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Appendix 7: Terms of Reference
Scoping Study: UK’s REDD+ Portfolio
1. Background
Tackling deforestation and degradation is a key part of the global effort to tackle climate change. Without REDD+, the goal of limiting the rise in global temperatures to 2°C above preindustrial levels will be much
harder, and substantially more expensive, to achieve. Forests are also crucial to the livelihoods of 1.2 billion of the world’s poorest people who live on less than 1 a day. Losing these forests would jeopardise the
achievement of the MDGs on poverty and environmental sustainability. Maintaining the world’s forests is also a crucial adaptation strategy.
But forests are currently worth substantially more dead to key stakeholders than alive. Correcting this market and governance failure is the key to addressing deforestation. It is now widely accepted that financial incentives
are needed on a systemic, international scale to create the right economic incentives for actors in developing forest countries to protect their forests. In Copenhagen, 6 developed countries - including the UK - agreed to
provide 3.5bn over the period 2010-2012 to catalyse early action on REDD+ £300m from the UK. Pledges now total around 4 billion globally, and forest nations are willing to act. The UK has also committed to
spending £2.9bn on climate finance over the next 4 years 2011-14 of which, though no decisions have yet been taken, REDD+ is likely to be a significant element.
The UK therefore wishes to identify how best to scale up its support to REDD+. The objectives for our overall REDD+ programme portfolio are to:
i Support countries to become “REDD+ ready” to participate in payment for results programmes and take
complementary domestic action ii
Support innovative mechanisms of payment for results, which leverage private sector involvement in REDD+ and lead to immediate results on the ground
iii Create and support an efficient, effective, and coordinated international system to support countries to
deliver REDD+ outcomes iv
Learn what makes for effective REDD+ programming and share these lessons with developing forest nations and the international community
It is intended that this portfolio supports innovative and sustainable forest carbon financing deals which maximise poverty reduction, climate resilience, biodiversity and adaptation pay-offs. The UK already invests in
the Forest Carbon Partnership Facility FCPF, Forest Investment Programme FIP, Congo Basin Forest Fund CBFF, and is developing a 5 year REDD+ programme with Indonesia and a 10 year Forest Governance,
Markets and Climate programme. The proposed scaled up portfolio could include:
v Continued support to multilateral and regional programmes such as Forest Carbon Partnership Facility
FCPF, Forest Investment Programme FIP, and the Congo Basin Forest Fund CBFF vi
Scaled up bilateral work in one or several countries. This could be based on the development of large scale results-based partnerships with a limited number of forest nations and would seek to catalyse
transformational change away from the unsustainable extractive use of forests and towards a new low carbon economy in coordination with other partners.
2. Purpose of the work
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