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FORESTS REPORT DURBAN - FINAL

11-Dec-2011

REDD FINANCE: WIDE VARIETY, POSSIBLE MARKETS

 
FORESTS REPORT DURBAN – SUNDAY 11 DECEMBER - FINAL
from the Ecosystems Climate Alliance
 
REDD FINANCE: WIDE VARIETY, POSSIBLE MARKETS
 
REDD+ report for Sunday 11 December
Reducing Emissions from Deforestation and forest Degradation and the role of conservation, sustainable management of forests and enhancement of forest carbon stocks in developing countries
 
Background:
·         REDD text in LCA document L.4 on Saturday did not contain compromise finance language. Instead, 7 options for REDD finance sources were left to be considered next year.
 
Developments in Saturday Night’s LCA Plenary
·         Compromise text was read into final document by the LCA Chair during the final plenary and appears as paragraphs 65-68 on pages 12-13 of the final LCA outcome at: http://unfccc.int/files/meetings/durban_nov_2011/decisions/application/pdf/cop17_lcaoutcome.pdf
 
·         Wide variety of finance sources:
·         65. Agrees that results-based finance provided to developing country Parties that is new, additional and predictable may come from a wide variety of sources, public and private, bilateral and multilateral, including alternative sources;
 
·         Possible market based approaches
·         66.  Considers that, in the light of the experience gained from current and future demonstration activities, appropriate market-based approaches could be developed by the Conference of the Parties to support results-based actions by developing country Parties referred to in paragraph 73 of 1/CP.16, ensuring that environmental integrity is preserved, and the provisions of appendix I and II to Decision 1/CP.16 are fully respected and should be consistent with relevant provisions of decision 1/CP.16, decision XX/CP.17 (SBSTA) and any future decision by the COP on these matters;
 
·         Safeguards loosely tied to finance
·         63. Agrees that, regardless of the source or type of financing, the activities referred to in decision 1/CP.16, paragraph 70, should be consistent with the relevant provisions included in decision 1/CP.16, including the safeguards in its appendix I, in accordance with relevant decisions of the Conference of the Parties;
 
The Ecosystems Climate Alliance is comprised of eleven NGOs and a variety of affiliate organizations and individuals committed to keeping natural terrestrial ecosystems intact and their carbon out of the atmosphere. CONTACT: Don Lehr on +1 917 304 4058.
 

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