FIP Pilot Country Meeting Evaluates REDD+ Initiatives
23 April 2012: The third meeting of pilot countries participating in the Forest Investment Program (FIP) addressed: developing innovative approaches to invest in reducing emissions from deforestation and forest degradation, and conservation, sustainable management of forests and enhancement of carbon stocks (REDD+); working with the private sector, indigenous peoples and local communities; and sharing views on the design and implementation of systems to monitor REDD+ investment results.
The FIP is a programme funded by the Climate Investment Funds (CIF), which is currently supporting pilot projects in Brazil, Burkina Faso, the Democratic Republic of Congo, Ghana, Indonesia, Laos, Mexico and Peru. The meeting, which took place from 2-3 April 2012, in Brasilia, Brazil, allowed pilot country participants to share experiences in regulating REDD+ at the country level and discuss innovative approaches to promote mitigation through reducing pressure over natural forests.
Ghana reported on its FIP investment plan, which includes provisions for Payment for Environmental Services (PES), a rapid response unit for protected areas against encroachment, illegal logging and wildfire, and a carbon benefits-sharing scheme linked to tree tenure. The Democratic Republic of Congo presented an investment plan using an integrated landscape approach, a national REDD+ fund, and a mobile technology to reduce transaction costs like data collection, surveying and payment. Brazil presented the Plantar project, the first afforestation/reforestation Clean Development Mechanism (CDM) project approved under the UN Framework Convention on Climate Change (UNFCCC).
FIP pilot countries will meet again at the annual CIF Partnership Forum, scheduled to take place in Turkey in November 2012. [FIP Meeting Website Including Reports and Presentations] [African Development Bank (AfDB) Press Release]