Negotiations on a Letter of Intent have begun
|CAFI preparatory grant
Approved by the CAFI Executive Board on 8 February 2016 (decision EB 2016.01)
698,000 US$ to develop a National REDD+ Investment Framework
|Responsible Government Party||Ministry of Forest Economy, Sustainable Development and Environment|
|Implementing organization||World Bank|
|Status||Negotiations on a Letter of Intent have begun, based on the country's National Investment Framework.
In addition, the CAFI Executive Board a grant of US$ 314,173 to FAO to further develop the program proposal of the Republic of Congo to the Green Climate Fund (GCF) and contribute to the implementation of the National Investment Framework.
The Republic of Congo holds nearly 22.5 million hectares of forests – 65% of its territory – and boasts one of the lowest deforestation rate in the Congo basin (0.06% - 211,410 ha/year net, for 2000-2014). However, over 0.5 million hectares of forests could disappear every year between 2015 and 2020 due to the development of agricultural projects, notably cocoa and palm oil, that could become a majour source of CO2 emissions from the land use sector (est. 12.7 millions tons of CO2/year for 2015-2020).
REDD+ in the Republic of Congo is considered a “sustainable development tool” and a genuine “pillar of green economy”. Three strategic policy instruments anchor REDD+ in RoC beyond the forest sector:
On the basis of consensus on drivers, a National REDD+ Strategy was validated in July 2016. The country’s commitment to reducing deforestation was further demonstrated by the development of an Emissions Reduction Program (ER-P) in the Sangha and Likouala Departments. Selected by the Forest Carbon Partnership Facility in July 2014, the ER-P should generate nearly 11.7 million tCO2 in emission reductions by 2021.
To implement the National REDD+ Strategy, the CAFI Executive Board approved a preparatory grant of 698,000 US$ to support the Republic of Congo to develop a comprehensive REDD+ National Investment Framework (REDD+ NIF). The NIF was designed to centralize, channel and coordinate international, national, public and private funds to support the implementation of the National REDD+ Strategy.
The NIF is now recognized as an overarching strategic document which sets the priority policies and measures to foster sustainable land use and natural resources management.
It displays ambitious objectives, such as
In April 2019, the CAFI Board formalized in a decision its willingness to launch a policy dialogue and start the negotiations on a Letter of Intent with the Republic of Congo, with consideration of a minimum amount of US$ 45 million through the CAFI Trust Fund, and an additional minimum amount of US$ 20 million in new and aligned bilateral funding.
In the Republic of Congo, the Prime Minister leads the negotiations of the Letter of Intent and established an inter-ministerial working group under his office to pilot the implementation of the National Investment Framework.