There is currently no financial mechanism that will pay for medium to long-term emissions reductions from REDD+ in the period between 2015 and 20201 (‘the interim period’), and do so at the scale needed to meet emissions reduction targets in tropical forest countries. Immediate action is needed to stimulate demand for emissions reductions, and to obtain recognition for early action on REDD+ as part of a post-2020 framework.
The Interim Forest Finance Facility (IFFF) project advocates a strategic intervention by donor country and forest country governments, and public financial institutions, to scale up demand for emissions reductions in the interim period.
In order to stimulate demand for REDD+ emissions reductions, the right incentives need to be in place for forest country governments and the private sector, who can then commit the necessary financial, human and political capital.
