A National Investment Framework to address drivers while promoting economic diversification
|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
Expected closure: 31 December 2019
|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|
Thanks to CAFI funding and with FAO support, estimations of the forest cover of Equatorial Guinea are now of 2.5 million hectares, covering 93% of the country, and its carbon reserves at 195 million tons. The annual deforestation rate is 0.3% (87,000 ha/year), whilst forest degradation, though hard to quantify, may even be a larger problem at 0.9% (270,000 ha/year), due in part to commercial logging for export to Asia and Europe.
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.
A spatial and qualitative study of the direct and underlying causes of deforestation and forest degradation for the period 2004-2014 was finalized and validated in 2017. The study will inform the national REDD+ process, supporting decision-making and planning of future socio-economic development policies, land and natural resources management, and guide investments to reduce impacts on forests and emissions.
Implemented consultation and gender action plan and unrolled its communications strategy: in 14 international and national press releases, REDD+ explainer video for national TV, two workshops on Forests, climate and REDD+ for journalists and distribution of promotional products.