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.
Main donors, levels of funding committed and disbursed to Peru between 2009 and 2011:
The chart shows the relative levels of funding donors have committed as well as the proportion disbursed to their recipients by the end of 2012. The percentage of committed funding that has been disbursed varies from 0% to 100%. The average disbursement percentage is 73%; however, only 34% of the total of REDD+ funds committed to Peru have been disbursed. This is because several larger, donations, such as that from the government of Finland, represent large multi-year commitments, with disbursement schedules running over five year periods.
By 2012, approximately half of the total funds disbursed came from just two donors, the government of Norway and the Gordon and Betty Moore Foundation.
The chart maps the geographic distribution of the main donors to Peru and cumulative support by geographic location of donor headquarters. This chart therefore shows the growing importance of both government and non-government actors in financing for REDD+. For Peru, a large portion of REDD+ funding is coming from the US and the governments of Finland and Norway.
Multilaterals and other types of internationally focused donor institutions are shown in the purple pie chart. The supranational institution, Amazon Forest Carbon Partnership (AFCP), which is a joint initiative between national environmental funds in Bolivia, Brazil, Ecuador, Colombia and Peru, is shown as well.
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