Climate finance thematic briefing: REDD+ finance

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Summary

Since 2007, USD 2.72 billion has been pledged to five multilateral climate funds and two bilateral initiatives that support efforts to reduce emissions from deforestation and forest degradation plus conservation (REDD+). Despite strong interest in the potential to harness market based mechanisms to support REDD+ programmes, the future of such mechanisms remains highly uncertain. 52% of the funding pledged has been deposited to date: Norway is the largest contributor of REDD+ finance, followed by Australia, the UK and the United States. Through these funds and initiatives USD 906.5 million has been approved for REDD+ activities since 2008.

Authors

Alice Caravani
Smita Nakhooda
Charlene Watson
Liane Schalatek