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Two Mechanisms

Two Mechanisms. Readiness Mechanism READINESS FUND Capacity Building (2008-2012). Carbon Finance Mechanism CARBON FUND Payments for Emission Reductions (2010-?). Target ~$185 million Available $110 million. Target ~$200 million Available $51 million.

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Two Mechanisms

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  1. Two Mechanisms Readiness Mechanism READINESS FUND Capacity Building (2008-2012) Carbon Finance Mechanism CARBON FUND Payments for Emission Reductions (2010-?) Target ~$185 million Available $110 million Target ~$200 million Available $51 million

  2. Organization of Readiness Process • Created templates/processes to facilitate Readiness: • Country submissions: • Readiness Plan Idea Note (R-PIN): 37 • Readiness Preparation Proposal (R-PP): 3 so far • Readiness Package (R-Package) • In-depth reviews by: • Participants Committee + Observers • Technical Advisory Panel • World Bank team • Assessment criteria for R-PP • Application of environmental and social due diligence framework to readiness operations • Strategic Environmental and Social Assessment (SESA) • Guidance on Consultation and Participation

  3. Technical Assistance • Knowledge exchanges among • 50 Participants, including 37 REDD Countries • Knowledge exchange sessions in FCPF meetings • Global dialogues on preparing R-PPs (one just completed with Costa Rica, Ghana, Liberia and Mexico) • 6 Observers representing numerous organizations • World Bank • + Technical exchanges with Brazil

  4. Financial Assistance • Country-executed grants • $200,000 for R-PP preparation • Up to $3.6 million for Readiness preparation • FCPF team manages $1 million GEF grant for capacity development for REDD • REDD in national development context • REDD and sustainable forest management • Reference scenarios • South-south exchanges • Additional financial resources managed by the Facility Management Team and benefiting REDD countries and the global REDD community

  5. Indigenous Peoples Capacity Building Program • Recognition that capacity must be built at all levels, not just government • Importance of indigenous peoples as traditional forest stewards • Small grants to IP organizations to build REDD capacity at regional, national levels ($200k per year for 5 years) • IP organizations make proposals to FMT • ~$180k committed in FY09 based on proposals received from indigenous organizations and managed by them: • COICA (Amazonia)- organize regional workshops, produce reference document on REDD as contribution towards Copenhagen • IPACC (Africa)- organize regional/national workshops, produce toolkit on REDD to train trainers at country level • COONAPIP (Panama)- organize 11 workshops for info exchange, arrive at common position on REDD & government’s proposal to FCPF

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