The FIP supports developing country efforts to reduce deforestation and forest degradation and promote sustainable forest management that leads to emissions reductions and enhancement of forest carbon stocks (REDD+). FIP financing complements large-scale investments and leverages additional resources, including from the private sector, to:
• Promote forest mitigation efforts, including protection of forest ecosystem services.
• Provide support outside the forest sector to reduce pressure on forests.
• Help countries strengthen institutional capacity, forest governance, and forest-related knowledge.
• Mainstream climate resilience considerations and contribute to biodiversity conservation, protection of the rights of indigenous peoples and local communities, and poverty reduction through rural livelihoods enhancements.