Financing REDD+ under the Paris Agreement: An IETA briefing paper

To achieve global climate and land degradation targets, it is crucial to address the significant financing gap for nature by 2050. Market-based mechanisms, particularly through the effective utilisation of Article 6, are vital for channelling finance and leveraging private sector investment to support these objectives. With COP29 underway and critical decisions pending, it is essential to emphasise the role of both market-based and non-market-based REDD+ approaches within the Paris Agreement. Ensuring that market-based REDD+ is integrated into the development and operationalisation of Article 6 will provide clarity and guidance for countries, corporations, and policymakers, enabling the expansion of REDD+ activities and helping to align global efforts with the goals of the Paris Agreement and the Glasgow Leaders’ Declaration on Forests and Land Use.

Read the full IETA paper.