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The State of REDD+ Finance - Working Paper 378

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  • Marigold Norman and Smita Nakhooda

Abstract

This paper presents a thorough synthesis of available data to illuminate the current global state of finance for reducing emissions from deforestation and degradation (REDD+). It adds to a growing body of work that seeks to understand the size and composition of finance for REDD+ initiatives, as well as the delivery of climate finance more generally. The analysis shows that aggregate pledges of both public and private finance are significant, at more than US $8.7 billion for the period between 2006 and March 2014, but the pace of new pledges slowed after 2010. The public sector contributes nearly 90% of reported REDD+ finance, with the preponderance of funding concentrated among a relatively small number of donors and recipient countries. The paper analyzes early experience with performance-based finance, although such finance represents less than two-fifths of pledges to date. The extent to which new institutions in the climate finance architecture such as the Green Climate Fund will provide a new and effective channel for increasing support for REDD+ remains to be seen.

Suggested Citation

  • Marigold Norman and Smita Nakhooda, 2014. "The State of REDD+ Finance - Working Paper 378," Working Papers 378, Center for Global Development.
    • Handle: RePEc:cgd:wpaper:378
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    File URL: http://www.cgdev.org/publication/state-redd-finance-working-paper-378
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    Citations

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    Cited by:

    1. Fischer, Richard & Hargita, Yvonne & Günter, Sven, 2016. "Insights from the ground level? A content analysis review of multi-national REDD+ studies since 2010," Forest Policy and Economics, Elsevier, vol. 66(C), pages 47-58.
    2. Hein, Jonas & Meijer, Karen & Rodríguez de Francisco, Jean Carlo, 2015. "What is the potential for a climate, forest and community friendly REDD+ in Paris?," Briefing Papers 3/2015, German Institute of Development and Sustainability (IDOS).
    3. Ehara, Makoto & Samejima, Hiromitsu & Yamanoshita, Makino & Asada, Yoko & Shogaki, Yutaro & Yano, Masato & Hyakumura, Kimihiko, 2019. "REDD+ engagement types preferred by Japanese private firms: The challenges and opportunities in relation to private sector participation," Forest Policy and Economics, Elsevier, vol. 106(C), pages 1-1.
    4. Morgan, Edward A. & Buckwell, Andrew & Guidi, Caterina & Garcia, Beatriz & Rimmer, Lawrence & Cadman, Tim & Mackey, Brendan, 2022. "Capturing multiple forest ecosystem services for just benefit sharing: The Basket of Benefits Approach," Ecosystem Services, Elsevier, vol. 55(C).
    5. Richard van der Hoff & Raoni Rajão & Pieter Leroy, 2018. "Clashing interpretations of REDD+ “results” in the Amazon Fund," Climatic Change, Springer, vol. 150(3), pages 433-445, October.
    6. Köhl, Michael & Neupane, Prem Raj & Mundhenk, Philip, 2020. "REDD+ measurement, reporting and verification – A cost trap? Implications for financing REDD+MRV costs by result-based payments," Ecological Economics, Elsevier, vol. 168(C).
    7. Sunderlin, William D. & de Sassi, Claudio & Sills, Erin O. & Duchelle, Amy E. & Larson, Anne M. & Resosudarmo, Ida Aju Pradnja & Awono, Abdon & Kweka, Demetrius Leo & Huynh, Thu Ba, 2018. "Creating an appropriate tenure foundation for REDD+: The record to date and prospects for the future," World Development, Elsevier, vol. 106(C), pages 376-392.
    8. Handberg, Øyvind Nystad, 2018. "No sense of ownership in weak participation: a forest conservation experiment in Tanzania," Environment and Development Economics, Cambridge University Press, vol. 23(4), pages 434-451, August.
    9. Rakatama, Ari & Pandit, Ram & Iftekhar, Sayed & Ma, Chunbo, 2018. "How to design more effective REDD+ projects – The importance of targeted approach in Indonesia," Journal of Forest Economics, Elsevier, vol. 33(C), pages 25-32.

    More about this item

    Keywords

    REDD+; deforestation; climate finance;
    All these keywords.

    JEL classification:

    • D - Microeconomics
    • F35 - International Economics - - International Finance - - - Foreign Aid
    • Q23 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Forestry
    • Q54 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Climate; Natural Disasters and their Management; Global Warming

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