The State of REDD+ Finance

53 Pages Posted: 26 Jun 2015

See all articles by Marigold Norman

Marigold Norman

Overseas Development Institute (ODI)

Smita Nakhooda

Overseas Development Institute (ODI)

Date Written: May 2015

Abstract

This paper presents a thorough synthesis of available data to illuminate the current global state of finance for reducing emissions from deforestation and degradation (REDD+). It adds to a growing body of work that seeks to understand the size and composition of finance for REDD+ initiatives, as well as the delivery of climate finance more generally. The analysis shows that aggregate pledges of both public and private finance are significant, at more than US $8.7 billion for the period between 2006 and March 2014, but the pace of new pledges slowed after 2010. The public sector contributes nearly 90% of reported REDD+ finance, with the preponderance of funding concentrated among a relatively small number of donors and recipient countries. The paper analyzes early experience with performance-based finance, although such finance represents less than two-fifths of pledges to date. The extent to which new institutions in the climate finance architecture such as the Green Climate Fund will provide a new and effective channel for increasing support for REDD+ remains to be seen.

Keywords: REDD+, deforestation, climate finance

JEL Classification: F35, Q23, Q54

Suggested Citation

Norman, Marigold and Nakhooda, Smita, The State of REDD+ Finance (May 2015). Center for Global Development Working Paper No. 378, Available at SSRN: https://ssrn.com/abstract=2622743 or http://dx.doi.org/10.2139/ssrn.2622743

Marigold Norman (Contact Author)

Overseas Development Institute (ODI) ( email )

111 Westminister Bridge Rd.
London, SE17JD
United Kingdom

Smita Nakhooda

Overseas Development Institute (ODI) ( email )

111 Westminister Bridge Rd.
London, SE17JD
United Kingdom

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