UNEP: REDD and Financial Insitutions

The UNEP Finance Initiative (UNEP FI) has released the first part of a report titled “REDDy-Set-Grow: Opportunities and roles of financial institutions in forest carbon markets,” which stresses that the financial sector must step up its engagement in the emerging green market, and proposes improved regulation to this end. Part I provides a briefing to the financial world on current and emerging avenues for business activity in forest-carbon, and highlights roles and barriers for financial institutions to become involved. Part II of the study will provide an assessment of current international regulation and recommendations to national and international policy makers on what the international regime under the UNFCCC needs to deliver to effectively mobilize private finance and investment for forest-based climate change mitigation.