Description

This project is the first phase of an assessment of existing forest financing tools operates as the foundation for the proposed EU-funded Action “Financing for Forest” - FFF. The assessment follows a methodology which was developed by CIFOR-ICRAF-F4F.

The EU intends to boost financing for forest in partner countries through pilot actions. Prior to the piloting, an assessment is carried out in up to 20 countries to 1) help define which forest finance solutions will be tested and piloted and in which countries (estimation up to 7 countries), and 2) help EU Delegations (EUDs) and partners in non-piloted countries get a better understanding of existing financing mechanisms.

The objective of the assessment is to contribute to leveraging finance for forests and ensure forest finance solutions are geared towards meeting the sustainability of the forest sector in partner countries as well as the Paris Agreement and the Global Biodiversity Framework goals.

The outcomes of the assessment are:
1) To get an in-depth understanding of available forest finance instruments that are supporting international climate and biodiversity commitments.
2) To design a strategic framework for working in pilot countries to test a range of forest finance solutions.