On the occasion of the first Board meeting of the Green Climate Fund (GCF), Forest Peoples Programme (FPP) and Jaringan Orang Asal Se-Malaysia (JOAS)are publishing a report titled: “Indigenous Peoples and the Green Climate Fund – A technical briefing for Indigenous Peoples, policymakers and support groups”
This report summarises some key issues relevant for indigenous peoples, building on statements and policy platforms adopted by Indigenous Peoples’ Caucuses. In particular the report draws attention to the need for the GCF to improve indigenous peoples’ participation in governance, adopt stronger safeguards and facilitate direct access to financing for climate change response actions developed and implemented by indigenous peoples.
BRIEFING PAPER: REDD+ FINANCE AND SAFEGUARDS
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- Category: Other Publications
- Published on 28 August 2012
- Written by CCMIN-AIPP
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Informal Additional Sessions of the Ad Hoc Working Groups
UN Framework Convention on Climate Change, Bangkok, 30 August – 5 September 2012
Finance for safeguards implementation is essential to attract and sustain funding
To attract and sustain funding, REDD+ finance must operate within a governance framework capable of demonstrating compliance with social, environmental and governance safeguards. REDD+ must also be competitive in terms of risk and return, which is currently not the case. Forests are seen as a challenging environment fraught with regulatory uncertainty and perverse incentives for unsustainable practices.
- Key message: transparent national systems to implement, monitor and report on REDD+ safeguards and demonstrate that they are being addressed and respected throughout REDD+ implementation are essential to reduce risk, provide confidence to investors and ensure sustainable outcomes.
Governments have primary responsibility to build the enabling environment necessary for REDD+ implementation. Coordination among developed country donors is essential to support the development of frameworks for safeguards implementation and the establishment of effective safeguards information systems (SIS) in a participatory and inclusive way.