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and increasing GHG sinks (i.e. forests) in developing countries. 21<br />
There are a number of mechanisms associated with REDD+. The UNFCCC<br />
is responsible for the intergovernmental nego� a� ons regarding the content<br />
and format of REDD+. The United Na� ons Collabora� ve Programme<br />
on Reducing Emissions from Deforesta� on and Forest Degrada� on in<br />
Developing Countries (UN-REDD), manages the technical and fi nancial<br />
components of the ini� a� ve at the interna� onal and na� onal level, with<br />
the assistance of the United Na� ons Development Programme (UNDP) and<br />
the Food and Agriculture Organisa� on (FAO). The Forest Carbon Partnership<br />
Facility (FCPF), via the World Bank, provides funding aimed at maintaining<br />
standing forests by encouraging biodiversity conserva� on and sustainable<br />
use through a range of country-level projects. 22 The Forest Investment<br />
Program (FIP) is part of the World Bank’s Strategic Climate Fund (SCF), and<br />
provides funds to specifi c sectors and projects to pilot new ac� vi� es and<br />
build capacity in exis� ng ac� vi� es aimed at tackling climate change. Funding<br />
of more that USD$500 million has been off ered by developed country donors<br />
including the US and Australia. 23 The Global Environmental Facility (GEF),<br />
created by the World Bank in 1991, is a partnership arrangement made up<br />
of 178 countries, NGOs, the private sector and interna� onal ins� tu� ons. 24<br />
The GEF Trust Fund developed a funding programme as part of its fi � h fouryearly<br />
funding cycle (GEF-5) for REDD and associated sustainable forest<br />
management and forest conserva� on ac� vi� es as a result of COP 13 in Bali,<br />
2007. 25 The REDD+ Partnership was established in June 2010 as an “ac� on<br />
track” to supplement UNFCCC nego� a� ons. It is a country-led ini� a� ve of 58<br />
member-states but does include some civil society and Indigenous peoples’<br />
organiza� ons (IPOs) as well as the private sector. Developed countries have<br />
provided USD$4 billion for the funding period 2010-2012. 26<br />
To ensure REDD+ meets expecta� ons as one of the solu� ons to climate<br />
change, it will require a robust, transparent, inclusive and independent<br />
monitoring system capable of addressing governance reali� es on the<br />
21. CIFOR, Simply REDD: CIFOR’s Guide to Forests, Climate Change and REDD (Bogor: CIFOR,<br />
Undated), p. 9 ww.cifor.cgiar.org/publica� ons/pdf_fi les/.../MediaGuide_REDD.pdf<br />
accessed 01/10/2010.<br />
22. UN-REDD, “The UN-REDD Programme”<br />
h� p://www.un-redd.org/UNREDDProgramme/tabid/583/language/en-US/Default.aspx,<br />
accessed 23/03/2010, Forest Carbon Partnership Facility, “Forest Carbon Partnership<br />
Facility”, undated, pp. 6-10.<br />
23. Climate Funds Update, “Forest Investment program”, h� p://www.climatefundsupdate.<br />
org/lis� ng/forest-investment-program accessed 01/10/2010.<br />
24. Climate Lab, “Global Environment Facility”, h� p://climatelab.org/Global_Environment_<br />
Facility accessed 01/10/2010.<br />
25. Interna� onal Ins� tute for Sustainable Development (IISD) Repor� ng Services, “GEF<br />
STAP Considers REDD, Forest Conserva� on and Sustainable Forest Management” h� p://<br />
climate-l.org/news/gef-stap-considers-redd-forest-conserva� on-and-sustainable-forestmanagement/<br />
accessed 01/10/2010.<br />
26. Forest Carbon Portal, “Mul� lateral Interim Redd+ Partnership Established In Oslo” h� p://<br />
www.forestcarbonportal.com/resource/interim-redd-partnership-established-oslo<br />
accessed 02/10/2010.<br />
106<br />
Changing paradigms of aid eff ec� veness in Nepal