Peru has a forest cover 73.3 million hectares, including part of the Amazon Rainforest, which covers over 60% of the country’s territory. The Peruvian Ministry of Environment (MINAM) estimates the country’s annual deforestation rate at approximately 0.2%, which is relatively low. However, deforestation is considered the primary source of greenhouse gas (GHG) emissions in the country.
Peru submitted its Readiness Preparation Proposal (R-PP) to the Forest Carbon Partnership Facility (FCPF) in March 2011. The R-PP was under review throughout 2013, and the grant agreement is expected to be signed in early 2014. In addition, Peru recently presented the final version of its investment plan under the Forest Investment Program (FIP) and received the first tranche of funding to create a Dedicated Grant Mechanism for Indigenous Peoples and Local Communities. This FIP funding will be reported as part of the 2013 data in late 2014.
Financing flows and institutions receiving funds committed for REDD+ activities in Peru:
A majority of initial institutions or “first recipients” receiving funding for REDD+ activities in Peru are predominantly based in country. The Government of Peru, namely the Ministry of Environment (MINAM), is scheduled to receive approximately 16% of the total committed funds, while an additional 30% of these total funds have been allocated to Peruvian NGOs/Academic institutions. Additionally, international NGOs and academic institutions are scheduled to receive 28% of the total funds.
During preliminary data collection, the REDDX team and in-country partner, SPDA was unable to identify second tier recipients. A clearer picture will emerge as additional REDDX data collection continues.
An annual breakdown highlights that international institutions – including international NGOs with headquarters outside the country and international academic institutions – account for the largest proportion of funds committed in 2009 (62%).
The Government of Peru – namely, the Forestry Commission, the Forestry Research Institute of Peru and the Ministry of Lands & Natural Resources –was scheduled to receive just 12% of the total 2009 commitments. By 2010, the Government of Peru was to receive the majority of commitments (99% of funds committed in 2010 and 71% of funds committed in 2011).
Peruian institutions – including NGOs, academic institutions, consultants and community groups – were scheduled to receive 26% of 2009 and 29% of 2011 commitments.
The data presented below highlights levels of REDD+ financing committed and disbursed, main donors, recipients and REDD+ activities in the period between 2009 and 2012