REDD+
Our support for REDD+ shows that efforts to revive forests can pay off.
Overview
REDD+ refers to a process moderated by the United Nations Framework Convention on Climate Change (UNFCCC) which supports countries' efforts to reduce emissions from deforestation and forest degradation, and foster conservation, sustainable management of forests, and enhancement of forest carbon stocks.
REDD+ is divided into three phases, which are roughly associated with readiness (which is different from GCF’s Readiness funding programme), implementation, and payment for results. Phase 1 of REDD+ includes developing national strategies or action plans, policies and measures, and other capacity building activities. Phase 2 includes implementing national policies and measures, and national strategies or action plans. Phase 3 consists of results-based payments following the verification of emission reductions.. GCF implemented its pilot programme for results-based payments from 2017-2022.
Developing country Parties to the UNFCCC can access GCF support for activities across the three REDD+ phases through:
- GCF Readiness Programme
- Project Preparation Facility
- Regular project cycle funding
GCF support per phase
The Programme aims to support five outcomes connected to the Programme objectives: strengthening country capacity, engaging stakeholders in consultative processes, realising direct access, providing access to finance, and mobilising the private sector.
GCF’s Readiness and Preparatory Support Programme (the Readiness Programme) provides funding to strengthen the institutional capacities of National Designated Authorities (NDAs) or focal points and Direct Access Entities to engage with GCF. Resources may be provided in the form of grants or technical assistance and are well suited to help countries with REDD+ readiness targets.
Project Preparation Facility support can be used to prepare funding proposals for the project cycle. It can also be used to prepare funding proposals for REDD+ RBP projects.. GCF’s regular project cycle, the mainstay of the Fund’s mobilisation of climate finance, is another potential source of REDD+ support. Accredited Entities submit funding proposals that are assessed by the GCF Board during their regular meetings, usually held three times a year.
The GCF board approved at its 40th Board Meeting in October 2024 the policy for results-based payments for REDD+. REDD+ Results Based Payments are now a permanent window of GCF’s finance windows and GCF accepts concept notes and funding proposals on REDD+ RBP on a running basis as other projects.
The policy is based on the experiences and lessons learned from the pilot programme (2017-2022) and builds on the same principles.
The eligibility period is 2018-2022 with a financial valuation of 8 USD per tCO2eq assessed based on a scorecard. The key criteria for accessing remains the completion of the Warsaw Framework. Please see the full details on eligibility criteria, financial valuation, eligibility period and more in the policy here.
New templates reflecting the policy have been prepared for the concept note and funding proposal as well as a FP guidance document. Please find them here.
For further information on REDD+ RBPs please contact, GCF REDD+ Focal Point, Marc Dumas-Johansen([email protected])
Projects
Since launching the REDD+ Pilot Programme, GCF has approved results-based payments for several submissions. RBPs for other results are in the pipeline, and may be brought to the GCF Board for approval in the future.
