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.
“Find out how to Save Forests and make money.” That’s the offer on the website of an Australian company called Conservation Central Network. “Using the power of the internet,” CCN says, “we are rewarding people for saving the forests one hectare at a time.”
In September 2014, Peru and Norway signed an agreement to reduce deforestation in Peru. When the US$300 million agreement was signed, AIDESEP and Rainforest Foundation Norway warned that Peru needed to improve its policy on Indigenous Peoples.