UN-REDD Approves a $47.6 Million Budget for 2013-2014
2 November 2012: At its 9th Policy Board meeting, the UN Collaborative Programme on reducing emissions from deforestation and forest degradation in developing countries (UN-REDD) approved US$ 47.6 million in funding over two years for global and national actions.
The funding, to cover activities in 2013 and 2014, will support both national level actions in support of reducing emissions from deforestation and degradation and the role of conservation, sustainable management of forests and enhancement of forest carbon stocks in developing countries (REDD+), as well as the UN-REDD global programme.
All 46 partner countries will be eligible for targeted support and activities under the fund will include capacity building for improved forest monitoring systems and governance, as well as enhanced stakeholder engagement. UN-REDD national and global programmes also seek to promote the multiple benefits of REDD+ investments and the potential of REDD+ as a contributor to green economy transformations.
The funds have been contributed by Denmark, the European Commission, Japan, Luxembourg, Norway and Spain. [UN-REDD Press Release]