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. This is a largely untested phase which GCF has begun to support in its pilot programme for results-based payments.
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. These outcomes are contained in Section 2 of the Readiness and Preparatory Support Proposal Template (logical framework).
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.
Project Preparation Facility support can be used to prepare funding proposals for the project cycle. It can also be used to prepare funding proposals to participate in GCF’s pilot programme for results-based payments. 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.
GCF accepts concept notes and funding proposals as part of a pilot programme for REDD+ results-based payments. The five-year pilot marks a major milestone for the Fund’s support of REDD+.
REDD+ Results-based Payments Pilot
Beginning October 2017, GCF has started to pilot REDD+ results-based payments, consistent with the Warsaw Framework for REDD+ and other REDD+ decisions under the United Nations Framework Convention on Climate Change (UNFCCC). Countries that have completed the first two phases of REDD+ for results generated from the end of 2013 to the end of 2018 are eligible to apply for phase 3 funding through this pilot programme. This request for proposals runs from the end of 2017 until the last GCF Board meeting in 2022.
|Open for||5 years (2017-2022)|
|Envelope||USD 500 million|
|Financial valuation||USD 5 per tCO2e|
|Eligibility period||31 December 2013 - 31 December 2018|
|Access modality||Accredited Entities|
|Submission||Concept notes and funding proposals|
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.