Want to unlock finance for sustainable land-use?
The EU REDD Facility is pleased to announce the publication of our Land-use Finance Tool, developed with Climate Policy Initiative (CPI) to help tropical governments and their partners better understand and influence investments affecting forests at national and sub-national levels.
Climate finance is critical for the implementation of the policies and measures set out in tropical countries’ Nationally Determined Contributions under the Paris Agreement on climate change, and to reach REDD+ objectives. At the same time, it remains complex and challenging for countries and their partners to balance competing development priorities and integrate climate objectives within sectoral policies.
The Facility and CPI have been collaborating since 2015 to improve the understanding of public and private investments in land use and to test ways of unlocking finance for forest and climate objectives.
What is the Land-use Finance Tool?
The Land-use Finance Tool enables a quantitative and qualitative analysis of the alignment of public and private spending with climate and forest objectives. It provides a set of guidelines, templates and training materials to help tropical countries and their partners to analyse financial flows.
This allows users to:
Better understand existing expenditures from domestic and international sources, and identify financial gaps and barriers to investment to prioritise action and mobilise resources
Identify options to redirect unsustainable investments and inform national and jurisdictional cross-sectoral discussions on land-use investments
Monitor the progress of resource mobilisation and investment strategies, thereby improving transparency and accountability
Several countries and jurisdictions have already used the Land-use Finance Tool to map land-use investments. Côte d’Ivoire was a pioneer in mapping public investments related to land use in 2017. The country identified the main financing gaps for the implementation of its National REDD+ Strategy, as well as opportunities to redirect spending that was allocated for activities threatening forests. In 2018, Vietnam used the Tool’s approach to assess whether public spending planned for 2016-2020 in the Central Highlands region matched REDD+ objectives, and to identify best mechanisms to channel funding. More countries and jurisdictions are preparing similar analyses.