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DRC
Total REDD+ Finance Committed:
Total REDD+ Finance Disbursed:
The Democratic Republic of Congo has the largest extent of tropical rainforests in Africa, and second largest on earth, covering over 100 million hectares. Deforestation continues to be a major issue with agriculture, fuel wood, logging, mining, and hydroelectric projects posing the greatest threats.
The Democratic Republic of Congo is committed to taking action to reduce deforestation and mitigate climate change. DRC developed a REDD Readiness Preparation Proposal (R-PP), which was signed in March 2010 and an Emission Reductions Program Idea Note (ER-PIN) for the Mai-Ndombe province, which was approved in June 2013.
Overview: REDD+ finance flowing to DRC
DRC’s REDD+ financing landscape is set out below:
Flows of REDD+ finance between donors and recipients, 2009-2012
Funds committed and disbursed for REDD+ activities in DRC through 2012
Cumulative commitments and disbursements, 2009-2012
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Flows of REDD+ finance between donors and recipients, 2009-2012
Mapping the flows of REDD+ financing to DRC highlights that the largest donors of REDD+ finance from 2009 to 2012 are Multilateral Institutions, accounting for 95% of the total REDD+ funding. Both the private sector and private foundation are contributing the additional 5%.
The Ministry of Environment, Nature Conservation and Tourism (MECNT) is receiving US$29.6 million from Multilateral Institutions. International and local NGOs and academia are receiving US$14.8 million (24%) and US$10.98 million (18%), respectively.
The Private company, Nouvevelle Société d'Agriculture et d'élevage, is receiving US$3.5 million from Multilateral Institutions and is committing US$ 2.7 million in co-financing. The Moore Foundation is providing approximately US$0.5 million in co-financing to a CBFF project, which is being implemented by International NGO, Wood Hole Research Center.
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Funds committed and disbursed for REDD+ activities in DRC through 2012
An overview of the REDD+ financing landscape in DRC highlights that a large proportion of funds (30%) has been committed by the Congo Basin Forest Fund (African Development Bank- CBFF). Although not depicted, the Governments of Norway and Great Britain have each committed the initial financing for the CBFF. The CBFF has provided US$47 million to DRC with the majority (39%) going to the Ministry of Environment, Nature Conservation and Tourism (MECNT) and over 23% (US$10.79 million) going to local NGOs and academia. A local private company, NOVACEL received another 7% and international NGOs and academia received the remaining commitments from the CBFF (over 30%).
The UN-REDD and the World Bank’s FCPF have allocated their total commitment to the MECNT, US$7.4 million and US$3.8 million respectively.
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Cumulative commitments and disbursements, 2009-2012
There was a steady rise in funding over the period, increasing from US$9.1 million in 2009 to US$61.5 million in 2012. The disbursement rate, however, has remained reaching only 11% in 2012. REDDX data suggests that this low disbursement rate may be due to the lengthy application and approval process of the CBFF, which has yet to disburse any funding.
This project is part of the International Climate Initiative. The Federal Ministry for the Environment, Nature Conservation and Nuclear Safety supports this initiative on the basis of a decision adopted by the German Bundestag.