Report Summary – Informal Working Group for Interim Financing for REDD+
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Report Summary – Informal Working Group for Interim Financing for REDD+

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Presentation by Per Fredrik Pharo, Norwegian Climate and Forest Initiative ...

Presentation by Per Fredrik Pharo, Norwegian Climate and Forest Initiative
Financing for forest and climate change, Forest Day 3
Sunday, 13 December 2009
Copenhagen, Denmark

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  • 1. The Norwegian Climate and Forest Initiative Report Summary – Informal Working Group for Interim Financing for REDD+ Forest Day presentation December 13th, 2009 CONFIDENTIAL AND PROPRIETARY Any use of this material without specific permission of the Norwegian Climate and Forest Initiative is strictly prohibited
  • 2. REDD + could provide one third of cost-effective reduction potential The Norwegian Climate and Forest Initiative |
  • 3. The Norwegian Climate and Forest Initiative |
  • 4. An interim REDD+ partnership can provide the framework for early action and 7 Gt of cumulative reductions already by 2015 ▪ REDD+ has >30% of global abatement potential in 2020 Why? ▪ 7 Gt of cumulative reductions can be achieved by 2015 ▪ Delaying action until 2015 would cost 16 Gt by 2020 How? ▪ Core: Payments for reduced emissions (~90%) ▪ Enabling: Grants for readiness (~10%) ▪ Financial contributions from developed countries: EUR 15– Funding 25 billion 2010–2015 ▪ Flow channels: Bilateral supported by multilateral fund(s) ▪ Largely build on existing institutional structure Institutions ▪ Minimum level of new architecture proposed to fill any gaps ▪ Ensure consistency of standards The Norwegian Climate and Forest Initiative |
  • 5. Early action is critical to achieve emission reduction from REDD+ at scale in 2020 Emission reduction potential as function of REDD+ action 2010-2020 Importance of early action GtCO2e per year reductions ▪ Kick starting REDD+ in 2010 can yield 7 Gt of cumulative emission reductions by 2015 5 Start in ▪ REDD+ cannot deliver ~4 Gt in 2020 without 2010 23 Gt action now 4 – Learning at scale is needed – Incentives a scale is required to achieve actual emission reductions 3 ▪ Significant political lock-in risks if action is Start in delayed 2 7 Gt 2015 ▪ REDD+ early action strengthens trust building between parties to benefit the 1 7 Gt by process of developed countries committing 2015 to pay for reduced emission in developing 0 countries 2010 15 2020 ▪ Early action on REDD+ could also facilitate Assuming a reduction in global deforestation an additional ~2 Gt of emission reduction in rates of 25% over first 5 years of action, then A/R by 2020 ramping up to full emission reduction potential for following 5 years SOURCE: IWG IFR Secretariat The Norwegian Climate and Forest Initiative | 4
  • 6. The Norwegian Climate and Forest Initiative Full report, outreach material and summaries in English, Spanish and French available at: www.miljo.no/iwg For questions, please contact the IWG IFR Secretariat: Per Fredrik Pharo (pip@md.dep.no) Andreas Dahl-Jørgensen (adj@md.dep.no) COP-15 Copenhagen, Denmark December 10, 2009