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Sunday, September 24, 2023

GCF begins REDD+ results-based payments pilot programme

The Green Climate Fund (GCF) is now receiving concept notes and funding proposals in response to its pilot programme for REDD+ results-based payments.

Howard Bamsey
Executive Director, Green Climate Fund (GCF), Howard Bamsey

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, says GCF, 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+).

The GCF invites Accredited Entities 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 NoteFunding Proposal).

The GCF says it will continue developing additional material to support the preparation of the pilot concept notes and funding proposals during the following weeks.

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