News

UN-REDD Programme Approves Funds

Forests store CO2 helping alleviate climate change

18 March 2009: The UN-REDD Programme, an initiative on reducing emissions from deforestation and forest degradation (REDD), has approved US$18 million for activities in five pilot countries in Africa, Asia and Latin America. The Programme is sponsored by the UN Food and Agriculture Organization, the UN Development Programme, and the UN Environment Programme (UNEP). The approved sum constitutes roughly one-third of available funding under the Programme, and will be dedicated to measures such as monitoring, stakeholder engagement, enhancement of non-carbon benefits, and strengthening of institutional capacity.

The announcement was made during a high-level Policy Board meeting, which was held in Panama, and convened implementing and donor countries, representatives from civil society and indigenous peoples groups, and donor organizations. As Chair of the meeting, Angela Cropper, UN Assistant Secretary-General and UNEP Deputy Executive Director, underscored the significance of the step and confidence in the Programme's ability to provide “substantial input to the continuing REDD debate.” [UNEP Press Release] [UN Press Release]