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REDD+ and the private sector: tapping into domestic markets
Uncertainties in the international carbon market make it imperative the UN’s REDD+ framework engages a wider spectrum of the private sector than just international companies and investors. Countries with REDD+ programmes should work with their domestic private sector to provide the missing momentum. Micro, small and medium-sized enterprises are crucial, as these usually dominate in forest- and agriculture-based economies. Engaging these businesses needs policy support that builds private and public partnerships. Experience from Tanzania and Mozambique shows existing policies and laws can support national REDD+ efforts to engage the private sector at scale. But strengthening policy and providing more targeted support would accelerate economic and environmental gains.
IIED is working with partners to understand and document the scale of private sector engagement with REDD+, which aims to reduce emissions and conserve forests in specific countries. We are doing this by developing a series of national-level case studies and a global database.
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Private sector involvement with REDD+