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Opportunities for Forest Finance in GEF-5

Opportunities for Forest Finance in GEF-5. Ian Gray Natural Resources Forest Financing in Small Island Developing States Nadi , Fiji July 23 – 27, 2012. GEF’s Investment In Forests. The GEF has been funding forest projects since its inception in 1991

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Opportunities for Forest Finance in GEF-5

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  1. Opportunities for Forest Finance in GEF-5 Ian Gray Natural Resources Forest Financing in Small Island Developing States Nadi, Fiji July 23 – 27, 2012

  2. GEF’s Investment In Forests • The GEF has been funding forest projects since its inception in 1991 • 330 forest-related projects in 100+ countries • $1.7 billion GEF funding with $7.4 billion co-finance • GEF-5 target of $1 billion invested in forests • Multi-functions of forests are at core of investment strategy

  3. SFM/REDD+ Results Framework Goal Objectives • Outcomes Indicators • Payments for ecosystem services systems established • Forest area under sustainable management , separated by forest type • Types and quantity of services generated through SFM Outputs National institutions certifying carbon credits National forest carbon monitoring systems in place Innovative financing mechanisms established Carbon credits generated

  4. How The Incentive Mechanism Works STAR Resources Investments from 2+ FAs seeking multiple benefits from managing forests sustainably BD Incentive funds released in ratio of 3:1 of FA investment CC LD e.g. BD $1,500,000 Total Project $4,000,000 + SFM $1,000,000 LD $1,500,000

  5. SFM/REDD+ Projects 2010-12 • 31 projects and 3 programs • $401 million GEF funding • 36% of $250 million incentive allocated • Mainly mixed landscape interventions

  6. Supporting the 7 SFM Themes

  7. GEF-5 SFM/REDD+ Projects From FAO FRA 2006

  8. Managing for Multiple Functions – A Necessity • Pressures of food security, population growth, climate change, resources • Many products and services co-dependent • Individual forest functions are small enough to be overlooked but collectively potential driver of rural development • Societal recognition of forests’ importance • Prioritize long-term benefits over short-term gains

  9. Lessons From GEF-5 Projects • Wide range of forest situations applicable • Landscape level approach • Synergies – maybe a trade-off also? • Forest communities & livelihoods • Importance of on-the-ground presence in field activities • Inter-agency coordination • Payment for ecosystem services

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