The Future of REDD+ Financing

The REDD+ financing landscape is changing, creating opportunities as well as complexities for developing countries interested in halting deforestation and forest degradation, and in monetizing their forest conservation efforts. While the World Bank's Forest Carbon Partnership Facility's (FCPF) Readiness Fund formally closes next year, several other financing initiatives and commitments relating to REDD+ and forests have emerged. These include, for example, the World Bank’s new Climate Emissions Reduction Facility (CERF), the LEAF Coalition, and a renewed commitment to ending deforestation by 2030. The finalizing of Article 6 rules at COP26 also has implications for REDD+ initiatives and carbon markets more broadly. At this session, financiers, fund managers, donors, and client country representatives will provide insights on future REDD+ readiness financing, options for monetizing emissions reductions, implications of Article 6, the importance of robust safeguards, and other critical issues to help countries and others navigate this evolving landscape.