participants Committee Meeting held in Montreux, Switzerland, from June 16-18, 2009. It covers the readiness framework for REDD+, focusing on the development of governance and monitoring mechanisms, consultation processes, and funding requirements for implementing demonstration projects. The meeting identified gaps in current financing efforts, the need for better coordination between stakeholders, and strategies for enhancing funding transparency and efficiency. Key recommendations include establishing an information platform for funding opportunities and using Readiness Preparation Proposals for improved coordination.

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Financing Readiness for REDD+: Insights from the FCPF Participants Committee Meeting

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  1. Forest Carbon Partnership Facility Financing Sources for Readiness outside the FCPF Participants Committee Meeting (FCPF PC3) Montreux, Switzerland June 16-18, 2009

  2. Readiness Definition of the FCPF FCPF Readiness • Organize and Consult • REDD Strategy designed • Reference Scenario developed • Monitoring and Carbon Stock assessment/Inventories: • different tiers and accuracy • Using default factors/existing inventory data • Finance additional inventories, permanent plots • Full assessment for forest degradation Beyond Readiness • Implementation of Demonstration Projects • Legislative and Institutional reforms • Investment phases

  3. Readiness Costs – estimates and proposals • jj *Assessment of RPins, external and WB internal assessment of funding needs of REDD countries, as of November 2008 (not including larger countries)

  4. Financing Gap? • Main differences between early estimates and the estimates in the current R-Plans are cost of MRV (cover more functions that the preparation for carbon stock change detection and reporting) • We also saw a much higher need for consultation and communication expenditures • Outside reviews (UNFCCC technical paper) and internal analysis suggest however that the FCPF contribution can enable an average country to reach readiness, but • Expectations have to be realistic, • There is a need for regional and global support programs • Pre processing images (available to the public), • Regional cooperation/approaches, • Lessons learned from early experiences • Coordination of external finance needs improvements

  5. Committed and pledged funds (incomplete list) *Values from Assessment Report (Norway), Meridian Institute and WB own research

  6. Characteristics of Funding • Most Funding is going into demonstration project preparation, less into preparing the country to become ready for REDD management at a national level • Identified funding gap in RPlans could theoretically be funded by other donors and supporters, but • Funding activities are not made sufficiently transparent • Unequal distribution of funding between countries • National coordination mechanism is not yet in place to communicate priorities to donors • Uncertainty as of how much funding is dedicated towards Readiness Preparation

  7. What could be the role of the FCPF? • Create an Information Platform for funding opportunities: • Work with donors, REDD countries and existing coordination mechanisms (Meridian Institute and others) to create a platform to gather following information: • Type of Grant available • organized by donor and country • Technical background information (funding request & reports) • Implementing partners • Implementation period • Organize Platform as a funding and learning instrument • Request to donors/organizations and countries to respond to questionnaire to be sent out by FCPF over the summer

  8. What could be the role of the FCPF? • 2. Use Readiness Preparation Proposal (former RPlan) as a funding coordination mechanism: • First RPlans have not yet used the document for grant coordination

  9. What could be the role of the FCPF? • 3. Adequate Sequencing of activities at a REDD country level: • Use the R-PP as a planning instrument for sequenced action (so far not adequately used as such) • Concentrate on most important activities first, eg. • Feasibility studies and gap analysis • remote sensing capacity • consultation and REDD awareness • Institutional arrangements, etc. • What are the main issues that need to be solved to create the confidence for early action?

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