A key determinant of REDD+ success will be ensuring effective private sector engagement. Funding is a major concern in the implementation of REDD+ activities and involving the private sector will be absolutely critical to scale up investment in REDD+. The private sector can also make vital contributions to REDD+ initiatives through the range of its expertise and be part of the solution to mitigating climate change by addressing key drivers of deforestation under attractive conditions. Nevertheless, little has been done to identify who the key private sector players are, the roles they play and the sector’s diversity in terms of scale, expertise, motivations and forms of involvement. At the 17th Conference of the Parties, the willingness to diversify funding approaches for REDD+—including “public and private, bilateral and multilateral, and alternative sources” as well as the recognition of the possibility of developing “appropriate market-based approaches for REDD+”—were significant moves forward to help facilitate the mobilization of private finance for REDD+1. The ASB Partnership for the Tropical Forest Margins and the International Institute for Sustainable Development (IISD) explored the role of the private sector in REDD+ under a three-year REDD+ capacity-building initiative supported by the Norwegian Agency for Development Cooperation.
Publication year
2012
Authors
Bernard F; McFatridge S; Minang, P.A.
Language
English
Keywords
agroforestry, biophysics, farmers, forests, models, watersheds
