By Elizabeth Kahurani
Funding is a major concern in the implementation of
activities to reduce emissions from deforestation and forest degradation
(REDD+) especially because what governments can commit is only a fraction of
the required amount. According to UNEP, an
investment of approximately USD17-40 billion per year is needed to start the
process (UNEP FI, 2011) and cumulatively, pledged public funds stand at an
estimated USD 5 billion. No doubt other sources of funding will be critical to
meeting the huge gap and efforts are increasingly looking to the role of the
private sector.
