UN-REDD Policy Board Approves Funding for Five New Countries
5 November 2010: The fifth UN-REDD Policy Board meeting, which took place in Washington DC, US, from 4-5 November 2010, approved US$15.2 million for five new countries, and confirmed or pledged funds of US$7.4 million.
Cambodia, Papua New Guinea and Paraguay received approvals for US$3 million, $6.4 million and $4.7 million, respectively, after having presented the Board with full national REDD+ (reducing emissions from deforestation and forest degradation in developing countries, and the role of conservation, sustainable use of forests and enhancement of carbon stocks) readiness programmes. Solomon Islands and the Philippines were allocated approximately US$500,000 each for their initial national programmes.
Also during the meeting, Denmark pledged an additional US$6 million to the Programme, and Spain confirmed its US$1.4 million pledge. The Board also endorsed UN-REDD's five-year Strategy, outlining main work areas for the Programme, and heard progress reports from pilot countries currently implementing REDD+ activities with the UN-REDD's support. [UN-REDD Press Release]