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Financing REDD+: Closing the gap

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Parallel session 2: 16.00-17.30
Al-Areen Ballroom 3

Host/ Co-Hosts
The United Nations Collaborative Programme on Reducing Emissions from Deforestation and Forest Degradation in Developing Countries (UN-REDD) Programme
International Union for Conservation of Nature (IUCN)
United Nations Environment Programme (UNEP)

There is consensus among the international community that fast-start REDD+ funds pledged by Annex 1 countries have not been disbursed to rainforest countries in a timely and strategic manner. Reasons for this are complex and inter-related. However, without predictable, sufficient REDD+ finance, there is a danger that the REDD+ momentum in forest nations might fade. In order to redirect economies away from business-as-usual pathways, forest countries need the assurance that predictable international finance will be available to support them in their transition.

The speakers will focus on the case of REDD+ in highlighting the successes and challenges experienced in financing the transition to a "Green Economy". The panel will also address potential solutions to the current interim financing gap as well as industry perspectives on the conditions required to unlock large-scale, long-term private sector finance.

Moderator
Tim Christophersen, Senior Programme Officer, Forests and Climate Change, United Nations Environment Programme (UNEP)

Panelists

  • Donald Kanak, Senior Fellow, Harvard Law School Program on International Financial Systems; Chairman, Prudential Corporation Asia
  • Thierry Nowaczyk, Product Environment Manager, Airbus
  • Hans Brattskar, Director General and Special Envoy for Climate Change, Norwegian Ministry of the Environment
  • Naoko Ishii, CEO, Global Environment Facility (GEF)
  • Heru Prasetyo, Member of the National REDD+ Task Force; Deputy I (Planning and International Relations),  President’s Delivery Unit for Development Monitoring and Oversight (UKP4)

Rapporteur
Jane Feehan, Natural Resources Specialist, European Investment Bank


Key questions

  • What can realistically be done to narrow the REDD+ finance gap?
  • What should the portfolio of funding options look like, and why?
  • How can the risks related to private sector REDD+ engagement be managed?

Contacts
Iain Henderson
Patrick Wylie

Background reading

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