UNFCCC Bonn negotiating session makes progress on REDD+
The United Nations Framework Convention on Climate Change (UNFCCC) held a full negotiating session in Bonn, Germany from 6-17 June. Over 3,500 participants came to Bonn, from Governments, Inter-Governmental organizations, Non Governmental Oranizations (NGOs), academia, the private sector, and media.
The meetings reached the following conclusions related to REDD+:
• By the COP 17 meeting later this year in Durban, parties under the Ad-Hoc Working Group on Long-term Cooperative Action (LCA) agreed to explore financing options for the full implementation of REDD+ results-based activities. While parties agreed that public financing should continue to play a lead role in the readiness phase, it was agreed that a basket of alternative financing options should be considered for the third, results-based phase of REDD. No agreement was reached on the potential role of carbon markets in financing REDD+.
• By COP 17, parties to the Subsidiary Body for Technical and Scientific Advice (SBSTA) agreed to develop approaches to reference levels and forest monitoring systems; to develop guidance relating to
safeguards; and to develop modalities for monitoring, reporting and verification (MRV) of anthropogenic forest‐related emissions, forest carbon stocks and forest area changes attibutable to the implementation of REDD+ activities.