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About this Series

This is the sixth in an ongoing series of articles developed in support of this year’s two Katoomba Meetings, both of which are taking place in Latin America. The first meeting took place on March 19 and 20 in Brazil, under the banner “Scaling Up Sustainable Commodity Supply Chains”.

The second meeting will take place in Lima, Peru, over four days – from April 22 through 25 – and its working motto is “Climate, Forests, Water, and People: A Vision for Alignment in Tropical America”.

Part One: Latin American Katoomba Meetings Aim To Turbocharge Climate Talks, provides an overview of the two Katoomba Meetings.

Part Two: Amazon States In Brazil Push For Benefit-Sharing On National REDD+ Strategy, takes a look at how Brazil’s Amazon states are gearing up for REDD.

Part Three: Your Donut Is Killing Our Forests, Here’s How To Make It Stop, examines the role of consumers in driving change in the palm oil sector – a lesson that may be applied to soy across the Amazon.

Part Four: How To Unlock Agricultural Finance To Save Forests And Reduce Greenhouse Gas Emissions On Farms, explores financing possibilities for sustainable forest-conserving production.

Part Five Commodity Roundtables: Katoomba 19 Sheds Light On Role Of Consumer examines the somewhat limited success of roundtables on growing sustainable crop production, factoring in the consumer’s role in mobilizing change.

Part Six Donors Delivering On Pledges In Colombia, Ecuador and Peru takes stock of finance flows for REDD from international funders to key Latin American forest nations.

Part Seven Brazil Sees Promise, But Need For New Funding Source For REDD examines efforts to cultivate domestic demand for environmental finance.

Part Eight Biodiversity Boom Bolsters Peruvian Forests (And REDD) examines the interplay between healthy forests, biodiversity, and carbon finance.

Part Nine Peruvian Ecosystem Services Law In Limbo On Eve Of Katoomba 20 In Lima examines a comprehensive piece of legislation awaiting debate before the Peruvian National Congress.

Part Ten Katoomba XX To Be Live-Streamed On Ecosystem Marketplace offers a late-stage guide to the Katoomba Meeting in Peru and how to access it.

Donors Delivering On Pledges In Colombia, Ecuador and Peru

Ramiro Escobar

Latin America leads the world in  REDD activity – and in public-sector peldges to ramp it up. New research shows that those pledges are, in fact, being kept, and in ways that are beginning to deliver verifiable results. Here’s a look at findings from the Forest Trends REDDx initiative.

 

3 April 2014 | Ecosystem Marketplace’s State of the Forest Carbon Markets 2013 report found that 80% of the world’s REDD (Reduced greenhouse gas Emissions from Deforestation and forest Degradation) credits originated in Latin America during 2012, and that Brazil leads the region in funding commitments to REDD.

Beyond that, however, the funding picture has always been a bit nebulous. Until now

Forest Trends’ REDDX Initiative has been following REDD+ finance in 14 countries – six of them Latin American. It finds that, out of $111,334,638 pledged to those three Latin American countries, $54,052,851 – or nearly half – has been delivered to date.

“It surprised everyone,” says Marta Echavarria of Ecuador’s EcoDecision, an organization specializing in ecosystem services markets.

For the full story, please visit the Forest Carbon Portal.

REDDX Ecuador Chart
REDDX Ecuador Chart
REDDX Ecuador Chart
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