Forest Investment Program (Strategic Climate Fund)
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.
REDD+; Climate resilience; Forestry; Sustainable land management; Capacity building.
Public and private entities
Eligible Projects or Programmes:
The fund supports initiatives for the reduction of greenhouse gas emissions causing deforestation, and it promotes sustainable forest use; institutional capacity-building; and non-forest investments for the alleviation of pressure on the forestry sector. Particular consideration will be given to initiatives that mainstream indigenous peoples' rights and climate change resilience into their agenda.
The following criteria are based on the initial guidance provided in the FIP Design Document as to what constitutes transformational change in the context of FIP and the need for proof of going beyond business-as-usual: (a) Climate change mitigation potential. (b) Demonstration potential at scale. (c) Cost-effectiveness. (d) Implementation potential. (e) Integrating sustainable development (co-benefits). (f) Safeguards.
Proposal evaluation criteria:
The FIP will use criteria and the indicators listed in their website to review investment strategies, programs and projects and to prioritize programs or projects, with a view to maximizing the transformational impact of FIP resources proposals should address: a) Climate change mitigation potential. b) Consistency with FIP objectives and principles. c) Drivers of deforestation and forest degradation. d) Inclusive processes and participation of all important stakeholders, including indigenous peoples and local communities. e) Demonstration impact. f) Forest-related governance. g) Safeguarding the integrity of natural forests. h) Partnership with private sector. i) Economic and financial viability: FIP investment strategies, programs and projects should catalyze self/sustaining financially profitable models for REDD at scale without the need for continuing subsidies; j) Capacity building.
How to Apply:
1. FIP-Steering Commitee agree upon number of country or regional pilots and criteria for country selection; CIF Administrative Unit, through MDBs to inform countries and invite expression of interest.
2. Country-led joint MDBs mission to assist the development of Investment Strategy.
3. Endorsement of Investment Strategy by FIP-SC followed by further development of programs/projects concepts. For more information about how to apply, visit the official website.