Addressing the drivers of deforestation and forest degradation while promoting sustainable development
“The support from CAFI is a priority for the Government of Equatorial Guinea: it aligns with the national economic and social
development policy articulated in “Horizon 2020”, reflecting the engagement of the Government to protect the environment in general, and conserve and protect forests in particular”.
His Excellency Eucario Bakale Angue Oyana, Minister of Economy, Planning and Public Investments
|CAFI Preparatory grant||
Approved by the CAFI Executive Board on 7 November 2016 (Decision EB.2016.22)
1 million US$ to develop a National REDD+ Investment Framework
|Responsible Governmental Party||Ministry for the Economy, Planning and Public Investments|
|Fund Transfer||See the MPTF Gateway CAFI page, under "projects"|
|Status||Elaboration of the National REDD+ Investment Framework|
The forest cover of Equatorial Guinea is estimated at 1.568 million hectares, covering 56% of the country, and its carbon reserves at 195 million tons.The deforestation rate ranges between 0.12% and 0.71%, whilst forest degradation, though hard to quantify, may even be a larger problem due in part to commercial logging for export to Asia and Europe.The drivers of deforestation and degradation have been preliminarily identified below. Yet a more detailed study, covering both the continental and island region, is now necessary.
Equatorial Guinea has made significant progress on REDD+ readiness in a relatively short time. For example, the country has established its institutional framework, and the Government has approved the proposals for REDD+ readiness. The country’s vision for the implementation of REDD + is through initiatives that address the drivers of deforestation and forest degradation while promoting sustainable development.
In November 2016 the CAFI Executive Board allocated 1 million US$ to support Equatorial Guinea to develop a REDD+ National Investment Plan (REDD+ NIP). This plan will guide and support initiatives with multiple partners and sectors needed to tackle deforestation.
This multi–sectorial plan will:
The REDD+ NIP will include pilot projects to test frameworks, concepts and strategic options at a sub-national level before adapting and applying them nationally.
The Ministry for the Economy, Planning and Public Investment leads the preparation of the REDD+ NIP, thus ensuring coordination between various ministerial departments and promoting approval at the highest levels of the government.
The Ministry leads an inter-ministerial Steering Committee that oversees the preparation of the REDD+ NIP. This committee includes more than 10 ministerial departments: Fisheries and Environment (Vice- Chair); Agriculture and Forests (Secretariat); Finance and Budget; Public works and Infrastructure; Mining, Industry and Energy; Interior and local authorities; Information, Press and Radio; Social Affairs and Women’s rights; National Security; Foreign Affairs and cooperation ; as well as representatives of the Senate and the Parliament, and of civil society, community leaders, the private sector and academia.