The Prince’s Rainforests Project believes that any mechanism to address deforestation must generate sufficient funding to make the trees worth more alive than dead. It must also create clear development benefits for Rainforest Nations, while demonstrating to funding nations that forest conservation results are being achieved.
After consultation with a wide range of stakeholders, the PRP designed an emergency package that conformed to the following principles:
- To deliver a significant reduction in tropical deforestation in the near-term by addressing the underlying drivers;
- To assist Rainforest Nations to deploy funds on cross-sectoral, alternative development programmes, with full involvement of local communities and indigenous peoples;
- To use a funding mechanism that draws on the combined strengths of the public and private sectors in developed countries;
- To create a light, temporary global institutional framework that acts as a bridge to a long-term UNFCCC solution;
- To take global action to support rainforest programmes by making sustainably produced products more attractive to consumers and more lucrative to producers.
For more details, download the PRP report here [PDF 2.3MB]