Forest Day 4 voting results: Mitigation

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Forest Day 4 voting results: Mitigation

  1. 1. Mitigation: Can REDD+ finance Mitigation: Can REDD+ financemeet both climate change and  development objectives? Voting results from subplenary key  questions
  2. 2. 1. How should forests be included in a post‐ Kyoto climate agreement?  K li ?1. RED (deforestation only) 5%2. REDD (deforestation and degradation only) (d f dd d l ) 11%3. REDD+ (encompassing conservation, Sustainable Forest 3 REDD+ (encompassing conservation Sustainable Forest Management and carbon stock enhancement) 47%4. REDD++ (including all terrestrial carbon)4 REDD++ (i l di ll t ti l b ) 37%
  3. 3. 2. What is the most significant barrier to scaling‐ up REDD+?  REDD ?1. Lack of a global climate agreement1 Lack of a global climate agreement 49%2. Limited funding commitments2 Limited f ndin ommitments 15%3. Lack of clarity on carbon rights 20%4. Few operational national MRV systems 16%
  4. 4. How important is it to monitor the co‐ benefits of REDD+? 1. Not sufficiently important in relation to the anticipated high  ff l l h dh h transaction costs  5%2. Somewhat important, but not at the expense of the primary  objective of achieving emission reductions 31%3. Very important, even at the expense of some emission  reductions effectiveness  reductions effectiveness 65%
  5. 5. 4. Compared to the relative challenges and opportunities, is the balance of current finance for forests and climate changeth b l f t fi f f t d li t h1. Extremely skewed to mitigation Extremely skewed to mitigation 27%2. Moderately skewed to mitigation 46%3. About right 10%4. Moderately skewed to adaptation 8%5. Extremely skewed to adaptation 8%
  6. 6. 5. What  source of financing is likely to be most effective in ensuring that  REDD+ initiatives are aligned with development  g g p objectives? 1. Domestic finance1 Domestic finance 23%2. Bilateral finance2 Bilateral finan e 9%3. Multilateral finance 47%4. Market‐based finance 20%
  7. 7. 6. What is the biggest immediate challenge in  implementing REDD+ at the sub‐national level i l ti REDD t th b ti ll l1. Securing property rights gp p y g 34%2. Providing employment for rural communities 13%3. Monitoring, reporting and verification of emissions  reductions 17%4. Equitable distribution of net REDD+ revenues to 4 Equitable distribution of net REDD+ revenues to forest‐dependent communities 36%
  8. 8. Thank youThank you

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