GCF begins REDD+ results-based payments pilot programme
Songdo, 15 Dec 2017 The Green Climate Fund is now receiving concept notes and funding proposals in response to its pilot programme for REDD+ results-based payments.
This follows a decision at the 18th GCF Board meeting in October to pilot REDD+ results-based payments, consistent with the Warsaw Framework for REDD+ and other REDD+ decisions under the United Nations Framework Convention on Climate Change (UNFCCC).
The five-year pilot marks a major milestone for the Fund’s support of REDD+. This is a UNFCCC funding mechanism which supports developing countries’ efforts to reduce emissions from deforestation and forest degradation, and foster conservation, sustainable management of forests, and enhancement of forest carbon stocks (known in shorthand as REDD+).
Accredited Entities are invited to submit concept notes and funding proposals in close consultation with the relevant GCF National Designated Authority and REDD+ entity/focal point using the provided templates (Concept Note, Funding Proposal).
GCF will continue developing additional material to support the preparation of the pilot concept notes and funding proposals during the following weeks.