Networking and cocktail reception on Mon 8th Dec, 18:30PM - 21:00PM
COP 20 Lima, Peru in Baker & McKenzie’s offices
Av. De La Floresta 497, Piso 5 San Borja, Lima 41, Peru (5 min walk from the COP 20 venue)
Incentivising the flow of large scale private sector finance from 2015 – 2020 and beyond is critical if catastrophic climate change is to be avoided, deforestation reduction targets are to be met, and global warming is to be kept below 2 degrees Celsius. Despite the UNFCCC making progress in establishing a framework for REDD+, much more needs to be done. There is an urgent need to scale up REDD+ financing as part of the efforts to reduce CO2 emissions from forest activities. This will require the rapid growth of REDD+ financing from both public and private sector sources to around the $12 billion level – something the Warsaw framework as it currently stands will not address. This interactive series of discussions will see key speakers from organisations such as Althelia, UNEP FI, IDB, VCS, and CDP, address the following key issues:
- Why COP 20 must deliver robust policy signals which clearly outline the intention to create a regulated market for REDD+ as part of a broader 2015 climate change agreement and what are the implications if this doesn’t happen?
- What solutions or series of interim incentives could be deployed to stimulate financing for REDD+ activities during the critical 2015 – 2020 period?
To find out more about this event visit www.globalcanopy.org to confirm your attendance click here.