Central African Forest Commission (COMIFAC)

To achieve real and measurable benefits for the climate, COMIFAC states  that policy approaches and positive incentives should be based on a basket  approach designed to address the differing dynamics of the forest sector  within developing countries, linked with substantial emissions reduction  commitments in developed countries. Within this context, three voluntary  funding options, similar to the proposal by CfRN, are available for three  distinct deforestation phases. Firstly, an enabling fund would be needed  to build capacity with reference scenarios and policy measures to reduce  deforestation. Secondly, a stabilisation fund would be used in countries  with currently low rates of deforestation to protect and maintain carbon  stocks; funding could come from a share of proceeds from REDD credits  combined with additional funds provided by Annex I countries through  ODA or taxation. Third, a REDD mechanism, whereby positive incentives  are awarded for emissions reductions below a reference scenario (RS) could  provide positive incentives for REDD. The RS would be a combination of  a historical reference emissions rate (RER) and a development adjustment  factor (DAF).

Given the diversity of national circumstances, it is essential to be flexible  in selecting approaches and relevant action levels for consideration; both  national and sub-national approaches are compatible and relevant in Congo  Basin countries.