Reducing Emissions from Deforestation and Forest Degradation
(Climate Action Plan, p. 18.)
- Working with partner countries, the Administration is to put in place the systems and institutions necessary to significantly reduce emissions related to land use while creating new rural-development models that generate climate benefits, conserve biodiversity, protect watersheds, and improve livelihoods.
- The Administration is to address agriculture-driven deforestation through initiatives such as the Tropical Forest Alliance 2020.
Implementation, Progress, and Outcomes
November 20, 2013: The U.S. joined Norway and the United Kingdom in launching the BioCarbon Fund Initiative for Sustainable Forest Landscapes (ISFL). This initiative aims to promote reductions in greenhouse gas emissions from the land sector through Reducing Emissions from Deforestation and forest Degradation (REDD+), sustainable agriculture, and smarter land use. Norway pledged up to $135 million for the initiative, the U.K. pledged £75 million (about $120 million), and the U.S. pledged $25 million; other nations may make additional pledges to expand the initiative. The BioCarbon Fund, a public-private program housed within the World Bank, will manage the fund and private-sector partners will play a key role in ISFL projects. The ISFL will offer technical assistance and grant funding to support implementing REDD+ strategies at the landscape level and will provide “results-based financing,” or payment for performance, for carbon emission reductions that are actually achieved. The Regional State of Oromia in Ethiopia is the first jurisdiction identified for ISFL financing. U.S. participation in the ISFL comes under the rubric of its contribution to the Tropical Forest Alliance 2020. (See BioCarbon Fund Launches $280 Million Initiative for Sustainable Forest Landscapes, World Bank (Nov. 20, 2013); John Kerry, U.S. Sec’y of State, Video Message to COP-19 on the Initiative for Sustainable Forest Landscapes From the U.S. (Nov. 20, 2013).)
This page was last updated on Feb. 13, 2013.