More barriers than drivers for private sector engagement

By Elizabeth Kahurani

A new study into private-sector engagement with the REDD+ (Reducing emissions from Deforestation and First Degradation) mechanism has underscored the need for governments to boost demand by mitigating some of the risk factors. Specifically, Florence Bernard, Programme Associate at ASB Partnership, highlighted the need for policies that ‘address challenges to do with land tenure and carbon ownership, legal basis for private investment as well as appropriate social and environmental safeguards’.

The report stressed the importance of engaging with the private sector, which not only provides a vital avenue for financing, but also can provide access to technical expertise, capacity building and technological innovation.

The report is the result of a collaboration between the ASB Partnership for the Tropical Forest Margins at the World Agroforestry Centre (ASB-ICRAF) and the International Institute for Sustainable Development (IISD). It supports ongoing research conducted by ASB-ICRAF which has consistently found that the REDD+ mechanism is challenged by many issues related to measurement, monitoring, unclear forest definitions, respecting local community rights and equity. The Partnership advocates a Reducing Emissions from All Land Use framework, which not only addresses these barriers for the private sector but also addresses key sources of emissions from land-uses currently neglected by REDD+.

Read more about the private-sector study into REDD+ and ASB-ICRAFs ongoing research here.

Elizabeth Kahurani is the communications officer for the ASB Partnership for the Tropical Forest Margins, at the World Agroforestry Centre (ICRAF).