Liberia has a forest cover of 4.5 million hectares including 43% of the Upper Guinean forests, a biodiversity hotspot. Between 2005 and 2010, the national annual deforestation rate was 0.68%.
Following the Bali COP, Liberia submitted a Readiness Plan Idea Note (R-PIN) to the Forest Carbon Partnership Facility. The R-PIN was successfully received and Liberia was granted USD$200,000 to develop a Readiness Preparation Proposal (R-PP). The R-PP was approved in March 2012 and a preparation grant was signed in June 2012.
Liberia's REDD+ financing landscape is set out below:
Multilateral commitments to the Government of Liberia account for 41% of all REDD+ financing flowing to Liberia between 2009 and 2012. Donor government agencies are funding both international NGOs/academia and local, Liberian NGOs/academia but have not committed funds directly through bilateral agreements with the Government of Liberia.
Private foundations have committed 72% of their funding to local, Liberian NGOs/academic institutions and around 18% of their funding to international NGOs/academic institutions.
International NGOs/academic institutions have committed US$120,000 to other international NGOs/academic institutions for implementation of REDD+ activities in Liberia. In general, international NGOs/academic institutions tend to be recipients of REDD+ funding rather than donors. However, in some instances, international NGOs and academic institutions mobilize funding through direct public donations which are spent on activities. International NGOs/academic institutions are listed as donors when finance cannot be tracked back to another donor organization.
Together, the World Bank’s Forest Carbon Partnership Facility (FCPF), the Government of Norway and the Howard G. Buffett Foundation account for 84% of all REDD+ financial commitments to Liberia between 2009 and 2012.
Private foundations, including the AAGE V. Jensen Charity Foundation (AJVF), the Howard G. Buffett Foundation (HGBF), the McCall MacBain Foundation (MMF) and the Skoll Foundation have already disbursed all committed funding to recipients.
International NGOs (Fauna and Flora International, Birdlife International, CARE International) have together committed and disbursed a total of US$120,000 for REDD+ activities in Liberia. In general, international NGOs/academic institutions tend to be recipients of REDD+ funding rather than donors. However, in some instances, international NGOs and academic institutions mobilize funding through direct public donations which are spent on activities. International NGOs/academic institutions are listed as donors when finance cannot be tracked back to another donor organization.
Secondary institutions or "second recipients" receiving REDD+ finance where data has been collected are also displayed in the chart. In Liberia, of the US$3 million committed to international NGOs/academic institutions, 7.1% (US$212,582) has been passed on to local, Liberian NGOs/academic institutions including Fauna and Flora-Liberia (FFI-Liberia), the Society for the Conservation of Nature-Liberia (SCN-Liberia), Skills and Agricultural Development Services (SADS) and CARE Liberia.
Conservation International has passed on US$50,000 to the Environmental Law Institute (ELI), US$6,000 to the Liberian Ministry of State for Presidential Affairs and US$30,000 to international consultants to implement activities.
Low percentage transfers of funding from first to second recipients should not be seen as a failure to implement REDD+ activities in Liberia. First and second recipients may pass funding to other organizations to implement activities, commit funding directly to local communities or households for payments for environmental services, or implement the activities directly themselves. A clearer picture will emerge as additional REDDX data collection continues.
Total cumulative commitments increased relatively consistently between 2009 and 2011 reaching US$5m by the end of 2011. Commitments increased by 53% in 2012, taking the total REDD+ finance tracked in Liberia to US$9.5 million. Donors have been relatively quick at disbursing funding to date. In 2010 and 2011, over 80% of committed funding had been released by donors. With a number of multi-year commitments signed in 2012, it is expected that the disbursement rate will increase over the next few years.