Guide on Climate Change and Indigenous Peoples

Mechanisms and Trust Funds of the FCPFMechanismReadiness MechanismCarbon Finance MechanismTrust FundReadiness FundCarbon Fund• The European Union also is a donor. The targeted volume of fundsis US$300 million with donors promising $169 million. Norway hascontributed $40 million to this.• As of March 2009, the FCPF ParticipantsCommittee has approved 37 countries tobenefit from the funds.• These 37 countries have submittedR-PINs (Readiness Plan Idea Notes)which was the basis for their beingselected. After this, they are suppose todevelop their R-Plans (Readiness Plans)which will lay out and organize the stepstowards the achievement of readiness.The countries which submitted R-Plansare Guyana, Indonesia and Panama.i. What are the steps designed by FCPFtowards achieving readiness?1. Establishment of a baseline whichincludes assessing historical emission, identifying drivers ofdeforestation and degradation and identifying different options forreference scenarios.2. Conduct consultations on possible reference scenarios and publish theselected scenarios. The reference scenario should be credible, takinginto account recent historical emissions and a credible assessment offuture emissions. The IPCC Good Practice Guidance (2003) and guidancefrom the UNFCCC can be thebasis for analysis but other10 - no. of carbon funds and facilities setup by the World Bank since 2000, with atotal capitalization of over US$2 billion37 - no. of countries that have alreadybeen included as REDD participantcountries as of March 20093 - countries that have submitted R-Plansto date, i.e., Guyana, Indonesia andPanamaThe FCPF is designed toset the stage for a largescalesystem of incentivesfor REDD, providing afresh source of financingfor the sustainable useof forest resources andbiodiversity conservation,and for the more than1.2 billion people whodepend to varying degreeson forests for theirlivelihoods.methodologies and modelscan be developed and used.3. A REDD+ strategy toreduce emissions belowthe established baselinewill be developed in closeconsultation with all relevantstakeholders, includingindigenous peoples andlocal communities, to:62 <strong>Guide</strong> on Climate Change and Indigenous Peoples