Progress on the New York Declaration on Forests Goal 9 Assessment Technical Annex to the Five-Year Assessment Report

The report finds that while nearly USD 4.7 billion in results-based finance has been committed since 2010, only 35% has been disbursed as of April 2019. It highlights the slow pace of negotiating Emission Reductions Payment Agreements (ERPAs) and a critical funding gap in the implementation phase of REDD+ activities. While forest carbon markets show some growth in voluntary demand, they remain a small fraction of global deforestation emissions. The document also details domestic payment mechanisms in Brazil, Colombia, and Costa Rica, and outlines various forms of support for jurisdictional-sourcing initiatives.

• Since 2010, bilateral and multilateral sources have committed nearly USD 4.7 billion in results-based finance for verified carbon emissions reductions, but as of April 2019, only approximately 35 percent of these funds have been disbursed or announced.
• The process for countries to enter results-based payment mechanisms is slow and challenging; only the Democratic Republic of the Congo, Mozambique, and Ghana have signed Emission Reductions Payment Agreements (ERPAs) under the FCPF Carbon Fund.
• There is a significant financing gap in 'Phase 2' (implementation) of REDD+ activities, as most donor funding is concentrated in the readiness phase (Phase 1) or the results-based payment phase (Phase 3).
• Forest carbon markets remain insufficient to compensate for deforestation, as the average annual volume of all carbon credits traded globally (roughly 6 megatons CO2e in compliance and 22 megatons CO2e in voluntary markets) is a small fraction of the 2,270 MtCO2e of global annual emissions from deforestation.
• Specific domestic financial mechanisms have been implemented to reward forest protection: Brazil uses the ICMS-Ecologicó ecological fiscal transfer scheme, Colombia utilizes a hybrid carbon tax to transfer funds to sustainable projects, and Costa Rica established the national forest fund, FONAFIFO, as part of a payment for ecosystem services (PES) scheme.
• In February 2019, the Green Climate Fund confirmed its first payment for deforestation-related emissions reductions, totaling USD 96.5 million to Brazil for results in the Amazon biome during 2014 and 2015.

APA

Forest Declaration Assessment (2019). Progress on the New York Declaration on Forests Goal 9 Assessment Technical Annex to the Five-Year Assessment Report. https://forestdeclaration.org/wp-content/uploads/2020/11/2019NYDFGoal9.pdf

Chicago

Forest Declaration Assessment. Progress on the New York Declaration on Forests Goal 9 Assessment Technical Annex to the Five-Year Assessment Report. 2019. https://forestdeclaration.org/wp-content/uploads/2020/11/2019NYDFGoal9.pdf.

Wikipedia

{{cite report |author=Forest Declaration Assessment |title=Progress on the New York Declaration on Forests Goal 9 Assessment Technical Annex to the Five-Year Assessment Report |date=September 2019 |url=https://forestdeclaration.org/wp-content/uploads/2020/11/2019NYDFGoal9.pdf |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{forestdeclarationassessment2019progress, author = {{Forest Declaration Assessment}}, title = {{Progress on the New York Declaration on Forests Goal 9 Assessment Technical Annex to the Five-Year Assessment Report}}, institution = {Forest Declaration Assessment}, year = {2019}, month = sep, url = {https://forestdeclaration.org/wp-content/uploads/2020/11/2019NYDFGoal9.pdf}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }