An aerial view of deforestation © Greenpeace / Daniel Beltrá
The Prince’s Rainforests Project (PRP) has developed a proposal for emergency funding to help protect rainforests and to use incentives to encourage rainforest nations to continue to develop without the need for deforestation.
Our goal is to achieve a relatively fast and certainly significant reduction in tropical deforestation by helping rainforest nations to focus instead on alternative, more environmentally friendly (low-carbon) economic development activity.
The PRP Emergency Package proposal aims to produce sizeable funding quickly. This money will come from an innovative public-private partnership in developed countries, which could include the issuing of Rainforest Bonds.
A temporary move to fill the funding gap
This Emergency Package will also fill the current funding gap that exists before the money to be raised under the United Nations Framework Convention on Climate Change (UNFCCC) negotiations is available to rainforest nations at scale.
The initiatives that we are proposing will also help accelerate rainforest countries’ access to the new UNFCCC arrangements.
A Catalyst for Action
Our proposal does not contain all the answers. In some cases, it simply sets out alternative options for how incentives could work. So our work goes on…
On 1st April 2009, The Prince of Wales hosted an historic meeting of world leaders, who came together to discuss possible ways to reduce tropical deforestation. They agreed to form an international Working Group to consider the issue. This Working Group will study the PRP proposal, along with other suggestions from governments and international organisations, before making recommendations for a co-ordinated, global plan of action.
Download the latest report from the Informal Working Group on Interim Finance for REDD, 27th October 2009 [500KB PDF format]
Throughout 2009, we will continue to work with a wide range of interested parties to refine our proposals and to align them with similar ideas that are being developed around the world.
To succeed, this Emergency Package needs the support of the governments and communities of rainforest nations as well as the governments of major developed countries. It also requires active involvement from private investors.
We very much hope that our proposal gets that support – and that it will act as a catalyst for co-ordinated global action against the issue of tropical deforestation.
For further information about the PRP’s Emergency Package, download the full report An Emergency Package for Tropical Rainforest [PDF 2.3MB]
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French summary of the Emergency Package [PDF 910KB] |
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German summary of the Emergency Package [PDF 610 KB] |
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Portuguese summary of the Emergency Package [PDF 910KB] |
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Spanish summary of the Emergency Package [PDF 610KB] |
