Strengthening international forest-related climate finance
Project description
Title: International forest-related climate finance Commissioned by: German Federal Ministry for the Environment, Nature Conservation, Nuclear Safety and Consumer Protection (BMUV) as part of the International Climate Initiative (IKI). Co-funded by: Norway´s International Climate and Forest Initiative (NICFI) Countries: Global Lead executing agency: German Federal Ministry for the Environment, Nature Conservation, Nuclear Safety and Consumer Protection (BMUV) Overall term: 2018 to 2025
Context
Forests and land use are enormously significant for climate protection. They could provide up to a third of global greenhouse gas mitigation potential by 2030.
International initiatives, such as the New York Declaration on Forests (NYDF) and the Glasgow Leaders Declaration on Forests and Land Use (GLD), frame the policy objectives: halting and reversing forest loss by 2030, expanding deforestation-free supply chains, and restoring forest lands. Conserving forests is also an integral part of the Paris Climate Agreement and the United Nations’ Sustainable Development Goals.
Many countries and initiatives are already taking important steps. Despite this, global deforestation continues as there is still too little public and private funding to combat it effectively. This funding gap stands in disproportion to the great climate mitigation potential of forests and land use.
There is hence an urgent need for focused and coordinated actions at global scale. For this reason, in 2015, Germany, Norway and the United Kingdom (the so-called GNU initiative) committed themselves to further expand their cooperation efforts with other governments and the private sector to increase the funding for forests.
Objective
The effectiveness of forest-related climate finance is enhanced and capacities for the targeted implementation of forest and climate protection measures are strengthened in selected tropical forest countries.
Approach
The project has four outputs:
The strategic international positioning of forest-related climate financing is improved.The international positioning of the issue has improved and a contribution has been made to mobilising more private climate finance
Strategic dialogue and the coordination of relevant actors in order to step up joint efforts to effectively implement forest-related climate finance are strengthened.
In three partner countries additional forest and climate finance measures are being implemented in conjunction with ongoing projects, based on support services provided by the project.
The project has supported GNU decision-makers in defining and implementing post-2020 strategies and measures that strengthen and coordinate international forest-related climate finance.
