In early November 2015, the Board of the Green Climate Fund (GCF) met in Livingston, Zambia. During the meeting it approved US$168 million funding for eight projects. One of these projects aims to deforestation in wetlands on largely indigenous peoples’ territories in the province of Datem del Marañón in Peru.
Last week, the Indigenous Environmental Network held a press conference at COP21 in Paris. Tom Goldtooth, Executive Director of the Indigenous Environmental Network, said, “REDD and other carbon market regimes violate our traditional beliefs”.
On the first day of the UN climate negotiations in Paris, the governments of Germany, Norway and the United Kingdom pledged US$5 billion for REDD, between 2015 and 2020. The GNU countries say they “have signaled they will increasingly target results-based finance for countries who deliver verified REDD+ emission reductions”.
Under the World Bank’s Forest Carbon Partnership Facility Peru aims to preserve 54 million hectares of forest. Under a 2014 REDD agreement with Norway and Germany, Peru pledged to reduce net deforestation to zero by 2021. Yet deforestation continues.
A paper published this week in Nature concludes that the Amazon is losing its capacity to absorb carbon. In the past decade, the carbon absorbed by the Amazon each year has decreased by about one-third.