Forest Investment Program (FIP)
The FIP supports developing countries’ efforts to reduce deforestation and forest degradation (REDD) and promotes sustainable forest management that leads to emission reductions and the protection of carbon reservoirs.
The program provides scaled-up financing to developing countries for readiness reforms and public and private investments, identified through national REDD readiness or equivalent strategies.
The FIP takes into account country-led priorities and strategies for the containment of REDD, while building on existing forest or related initiatives. It promotes programmatic investments aimed at transformational change in the forest sector or sectors affecting forests.
- Investments that build institutional capacity, forest governance and information;
- Investments in forest mitigation efforts, including forest ecosystem services; and
- Investments outside the forest sector necessary to reduce the pressure on forests such as alternative livelihood and poverty reduction opportunities.
FIP investments also mainstream climate resilience considerations and contribute to multiple co-benefits such as biodiversity conservation, protection of the rights of indigenous peoples and local communities, and poverty reduction through rural livelihoods enhancements.
- Initiate and facilitate transformational change in developing countries’ forest related policies and practices, by:
- Facilitate the leveraging of additional and sustained financial resources for REDD, including through a possible UNFCCC forest mechanism, leading to an effective and sustained reduction of deforestation and forest degradation, and enhancing the sustainable management of forests;
- Pilot replicable models to generate understanding and learning of the links between the implementation of forest-related investments, policies and measures and long-term emission reductions and conservation, sustainable management of forests and the enhancement of forest carbon stocks in developing countries.; and
- Provide valuable experience and feedback in the context of the UNFCCC deliberations on REDD.
Outputs and resources
For more details, see the Climate Funds website.