In the News | Nov 03 2017

The Dedicated Grant Mechanism (DGM) of the Forest Investment Program (FIP) is designed to enhance the capacity and support the priorities of indigenous peoples and local communities to strengthen their participation in the FIP and other initiatives related to the reduction of emissions from deforestation and forest degradation (REDD+). In the October newsletter: 

  • Brazil launches call for subproject proposals
  • Mozambique selects a national executing agency
  • Sharing Knowledge
  • Gender Considerations

Read these stories and more in the October Issue

Feature Story | Aug 14 2017

The city of Luang Prabang, Lao PDR, will play host to the 2017 Forest Investment Program (FIP) Pilot Countries Meeting, on September 27-29. The FIP provides indispensable direct investments to benefit forests, development and the climate, with a parallel focus on enhancing partner learning and coordination. Annual pilot country meetings bring together participants from government, the private sector, civil society, Indigenous Peoples, local community groups, and colleagues from the multilateral development banks (MDBs) that implement FIP-funded projects, to foster peer-to-peer learning among the 53 pilot countries—from practical issues related to the design and implementation of FIP investment plans to other forestry activities.

The last FIP Pilot Countries Meeting brought together over 100 participants from all 23 FIP countries, in Oaxaca, Mexico, June 12-14, 2016.

This will be the first Pilot Countries Meeting in which FIP and the Forest Carbon Partnership Facility (FCPF) collaborate to bring peer-to-peer learning to over 50 countries, for a meeting of minds that represents the newest strides in forestry and REDD+.

The host country, where forests cover about 40% of geographical area, was one of the first 8 pilot countries to benefit from FIP funding. Lao PDR’s FIP Investment Plan aims to complement ongoing REDD+ initiatives, including a focus on strengthening legal and regulatory frameworks. FIP resources are also being used to support participatory forest management and sustainable environmental services at all levels (national, provincial, district), both in and out of designated state forest areas.

The SUFORD (Scaling Up Sustainable Forestry for Rural Development) Project is just one good example of FIP investments at work in the host country. Watch the video to learn more about the project.

The project’s core objective is to reduce carbon emissions through sustainable forest management in priority areas and to pilot forest landscape management in four northern provinces of Lao PDR. SUFORD has seen early success in developing community action plans and village livelihood activities, which divert villagers out of the forests and through sustainable livelihood opportunities. This approach protects forests from deforestation and degradation.

Participatory sustainable forest management of this nature will be one of many topics for discussion at the meeting, along with how countries can take ownership of communicating their experiences and lessons learned. The FIP recognizes that the management of forests requires a long-term perspective. That is why opportunities like this, which provide countries with a platform for ongoing knowledge exchange and peer-to-peer learning, remain a top priority for the program.

In the News | May 23 2017

Sound management of the vast forest resources in sub-Saharan Africa is key to enhance climate change response in a continent worst hit by the negative impacts of that phenomenon, scientists said Monday.

Feature Story | Apr 12 2017

Across the globe, demand for wood products is increasing and expected to quadruple by 2050. This trend is exacerbating deforestation and forest degradation. But it also presents an opportunity for a better approach to farming and managing forests.

A new report, Harnessing the Potential of Productive Forests and Timber Supply Chains for Climate Change Mitigation and Green Growth, shows how sustainably harvesting wood products can help meet growing demand while providing jobs, mitigating climate change and conserving primary forests.

While it’s well known that trees and forests provide an important carbon sink, the carbon stored in forest products is often overlooked. Forest products and materials such as those used for construction and furniture store carbon for decades and even centuries.

Choosing wood products over other non-renewable materials, such as concrete and steel for construction materials, also offers climate benefits. Concrete and steel require fossil fuel to produce, making these alternatives much more carbon intensive. For example, producing a concrete wall puts 15 times more carbon dioxide into the atmosphere than making a wooden one.

The new report, funded by the Climate Investment Funds (CIF) and the Program on Forests (PROFOR), examined the economies of six countries - Ethiopia, Colombia, Mexico, Mozambique, Peru and Vietnam - to estimate the potential climate mitigation benefits from forest-based supply chains. Together, the six countries could sequester more than 150 million tons of CO2e (see table below) by 2030 with adequate investments in forest restoration and the increased production and use of wood products. Such an approach could help countries meet their climate commitments under the Paris Climate Agreement.

Investing in wood supply to meet demand through landscape restoration and other means also brings benefits, especially by creating new forest industry jobs in rural areas. Potential employment benefits in the six countries studied are depicted in the table below. In addition, projected demand for wood products could encourage the private sector to make long-term investments in productive forests, plantations, and wood processing.

Moving forward on sustainably harvesting forests is a delicate balance between production and conservation. If promoting forest products leads to deforestation, then climate mitigation is lost. To get the balance right, governments must create an enabling environment through better law enforcement and governance. That would help to protect and more sustainability use forests, improve land tenure, and provide the incentive mechanisms to attract private sector investments. Plantations will be key for renewable energy - sustainable charcoal and wood chips - in the future.  Private investors, rural communities and forest owners also need technical assistance to help with forest management and production, as well as easier and quicker access to market information.

“Investing in sustainably managing and using forests offers longer-term benefits over the frequently under-productive and disorganized use of many forests today,” says Gerhard Dieterle, program manager for the World Bank’s Forest Investment Program. “As found in this study, doing so would unquestionably benefit people and the planet.”

In the News | Jan 26 2017

Africa’s forests, landscapes, and ecosystems have many contributions to development. They contribute directly to the well-being and food security of poor people. 

Press Release | Jan 12 2017

With support from the African Development Bank (AfDB), Burkina Faso has been awarded a US $4-million loan from the Climate Investment Funds’ Forest Investment Program (CIF FIP) to revive its cashew sector and mitigate climate change. 

In the News | Dec 12 2016

As the world moves into an era above the ominous 400 parts per million carbon dioxide threshold, carbon storage and reforestation are becoming even more significant.

Press Release | Sep 26 2016

Ghana received approval on Thursday, September 22, 2016 from the African Development Bank (AfDB) for a project to restore degraded forest reserves and double a sustainable forest plantation through a first-of-its-kind Public-Private Partnership (PPP) in its forest sector. The project is backed by a US $10-million concessional loan from the Climate Investment Funds’ Forest Investment Program (CIF FIP) approved on July 1, and supplemented by US $14 million in co-financing from the AfDB. 

Press Release | Jun 21 2016

Washington, D.C. (June 21, 2016) – The governing body of the $8.3 billion Climate Investment Funds (CIF) last week gave an important signal by asking the CIF to develop options for a financing vehicle to attract private capital investors for renewable energy and clean technology projects in developing economies.
 
The steering committee of the CIF's $5.6 billion Clean Technology Fund (CTF), consisting of donor and recipient countries, gathered in Mexico to discuss new financing modalities which could make CTF's assets attractive for institutional investors.  
 
The CIF's Manager Mafalda Duarte welcomed the decision, which comes at a time when research from Brookings shows investments in sustainable infrastructure of $90 trillion USD are required over the next 15 years: 
 
"This work breaks new ground for climate finance and such innovation is needed if we are to move from billions to trillions and deliver on the ambitious agenda of the Sustainable Development Goals.  Scaling-up investments can be particularly transformational in areas that have lacked funding or for technologies on the threshold of becoming economically viable.  These will be crucial to delivering a low-carbon future."
 
This potential avenue to tap into new and much needed private sector financing would support climate-smart investments in areas such as energy storage, distributed generation, sustainable transport and industrial and residential efficiency.
 
"We have seen time and time again that concessional or de-risking financing is essential to ramp up low carbon investments in emerging markets", Duarte added.  "Institutional investors can be risk averse but they do want to build up a greener portfolio.  The CTF offers a unique opportunity for them and will allow us to provide developing countries the financial support they need to pursue their low-carbon development plans."
 
The green-light came as recipient countries unanimously endorsed the CIF as a key vehicle to deliver on the ambition outlined in the Paris climate agreement.  Members emphasized the importance of tested and proven financing options to support climate actions in developing countries and that those lessons should be shared with all main players in the climate finance architecture. “The appreciation and wide-spread support for the CIF by developing country members need to be acknowledged”, said Zaheer Fakir, Committee member for the South African Department of Environmental Affairs. “Developing countries within the CIF value it as an important instrument for financing, innovating and coordinating with all important actors around national climate investment plans.” 

In this context, trust fund sub-committees decided to support the forest investment plans of Mozambique and Côte D’Ivoire with US$ 48 million in total which will allow the countries to address major drivers of deforestation as well as promoting rural development. Another decision supported the renewable energy investment plan of Cambodia with US$ 30 million enabling the country to develop a solar energy program, including rooftop solar systems and minigrids, as well as a biomass power project.
 


About the Climate Investment Funds: The US$ 8.3 billion Climate Investment Funds provides 72 emerging and developing economies with urgently needed resources to manage the challenges of climate change and reduce their greenhouse gas emissions. For more information: http://www.climateinvestmentfunds.org/

Media contact: In Washington D.C – Angela Bekkers, Climate Investment Funds | Tel: +1 202 458 8831; mobile: +1 202 361 3459, Email: abekkers@worldbank.org

Download press release:  English

 

Press Release | Jun 20 2016

This week the Climate Investments Funds is celebrating the endorsement of three country investment plans under the CIF’s Scaling Up Renewable Energy in Low-Income Countries Program (SREP) and Forest Investment Program (FIP).  

Cote d’Ivoire’s forests offer huge potential and rich biodiversity but the country has one of the highest rates of deforestation in Sub-Saharan Africa.  FIP funding of $24 million (USD) will focus on restoring the country’s forest cover by working with small-scale farmers to introduce agroforestry techniques and improve agricultural productivity.  It will also contribute to the protection of the vast forest area of Tai National Park - a world heritage site and one of the last major remnants of pristine forest in West Africa - conserving its biodiversity and carbon stocks.

In Mozambique FIP funding of $24 million (USD) will focus on reducing emissions from deforestation and forest degradation while promoting rural development by supporting legal and institutional reform, addressing major drivers of deforestation as well as supporting communities to engage with the private sector.

In Cambodia SREP funding of $30 million (USD) – leveraging another $135 million USD from other sources - will focus on a solar energy development program, covering approximately 70% of total investment, which includes solar home systems, minigrids, rooftop solar systems and utility-scale solar farms.  The funding will also go towards a biomass power project as well as policy support and public awareness. 

Download the complete press releases here:

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