Safeguards and Private sector involvement in REDD+
At the UNFCCC scientific meeting in Bonn, Germany, the ASB Partnership together with International Institute for Sustainable Development (IISD), disseminated findings from ongoing research and key messages from a pre-Bonn REDD+ Expert Workshop on safeguard information systems and private sector engagement held earlier in Nairobi Kenya.
The main messages for the negotiators included:
- REDD+ Safeguard Information Systems do not necessarily require new mechanisms, methodologies or indicators, as there are opportunities to build upon existing architecture. These opportunities include methods and processes to report on obligations and provide information under international agreements, national legislation, bilateral and multilateral agreements and REDD+ pilot-level initiatives.
- Private sector engagement and finance is central to REDD+ success. Private sector involvement can help bridge the financing gap between public sector financing and developing country needs, as well as make vital contributions to REDD+ initiatives by providing technical expertise. Increased private sector involvement in REDD+ hinges on policy clarity and certainty.