Safeguards in Bilateral REDD+ Finance
This report is a compilation of three papers on bilateral donors’ initiatives to reduce deforestation and forest degradation in developing countries (referred to as REDD+) and their implementation of safeguard principles for this mechanism. These include ensuring that efforts to combat climate change do not threaten the people or species that rely on forests.
A previous paper in this series, Safeguards for REDD+ from a Donor Perspective, was published in October 2013. These papers were written in preparation for an April 2014 REDD+ workshop in Brussels.
The first of these three papers explores some of the complexities associated with REDD+ safeguards and results-based payments. It gives an overview of experiences with the carbon market and these payments and the treatment of safeguards to date. It examines spot transactions, forward transactions and upfront investments combined with a forward transaction.
The second paper examines how donors can use the existing systems in REDD+ countries to help ensure effective monitoring and evaluation of safeguard implementation. The third looks at some of the ways in which donors can benefit from improving coordination in safeguard implementation and concludes with recommendations for investors on how to better coordinate their activities.