The Warsaw Framework for REDD: Implications for National Implementation and Access to Results-Based Finance

Abstract

The Warsaw Framework for REDD (WFR) has established a robust and comprehensive framework for the effective and sustained implementation of REDD activities while aiming at environmental integrity and tangible results. A critical element of the WFR are the modalities for measuring, reporting and verifying (MRV) greenhouse gas emissions and removals as an essential tool for linking REDD activities to results-based finance.

This article describes the WFR and indicates six of its implications for the implementation of REDD in developing countries in the context of access to results-based finance. These include (1) the accumulative nature of the requirements to obtain results-based finance, (2) a higher degree of normative bindingness and (3) systematic integration of UNFCCC COP decisions on REDD.

Furthermore, (4) the WFR enhanced transparency of MRV processes and (5) promotes centralization at the national level, by linking MRV processes to reporting obligations of developing countries under the UNFCCC and by providing the opportunity of creating a voluntary national entity or focal point for REDD, increasing the (6) need for inter-sectoral and inter-agency coordination. While all six implications will be discussed, the article highlights in particular the aspects of centralization and increased transparency.

Keywords: results-based finance, MRV, transparency, accountability, centralization

JEL Classification: K33, K32