Consultation on REDD+ Finance Mechanism

25 February 2019

 

 

Consultation workshop on REDD+ Finance Mechanism was conducted at Amara Hotel in Nay Pyi Taw. Half day workshop was intended to analyze the most suitable REDD+ funding sources for Myanmar. REDD+ Countries adopt a variety of methods to fund their activities for REDD+. For this purpose, most nations have chosen to set up a National REDD+ Fund – either a stand-alone fund or a sub-fund of an existing fund related to the environment.

 

On the opening session of REDD+ Finance Mechanism Workshop, Dr. Thaung Naing Oo, Director of Forest Research Institute addressed welcome speech. In his remark, he said, “There are some possible Finance sources for consideration of REDD+ Finance in Myanmar context. For example, Bilateral funds between Myanmar and Japan, Myanmar and Korea and so on. And we should think about domestic private sector finance too. There may be many private companies which are interested in Environment and would like to support or collaborate in Environmental Conservation Activities such as Forest Conservation.”

 

And then, Mr. Timothy Boyle, Chief Technical Advisor of UN-REDD Programme presented about introduction to options on REDD+ Finance Mechanism. In his presentation, he also highlighted the multiple REDD+ Financing Sources for REDD+ Phase 2 (Financing for implementing REDD+ strategy) and REDD+ Phase 3 (Finance for achieving REDD+ reduced emission levels). He said, “if we have a National REDD+ Strategy and compelling REDD+ Finance Mechanism, there will be more chances for additional funding or contribution from Donors.”

 

After it, Participants discussed in group for potential financial options for Myanmar and gave their feedbacks and recommendations. 23 participants from Forest Department, General Administration Department, Planning Department, Environmental Conservation Department, Department of Fisheries, Myanmar Forest Association, CHRO, Point, MERN, IP/EN Network, and FREDA actively participated in the workshop.

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