By Chris Lang In August 2020, the Green Climate Fund approved US$28.2 million for “results-based” funding to Colombia, for the period 2015 to 2016. In the presentation of the proposed REDD payments, the Green Climate Fund Secretariat acknowledged that deforestation in Colombia, particularly in the Amazon, had increased since the Peace Agreement in 2016.
By Chris Lang In December 2019, the governments of Colombia, Norway, Germany, and the UK signed a Joint Declaration of Intent on REDD and promoting sustainable development in Colombia. In August 2020, Ricardo José Lozano Picón, Colombia’s minister for Environment and Sustainable Development wrote to Mary Grady at Winrock International, to tell her that Colombia…
The Green Climate Fund Board will hold a virtual meeting between 18 and 21 August 2020. Included in the funding requests are two for REDD+ “result-based payments”: Indonesia REDD-plus RBP for results period 2014-2016; and Colombia REDD+ Results-based Payments for results period 2015-2016.
By Chris Lang “The greatest issue, or challenge, of our time is climate change,” Iván Duque, president of Colombia, said in Davos at the 2020 World Economic Forum. “So if we really want to as a society be able to contain the effects of climate change, we need to protect the tropical forests.”
Yesterday, the World Bank’s private sector arm, the International Financial Corporation launched a US$152 million bond aimed at supporting REDD and carbon trading. The deal demonstrates just about everything that’s wrong with REDD.