Only a small fraction of the $7.3 billion pledged under the Reducing Emissions from Deforestation and Degradation (REDD+) program has actually been disbursed, find a new report that tracked REDD+ finance in seven countries.
The REDD+ eXpenditures Tracking Initiative (REDDX) initiative, led by Forest Trends, analyzed REDD+ financial flows between 2009 and 2012 in Brazil, Colombia, Ecuador, Ghana, Liberia, Tanzania and Vietnam. It found that less than a third of $1.2 billion committed in those countries had been disbursed by the end of 2012.
However both commitments and disbursements grew steadily on a year-by-year basis during the study period. Nearly 80 percent of funds came from bilateral government donors, mostly from the governments of Norway and Germany which accounted for 91 percent of these contributions. Multilateral institutions like the World Bank and private foundations, which played critical early roles in getting REDD+ pilot initiatives off the ground, accounted for 11 percent and 5 percent respectively.
While the numbers are limited to the early days of the REDD+ program and don’t include the last two years of data, they are far below what the $15-30 billion a year the United Nations says is needed to substantially slow deforestation and forest degradation in the tropics.
Started in year 2010, ‘Climate Himalaya’ initiative has been working on Mountains and Climate linked issues in the Himalayan region of South Asia. In the last five years this knowledge sharing portal has become one of the important references for the governments, research institutions, civil society groups and international agencies, those have work and interest in the Himalayas. The Climate Himalaya team innovates on knowledge sharing, capacity building and climatic adaptation aspects in its focus countries like Bhutan, India, Nepal and Pakistan. Climate Himalaya’s thematic areas of work are mountain ecosystem, water, forest and livelihood. Read>>