Financing opportunities and issues for mitigation and adaptation with a focus on the private sector

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Cohosts
ITTO, IUCN, UNFF Secretariat

A robust and predictable system for mobilising a range of financial resources is needed to stimulate and pay for climate change mitigation and adaptation initiatives. These initiatives encompass early REDD+ activities at scale, the development of national and subnational MRV systems, and performance-related payments for actions that result in reduced greenhouse gas emissions. This discussion forum debated the opportunities and challenges for investments and financial mechanisms to promote mitigation and adaptation activities by the private sector with a focus on REDD+ initiatives. It also provided an occasion to share updated information on forest carbon market development, certification standards, Governors’ Climate and Forests Task Force and others. Invited panellists were from Brazil, Indonesia, Japan and the United States.

Key questions

• How has the private sector been involved to date in financing forest-related activities including the development of REDD+? What are the expectations for private sector involvement in the short- and medium-term future?
• How can we integrate the private sector in the multistakeholder platforms that are discussing REDD+ national strategies? What roles can the private sector play in REDD+ at this early stage?
• What are recent notable developments in markets for forest carbon credits? What are the risks and opportunities in the trade of forest carbon credits, from the point of view of different stakeholders?
• What market mechanisms are currently being designed or could be put in place to optimise benefits, promote fair trade, and mitigate risks for parties involved in forest related investments and financial mechanisms?

Moderator
Emmanuel Ze Meka, Executive Director, International Tropical Timber Organization (TBC)

Keynote address
Eufran Amaral, Director of the Acre Institute of Climate Change (IMC), Brazil

Panellists

• Nur Masripatin, Director of the Centre for Standardization and Environment, Ministry of Forestry of Indonesia
• David Antonioli, CEO, Verified Carbon Standard Association, USA
• Itaru Shiraishi, Marubeni Corporation, Japan
• Ludovino Lopes, Ludovino Lopes Lawyers, Brazil

Contacts:
ITTO: Eduardo Mansur,  mansur@itto.int 
IUCN: Consuelo Espinosa, consuelo.espinosa@iucn.org 
UNFF: Benjamin Singer, singerb@un.org