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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

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