In the Media
REDD+ finance, indigenous rights protections move forward in 2012 with boost from Durban negotiations
February 08, 2012
EDF
The most recent UN climate negotiations wrapped up in December with a better-than-anticipated outcome, but the preparations for the next set — this year in Qatar — are already underway.
REDD+ policies got a major boost in Durban when countries agreed that all sources of funding, including carbon markets, are eligible to pay for REDD+ activities. After years of exploring how to pay for all three stages of REDD+ (capacity building, early implementation and national-level pay-for-performance), the UN has put its seal of approval on the use of markets. Estimates indicate that while public financing is needed, especially for the capacity building stage, only large-scale, sustainable funding from carbon markets will generate sufficient funding. EDF applauds this decision.
The decision on REDD+ finance, in the “Long-term Cooperative Action” (LCA) negotiations, included a clear endorsement of all sources of finance, a call for a REDD+ finance workshop and a technical paper in 2012.
Negotiators in Durban approved critical provisions for ensuring the rights of Indigenous Peoples are respected and will be safeguarded in the implementation of REDD+ programs. Parties also outlined the protections for Indigenous Peoples prominently in the LCA’s financing sections. Still, negotiators only developed a framework for systems of reporting on the implementation of REDD+ safeguards and decided to continue working on the content of these REDD+ systems next year.
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Keywords: climate talks, COP 17, COP 18, finance, Indigenous, LCA, REDD, rights, UN Climate talks, UNFCCC