Forest Investment Program Status of FIP Operations Andrea Kutter Sr. Program Coordinator CIF Administrative Unit
FIP in the Context of the Phased Structure and Funding Approach Readiness/National Strategies (Bilaterals, GEF, government, FCPF RF, UN-REDD , …) Implementation (Amazon Fund, bilaterals, CBFF, GEF, FIP , government, multilaterals, private sector, UN- REDD , …) Results-based payments (Bilaterals, FCPF CF , government, BioCF, CDM, …) 2
State of Program Structure and Funding USD 640 million Funding approved by FIP Sub-Committee and project approved by Five MDBs MDB 6 4 All 8 investment plans Funding approved by endorsed: FIP Sub-Committee and project being Brazil , Burkina Faso, 14 processed for MDB DRC, Ghana, Indonesia, approval Lao PDR, Mexico, Peru Under development for submission to the FIP solid and active pipeline Sub-Committee with 24 projects and programs 3
Portfolio Trends Structure and Funding Indicative Allocation and FIP Funding Approvals by FIP Pilot (USD Millions) 80.00 70.00 60.00 50.00 Indicative Allocations 40.00 Approved FIP Funding 30.00 20.00 10.00 - Brazil Burkina Faso DRC Ghana Indonesia Lao PDR Mexico Peru 4
Drivers and Sectoral Focus Structure and Funding FIP Funding by Sector Drivers of Deforestation Indigenous Peoples and Local 3 Communities Urban Expansion Agroforestry 3.3 Uncontrolled fires Agriculture/Food Security 10.72 Agriculture (commercial) Fuelwood charcoal Sustainable Forest Management 13.33 Livestock grazing in forest Forest Monitoring/MRV 25.8 Agriculture (slash and burn) Landscape Approaches 105.84 Timber logging Capacity Building/Institutional Strengthening and Governance 257.94 Reform 0 2 4 6 8 10 12 14 5 Number of projects 0 50 100 150 200 250 300
Private Sector in the FIP Structure and Funding • Set-Aside: USD 56 million in near-zero interest credits to engage the private sector in REDD+ 350.00 • 11 proposals received from Burkina Faso, 300.00 Brazil, Ghana, Mexico and one regional proposal (Africa) 250.00 Endorsed concepts: 200.00 • Brazil : Macauba palm oil in silvicultural system, 150.00 (IDB) – USD 3M; • Brazil : Commercial reforestation of modified lands 100.00 82.02 in Cerrado , (IFC) – USD 15M; • Burkina Faso : Climate change mitigation and 41.30 50.00 poverty reduction through the development of the cashew sector, (AfDB) – USD 4M; • - Ghana : Public-private partnership for restoration of Public Private degraded forest reserve through VCS and FSC certified plantations, (AfDB) – USD 10.3M; and • Mexico : Guaranteed fund for financing low carbon 6 forestry investments, (IDB) – USD 3M.
FIP Dedicated Grant Mechanism for Structure and Funding Indigenous Peoples and Local Communities • Framework Operational Guidelines for the DGM finalized • Competitive process for selection the Global Executing Agency initiated in June 2013: Announcement of the GEA soon to follow • 7 of 8 pilots have selected WB to lead DGM and Mexico is undergoing consultations to determine lead MDB • Much progress in countries in terms of consultations; • Expected submission date for global component and two country components: 01/2014 • Enhance web space for DGM 7
FIP Annual Monitoring and Reporting Structure and Funding • Common themes: • GHG emissions reductions/enhancement of carbon stocks • livelihood co-benefits • Relevant co-benefit themes: • Biodiversity and other environmental services • Governance • Tenure, rights, and access • Capacity development • Narrative: • Theory of change • Contribution to national REDD+ strategies and equivalents • Bilateral and other support • Government's perspective on link with DGM 8 • Highlights and showcases
CIF Knowledge Product: Linking REDD+ Structure and Funding Readiness and FIP Investments • Review and analyze the different barriers and opportunities for countries participating in the FIP as they relate to readiness • Clarify the elements needed for transitioning from readiness to implementation of REDD+ in FIP countries; • provides evidence on link between readiness and implementation in the eight FIP pilot countries; • Case studies: Burkina Faso, Lao PDR and Mexico Draft: January 2014; final report: February 2014 CIF Administrative Unit has recruited Climate Focus B.V.; literature review and preliminary analyses has been concluded and interviews are ongoing 9
Forest Investment Program www.climateinvestmentfunds.org
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