REDD countries

The main sources of finance for REDD activities in Peru are international. The Forest Carbon Partnership Facility (FCPF) committed a US$3.6 million grant (FCPF, 2011) for Peru, with the Moore Foundation and the German Development Bank (KFW) also providing funding for Peru’s REDD readiness for US$2 million and US$7.8 million respectively. Peru is set to access funding of up to US$30-50 million under the Forest Investment Program (CIF, 2012) and in 2011 CIF approved the Investment Preparation Plan Grant for Peru (FIP, n.d.) for US$250,000 (CIF, n.d.). The Peruvian and the Japanese Government agreed a long term loan for US$40 million for the National Forest Conservation Program for the Mitigation of Climate Change and the German and American governments provide bilateral support for Peru’s forest and climate change initiatives. There are a few REDD+ projects which have already received validation for selling carbon credits and are already generating carbon finance at the project level. The Madre de Dios REDD project and the reforestation of degraded lands in Reforestation with Native Commerical Species on Degraded Lands for Timber and Carbon Purposes in Campo Verde have both been validated by the CCB Standards, with the second one also being validated under the Verified Carbon Standards (VCS).