Financing Forest Conservation to Combat Global Warming: Keys to Success

December 31 - December 3, 2009 Host World Bank

Thursday, December 3
12:30 – 2:00 PM
Room MC 10-100

Forest clearing in developing countries is an enormous contributor to global warming, accounting for about 20% of annual greenhouse gas emissions. The Bali Action Plan seeks ways to reward countries for reducing these emissions – an agenda known as REDD (Reducing Emissions from Deforestation and Forest Degradation). Effective implementation of REDD is an intense topic of discussion in the negotiations leading up to Copenhagen. Many observers envision financial flows in the billions of dollars per year, and substantial pilot efforts are already being sponsored by UN-REDD, the World Bank’s Forest Carbon Partnership Facility (FCPF), and the Norwegian International Climate and Forest Initiative.

Sustained international support for such enormous payment flows will hinge on the operational credibility of REDD programs. The panel will discuss and illustrate three keys to a successful international agreement on forest conservation:

•    Sustainable payment mechanisms and robust supporting institutions (Manish Bapna)
•    Evidence-based evaluation of forest program impacts, illustrated by a global analysis of the impact of strictly protected areas, multiple use conservation areas, and indigenous areas on deforestation (Kenneth Chomitz)
•    Transparent public monitoring of results; the rapidly-advancing potential for public oversight will be demonstrated using a new web-based system, FORMA (Forest Monitoring for Action) (David Wheeler, Dan Hammer and Robin Kraft)

Chair: Michele de Nevers, Senior Manager, Environment Department

Panelists:Manish Bapna, Managing Director, World Resources Institute
Kenneth Chomitz, Senior Advisor, Independent Evaluation Group
David Wheeler, Senior Fellow, Center for Global Development
Dan Hammer, Center for Global Development
Robin Kraft, Center for Global Development


April 2018