REDDy – Set – Grow: Opportunities, risks and roles for financial institutions in forest-carbon markets

May 6 - December 31, 1969 Host UN Environment Programme Finance Initiative

Together with leaders from private finance institutions – including speakers from BOAML, Allianz and BNP Paribas – senior policy makers from forest-rich countries and representatives of the REDD+ initiative, we aim to explore the rapidly developing field of forest-carbon finance and discuss the opportunities, risks and roles for financial institutions in this emerging market. We welcome your participation in this unique event. While REDD+ represents a potential win for climate change, addressing the need to mitigate up to 17% of green house gases, it also holds the potential to transform the forest sector, creating new industries, new jobs and new development opportunities through new investment. Any win-win of this sort is likely to have one more positive knock-on effect; the conservation of biodiversity for which tropical forests are the ultimate treasure trove. Current estimates for the required investment in REDD+ are estimated at a minimum of $17-33 billion/year. Investment of this scale is unlikely to come from governments alone, and thus active participation from the private sector and the financial industry is essential. If the international community does nothing to reduce deforestation, it is estimated that the global economic cost of climate change caused by deforestation alone could reach $1 trillion/year by 2100, with disruptive effects on the world economy of unforeseeable intensity.

January 2018