IWG IFR Secretariat Establishing an Interim REDD Partnership
IWG IFR Secretariat Establishing an Interim REDD+ Partnership Findings from the Informal Working Group on Interim Finance for REDD+ (IWG IFR) Andreas Dahl-Jørgensen IWG IFR Secretariat Norwegian Climate and Forest Initiative Ministry of Environment “Making REDD Work” Side-event, COP-15 Copenhagen, Denmark December 10, 2009
REDD + could provide one third of cost-effective reduction potential IWG IFR Secretariat | 1
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EUR 2 billion needed on average over first 3 years to get going IWG IFR Secretariat | 4
Early action on REDD + is critical to achieve emission reduction from forestry at scale in 2020 Importance of early action ILLUSTRATIVE Emission reductions as function of REDD+ implementation Gt. CO 2 e per year 2010– 2020 reductions ▪ REDD+ cannot deliver ~4 Gt in 2020 without action now ▪ Preserves invaluable biodiversity ▪ Builds trust in the negotiations ▪ Start in 2010 23 Gt Start in 2015 Facilitates action on afforestation and reforestation 7 Gt by 2015 2010 7 Gt 15 2020 Assuming a reduction in global deforestation rates of 25% by 2015, and 50% by 2020 SOURCE: Mc. Kinsey Global GHG Cost Curve 2. 0; IWG IFR Secretariat | 5
Performance- based REDD+ partnerships are already starting up Brazil’s Amazon Fund Country circumstance Objective • High Forest Cover • HIGH Deforestation • High Forest Cover • LOW Deforestation • Reduce deforestation by 80 • Retain and potentially further Financial mechanism Current commitments reduce low deforestation and degradation rates percent by 2020 compared to 1996 -2005 levels • Private fund created by Set-up Guyana’s REDD+ Investment Fund • government of Brazil Managed by the Brazilian Development Bank (BNDES) • Government responsible for the • GRIF’s operations Reputable IFI acting as manager • Payments for performance • $ 1 b by 2015 – • $ 250 m by 2015 – conditional on results IWG IFR Secretariat | 6
IWG IFR Secretariat 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
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