30 Nov – 12 Dec 2023, Dubai, United Arab Emirates

Strengthening the profile of REDD+-related finance in Central Africa

Within the framework of the UNFCCC, commitments are generally made towards developing nations with regards to receiving payments to support their efforts in reducing deforestation and forest degradation, as well as properly managing forest resources.

However, there is often a gap between global announcements, commitments, and the actual disbursement of funds for either the construction of a REDD+ enabling environment or payment for emission reductions resulting from deforestation and forest degradation avoidance. Over the past 1.5 decades, REDD+ has been the main mechanism for channeling climate finance to tropical countries for forest-related initiatives. The Paris Convention reaffirmed in Article 6 the necessity of providing financial support to developing countries to facilitate their ecological transition. Examining how global finances are channeled into recipient countries can be a crucial step in learning lessons and progressing toward a more sustainable and equitable future. The aim of this Session/webinar is to present some preliminary findings on the Commitment Versus Disbursement in the DRC at both the national and subnational levels, specifically in MaiNdombe.

We will also share findings from a study on stakeholder perceptions of Climate Finance in the Congo Basin, as well as discuss Climate Finance Diplomacy and its role in channeling more funds towards the COMIFAC countries.

The primary objective of this session is to enhance the climate finance profile in Central Africa. The aim is to redirect more funds towards the region by leveraging factors that currently contribute to the lower finance profile of Central Africa compared to other regions worldwide.

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