The Interim Forest Finance (IFF) project advocated that governments and public financial institutions intervene to increase demand for REDD+ emissions reductions between 2015 and 2020 – the ‘interim period’.
In 2013, IFF analysed investment in REDD+ and concluded that a further $12 billion was needed to prevent temperatures increasing by more than 2 degrees centigrade by 2020. To avoid erosion of confidence in REDD+, IFF identified mechanisms to attract this level of capital. In a series of meetings with the private sector, IFF established that financial mechanisms such as Emissions Reductions Purchase Agreements, price floors, and options contracts would incentivise investment. It then advised policy makers and development banks on how to create the conditions necessary for this investment.
IFF was a collaborative initiative of the Global Canopy Programme (GCP), the Amazon Environmental Research Institute (IPAM), Fauna & Flora International (FFI), the UNEP Finance Initiative (UNEP FI), and the United Nations Office for REDD+ Coordination in Indonesia (UNORCID). The Interim Forest Finance Project is funded by the Norwegian Agency for Development Cooperation (NORAD).
To read the IFF report 'Stimulating Interim Demand for REDD+ Emission Reductions: The Need for a Strategic Intervention from 2015 to 2020', please click here.