Climate Investment Funds (CIF)- Forest Investment Program (FIP)
The Forest Investment Program (FIP), is one of three targeted programs that make up the Strategic Climate Fund (SCF) of the Climate Investment Funds (CIFs).
The FIP addresses the drivers of deforestation and forest degradation by supporting developing countries’ efforts to reduce deforestation and forest degradation (REDD), while promoting sustainable forest management. FIP provides financing to developing countries for developing institutional capacity, and for public and private investments that are identified through REDD readiness strategies.
Along with supporting the public sector, FIP's Private Sector Set Asides (PSSAs) allocate concessional financing to projects that engage the private sector in sustainable forestry. The FIP’s Dedicated Grant Mechanism for Indigenous Peoples and Local Communities (DGM), is designed and led by representatives of indigenous peoples groups and local communities to set priorities and implement programs aimed at conserving their natural environment, and to enhance capacity in engaging with local, national, and international REDD+ dialogue and actions.
The FIP has four objectives:
- Initiate and facilitate transformational change in developing countries’ forest related policies and practices;
- 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.
Cumulative pledges: USD 737 million as of September 2019.
Investment Plan preparation, submission and approval may take up to 2 years.
Project preparation, submission and approval by the FIP sub-committee maximum 2 years.