Promoting investments in the agricultural, forestry and land use sectors through climate change finance mechanisms
2 July, 2008
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The ‘Rome 2007 Initiative’, launched in November 2007 by the GM in collaboration with the Food and Agriculture Organization of the United Nations (FAO) Investment Centre and Ecosecurites, aims to promote public-private investments in agriculture and rural development -with a particular focus on sustainable land management (SLM) - through existing and innovative climate change financial mechanisms.
As part of this initiative, the GM and FAO Investment Centre organized two side events on pertinent issues for the agriculture and land use sector in the Kyoto Post-2012 negotiations, at the 28th Session of the United Nations Framework Convention on Climate Change (UNFCCC) Subsidiary Bodies and Sessions of the Ad-hoc Working Groups, in June 2008.
The first event held on 10 June 2008, focused on 'Technical and financial issues in supporting Reduced Emissions from Deforestation and Degradation (REDD) processes in low carbon density forestlands'. The GM and FAO Investment Centre stressed how degradation of forestlands in arid and semiarid areas is a major contributor to desertification. Local communities in such areas are particularly vulnerable, and this is why it is essential to ensure low carbon density forestlands are included in REDD mechanisms. The GM and FAO are committed to navigating the technical and financial issues that need to be addressed in support of the negotiation process leading up to the UNFCCC Conference of the Parties (COP 15), in December 2009.
The second event on 13 June 2008, organized by FAO, the GM, the Tropical Agricultural Research and Higher Education Centre (CATIE) and the German Agency for Technical Cooperation (GTZ), was entitled, 'Climate change financing: fresh resources for sustainable land management or re-labelling?' This side event identified inputs and recommendations to be addressed iin the context of current discussions on the design of the post 2012 ‘climate change regime’, with a view to ensuring sustained investment flows into SLM to improve the livelihoods of rural communities in fragile and/or degraded areas. The event explored opportunities for and limits to mobilizing finance for SLM in the context of new and additional funds for climate change and global commons and discussed recommendations for increasing investment flows in SLM.
The GM also presented a joint initiative and proposal with FAO and Ecosecurities on a ‘Climate Change Investment Facility’ at the Business Council Sustainable Energy side event on ‘Shaping post-2012: linking systems, targets and strategies, and encouraging less-developed mitigation and adaptation sectors’ on 11 June 2008. Through the investment facility, the GM and other public and private partners will promote mitigation and adaptation activities in the agricultural, forestry and other land-use sectors.
Download briefing note on Rome Initiative 2007 (pdf, English, 37 kb)
For more information:
Mr Alejandro Kilpatrick
Coordinator, Climate Change and Environmental Service Strategic Programme
Tel. +39 06 5459 2524
a.kilpatrick (at) global-mechanism.org
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