PwC Page 12 of 129
Getting the best out of the UK’s REDD+ portfolio – ten core principles
1. Build a mutually reinforcing portfolio: A mutually reinforcing portfolio will help to
maximise the impact of UK funding, manage risk, support knowledge sharing and broaden political influence.
2. Commit to the long-term: Be prepared to commit to the long-term, offering sustained and
sufficient incentives to drive actions in partner nations, but link continued support to demonstrable progress in emissions reductions and to climate resilient development.
3. Retain flexibility and allow for learning: Retain flexibility to respond to political and market
developments e.g. in the context of the UNFCCC. Be prepared to adapt programmes to make them more effective or to move on if milestones are not met.
4. Secure political support at the highest level: Whether funding is being provided directly or
through multilaterals, political support at the highest level in partner countries is critical. 5.
Target sectoral and economy wide transformational impacts: Targeted and strategic actions to encourage REDD+ or to address the drivers of deforestation can create systemic
impacts which can help accelerate wider climate resilient economic growth plans.
6. Partner to build broad-based support and drive delivery: Work with other donors as well
as multilateral agencies, leading where the UK has strong networks and resources, but also playing supporting roles. Explore the potential for partnerships with local government, NGOs, indigenous
peoples and other stakeholders as appropriate, to secure buy-in, access additional resource, accelerate action and reduce costs.
7. Engage the private sector: Private sector investment will be critical to the longer-term funding
and success of REDD+. Public funds can catalyse action and leverage finance from the private sector. The Government’s new Capital Markets Climate Initiative could help private sector
engagement.
8. Build on strong governance: Build on the design and progress made in REDD+ readiness and
forest governance e.g. FLEGT, but recognise gaps and constraints.
9. Share knowledge and best practice: The UK is well placed to support knowledge sharing on
