Sustainable Financing Mechanism for REDD+ Activities and Implementation in Malaysia to be Endorsed by the National Committee on REDD+
The Malaysian Ministry of Natural Resources and Environment is developing a National Framework on REDD+ that includes the policy, legal and institutional components for REDD+ as well as providing recommendations on a sustainable financing mechanism for REDD+ implementation to be endorsed by the National Committee on REDD+. In this context, Frankfurt School was commissioned to carry out a study to identify and propose a financing mechanism that will contribute to emission reductions from activities that include conservation, sustainable management of forests and enhancement of forest carbon stocks, reducing deforestation, as well as improving capacity and stakeholder participation into an overall integrated forest management plan in Malaysia. This financial mechanism, after approval and endorsement by the National Committee on REDD+, will allow Malaysia to attract investment for the implementation of REDD+.
|The study conducted by Frankfurt School will build on on-going best practices being undertaken in managing the forest and will enable decision makers to make protection of forest and carbon stock a viable option that is able to compete with other land use and development plans. The Malaysian government committed to maintain a minimum of 50% of its land area with natural forest cover at COP 15 and voluntarily reduce its emissions intensity of GDP by up to 40% based on 2005 levels by 2020, but conditional upon receiving financial support and technology transfer from developed countries (Annex 1 Parties), in line with Article 4(7) of UNFCCC. The sustainable financing mechanism recommended will help to achieve these goals as well as outline the capitalisation or generation of resources, the delivery of finance or assistance, and the institutional arrangements.|