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Duncan marsh redd_partnership_18_june_2011
Duncan marsh redd_partnership_18_june_2011
Duncan marsh redd_partnership_18_june_2011
Duncan marsh redd_partnership_18_june_2011
Duncan marsh redd_partnership_18_june_2011
Duncan marsh redd_partnership_18_june_2011
Duncan marsh redd_partnership_18_june_2011
Duncan marsh redd_partnership_18_june_2011
Duncan marsh redd_partnership_18_june_2011
Duncan marsh redd_partnership_18_june_2011
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Duncan marsh redd_partnership_18_june_2011

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  • 1. Characteriza*on  of  Funding   Needs  for  REDD+   Duncan  Marsh   The  Nature  Conservancy   June  18,  2010   REDD+  Partnership  mee*ng  
  • 2. Funding  Needs  -­‐  Overview  •  Priori*es  for  Immediate  Funding   –  Readiness   –  Early  Implementa*on  and  Focused  Demonstra*on   Programs   •  Catalyst  Funds  •  Stabiliza*on  Facility     –  Based  on  stock/flow  approach  to  reference  levels   –  Would  re-­‐allocate  payments  to  countries  based  on   forest  carbon  stocks.   –  Combats  leakage  and  maximizes  par*cipa*on  
  • 3. Readiness  &  Early   Implementa*on  The  future  success  of  REDD+  will  depend  both  on  the   readiness  of  a  porUolio  of  countries  to  par*cipate  in  REDD+   programs  but  also,  cri*cally,  on  proven  demonstra*ons  of   the  concept  at  large  scale.    To  go  beyond  readiness,  however,  countries  would  need  up-­‐ front  capital  to  fund  the  ac*vi*es  that  would  actually  begin   to  reduce  emissions—the  period  between  readiness  and   sale  of  ex-­‐post  tons  of  emissions  reduc*ons  (some*mes   called  the  “missing  middle”).    Create  a  bridge  to  pay-­‐for-­‐performance  and  private   investment  –  funding  that  will  be  needed  beyond  public   funding  sources  in  the  future  to  reach  the  goal  of  halving   deforesta*on  by  2020    
  • 4. Insights  from  Early  Implementa*on   •  How  to  fundamentally  change  forest  sector  dynamics   –  important  component  of  low  carbon  development  strategies   •  How  to  measure  and  verify  emissions  reduc*ons  with  high   environmental  integrity   •  Involving  communi*es  and  equitably  sharing  incen*ves  and   benefits  with  key  stakeholders   •  Inclusion  of  social  and  environmental  safeguards     •  Crea*ng  the  necessary  legal  and  ins*tu*onal  arrangements  for   carbon  ownership  and  delivery     •  Leadership  and  management  structures  of  REDD+  programs   •  Effec*ve  financing  structures     •  Build  confidence  on  all  sides  
  • 5. Elements  of  Readiness  &  Implementa*on  
  • 6. Stabiliza*on  Facility  Based  on  Stock/Flow  Approach:  1.  Countries  that  reduce  their  flow  of  emissions  from   deforesta*on  and  degrada*on  would  be  eligible   for  payments  as  part  of  the  results-­‐based  (or   “third”)  phase  of  REDD+.       –  Might  include  market,  market-­‐linked,  and  non-­‐market   sources.    2.  A  por*on  of  payments  for  emissions  reduc*ons   would  be  put  into  a  “stabiliza*on  fund”  that  would   re-­‐allocate  payments  to  countries  based  on  forest   carbon  stocks.    
  • 7. Stabiliza*on  Facility  (cont.)  •  Investment  in  na*onal  plans  based  on  forest  carbon   stocks:   •  forest  protec*on   •  sustainable  development  •  Funding   •  Secng  aside  a  por*on  of  payments  for  REDD+  Ers   o  Should  reflect:  a)  poten*al  scale  of  interna*onal  leakage;  and     b)  the  goal  to  maximize  par*cipa*on     •  Could  be  complemented  by  support  from  public  sources  •  While  the  quan9ty  of  stabiliza*on  funds  would  be  base   on  stocks,  eligibility  to  receive  those  funds  would  be   based  on  stabilizing  emissions  below  designated  levels  
  • 8. Funding  Needs  over  Time  Different  ac*vi*es  need  different   funding  sources  at  different  *mes   Poten2al  REDD  Implementa2on  Costs  •  Readiness:  Capacity  building,   (US$  Billions)   $60 na*onal  strategies,  reference   levels,  monitoring  systems,   $50 stakeholder  engagement   $40 Full  Implementa*on  •  Early  Implementa2on:  Up-­‐front   $30 funding  for  ac*vi*es  that  reduce   $20 emissions   $10•  Stabiliza2on:  Funding  for   $0 conserving  forests  without   historical  threats   Readiness  •  Full  Implementa2on:     Stabiliza*on   Measurable,  reportable  and   Early  Implementa*on   verifiable  emissions  reduc*ons  
  • 9. Funding  flows  over  *me  For  more  informa*on  on  the  Stabiliza*on  Facility  proposal,  please  refer  to:    hgp://www.theredddesk.org/resources/reports/establishing_efficient_equitable_and_environmentally_sound_reference_emission_leve  
  • 10. Thank  You  dmarsh@tnc.org  

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