Financing Readiness

Insights from the Amazon Fund and Congo Basin Forest Fund’s Efforts to Reduce Emissions from Deforestation and Degradation

This paper considers the activities financed by the Brazilian Amazon Fund and the Congo Basin Forest Fund (CBFF) over the past five years, reflecting different priorities and substantially different recipient country contexts. The authors first reflect on the evolution of REDD+ to include readiness support, and the complexities of the concept of readiness finance, whose relevance for the effective use of climate finance in general is increasingly recognized. We then review the activities financed by the Amazon Fund and CBFF. They conclude by considering the implications of both funds experiences for our understanding of readiness.

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