PARAMARIBO, Suriname, CMC – The Participants Committee of the Forest Carbon Partnership Facility (FCPF) of the World Bank has approved Suriname’s Readiness Preparation Proposal (R-PP 2013).
The country will also receive nearly four million (S) dollars to prepare for its participation in the United Nations REDD+ initiatives aimed at reducing emissions from deforestation and enhancing forest carbon stocks.
“Finally the international community has understood Suriname’s vision and validated that with this approval,” said John Goedschalk, Director of the Climate Compatible Development Agency (CCDA), which directs Suriname’s climate change efforts.
“Now that the R-PP has been approved, a new preparation phase starts that will enable Suriname to fully participate in the REDD+ mechanisms,” the CCDA said, noting that the US$ 3.8 grant is not a payment for sustainable forest management, but support for formulating and preparing for the participation in the REDD+ mechanisms, which are expected to take effect as of 2020.
The UN’s Collaborative Programme on Reducing Emissions from Deforestation and Forest Degradation is a set of steps designed to use market and financial incentives to encourage forest rich countries to reduce deforestation and forest degradation. Its objective is to reduce greenhouse gases. Estimates are that for deforestation and forest degradation reportedly account for 20-25 per cent of greenhouse gas emissions, higher than the transportation sector.
Suriname, which has one of the lowest deforestation rates in the world, has since 2009 undertaken efforts to participate in the REDD+ mechanisms.
The proposals for the country were drafted with the help of international experts, with partial financing by Guiana Shield Facility.
Suriname is one of six forest rich countries who now share US$ 23 million earmarked for national REDD+ readiness programmes. The other countries are Chile, Honduras, Papua New Guinea, Thailand and Vanuatu.