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Forest Carbon Partnership Facility (FCPF) Readiness Procedures July 9, 2008. Financing for Phase I Upon Selection to the FCPF, each country can access US$200,000 from the Readiness Trust Fund to begin preparation of its Readiness Plan All FCPF Readiness funds are provided as grants
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Forest Carbon Partnership Facility (FCPF) Readiness Procedures July 9, 2008
Financing for Phase I • Upon Selection to the FCPF, each country can access US$200,000 from the Readiness Trust Fund to begin preparation of its Readiness Plan • All FCPF Readiness funds are provided as grants • Requirements: • Signing FCPF Participation Agreement (initiated immediately after selection) • Prepare and submit simple proposal for activities to be undertaken in preparing the Readiness Plan (How will your country spend the US$200,000?) Allocating Funds for Readiness Work
Financing for Phase I • Possibility of signing, at the start of Phase I, a “framework” Grant Agreement that also includes $$ for Phase II. The objective of this option is to simplify the legal process into one step and reduce time & effort later on (i.e., one agreement to be approved instead of two; less need for an amended agreement) • Flexibility to do two (or more) smaller grant agreements remains, if a selected REDD Country does not want a larger framework agreement (due to Parliamentary difficulties or other constraints) Allocating Funds for Readiness Work
Financing for Phase II • Framework Grant Agreements enable access to additional grants of “up to US$1.8 million” for Component II (hence $2 million in total, including the initial US$200,000) • Phase II still requires detailed implementation and procurement plans that fully justify the additional amounts (per Readiness presentation) • A streamlined review process will be proposed to the Participants Committee (PC) – e.g., their Technical Advisory Panel (TAP) may provide review and guidance for this second phase, with approval only on a no-objection basis (by “virtual review”) by the PC. Allocating Funds for Readiness Work
Financing for Phase II • For REDD Countries that believe they need above US$2 million for Readiness work – opportunity will also exist to amend the Framework Grant Agreement and go above that amount. • However, it is proposed that a streamlined review process will not be possible in these cases – the PC would need to approve in a full meeting any amounts above US$2 million, based on detailed implementation plans. Allocating Funds for Readiness Work
A REDD reference scenario established, based on historic emissions and ev. modeling. Ideally follows guidance from UNFCCC. • An economically effective, efficient and socially equitable REDD strategy formulated and vetted through a meaningful policy/stakeholder consultation process. • A monitoring and verification system designed and implemented • REDD infrastructure established: • National coordination of activities • Ownership of ER • Distribution of ER revenues, etc. Readinessdefined
UN-REDD, bilateral donors, NGOs, foundations FCPF Readiness Readiness Phasesandimplementation FIF FCPF Carbon F.
Readiness Mechanism 1st Phase (U$200,000) REDD countries prepares the Readiness Plan • Definition of objectives/strategies and responsibilities • First Planning Workshop • Preparation of main ToRs for Plan • Preparation of Consultation Plan • Stock taking of existing information and assessment of knowledge gaps R-Plan Readiness Process 2nd Phase (up to U$1.8 million) REDD countries implement the Readiness Plan • Identification of most effective and efficient strategies (incl. policy changes) • Methodology work (Ref. emission level) • Design and implementation of Monitoring system • Identification of Investment needs Country “ready” 3rd Phase (U$ million)
R-PIN approval by Steering Committee • Participants Agreement signed • Country provides Procurement plan for initial preparation phase • Signature of Grant Agreement • Stock taking of existing information and assessment of knowledge gaps • Setting of objectives and activities for the R-PLAN involving some key stakeholders • Preparation of stakeholder consultation plan • Develop TORs for initial analytical work • 5. Readiness Plan submitted and approved based on no-objection by PC • Preparation of Readiness Strategy • REDD infrastructure • Incl. SEA, stakeholder consultation • Design and Impl. of monitoring activities • Reference Case Setting • 6. Readiness Package finalized = country is ready Grants US$ 200,000 Readiness Process Up to US$ 1,800,000 Higher amounts need PC approval