As part of the programme for reducing emissions from deforestation and forest degradation (REDD, see Update 57), Guyana, Panama and Indonesia submitted readiness preparation proposals (R-PPs), necessary for funding through the Forest Carbon Partnership Facility. The Bank’s technical advisory panel and NGOs have raised concerns about the R-PPs, especially regarding indigenous rights and the identification of the key drivers of deforestation. Despite the criticism, the Participants Committee – comprised of REDD countries, donors and carbon fund participants – argued that the R-PPs provided a “sufficient basis” to advance the countries to the next step “subject to the Bank’s due diligence, safeguards and environmental assessments”.
Environment
News
REDD plans move forward despite concerns
22 September 2009