The European Union (EU) is a strong supporter of international action on REDD+, but lacks a coherent strategy on how to mobilize the resources required to reduce emissions from forests at the requisite scale. This paper, prepared in collaboration with The Nature Conservancy and with the support of the Norwegian Agency for Development Cooperation, presents options on how to mobilize REDD+ finance in the EU in the short to medium term.
The paper identifies a broad range of potential options for scaling-up finance – encompassing both public and private finance flows as well as both market and non-market options – before presenting a more in-depth assessment of two options considered most promising by EU stakeholders consulted as part of the project.
