In support of the Interim Forest Finance (IFF) project, which aims to address the significant lack of finance and demand for REDD+ emission reductions in the lead-up to 2020, detailed case studies have been developed for Indonesia and Brazil, with the objective of understanding and describing the need for interim forest finance from the perspective of two major tropical forest countries.
In Brazil, this has involved seeking feedback on all elements of the IFF project approach, in particular its alignment with the strategic objectives of the Brazilian government’s national policy landscape, and the applicability to Brazil of the financial instruments identified in the IFF scoping study.
The outcome of the work in Brazil is a proposal to implement a mechanism foreseen in the national climate change policy called the Brazilian Carbon Market (MBRE), which is described in this report. The MBRE would foster investment in REDD+ activities and scale up demand for REDD+ emission reductions, both before 2020 and far beyond. It is the culmination of desk-based research and engagement with key government and private sector stakeholders between July 2013 and November 2014. The Amazon Environmental Research Institute (IPAM) led the research and consultation for the MBRE proposal.