Creating a Multilateral Wealth Fund for a Global Public Good: Proposed Approach to Assessing Performance and Awarding Returns for a Tropical Forest Finance Facility

51 Pages Posted: 26 Jul 2018

See all articles by Michael S. Wolosin

Michael S. Wolosin

Resources for the Future; Climate Advisers

Michele de Nevers

Center for Global Development

Kenneth Lay

Priority Transactions Group LLC

Patricia Bliss-Guest

Priority Transactions Group LLC

Date Written: June 14, 2018

Abstract

The Tropical Forest Finance Facility is a proposal to establish a pay-for-performance mechanism to finance reduced deforestation of tropical forests. The proposal would maximize the efficient use of public credit and builds on major technology breakthroughs for measuring results. This paper proposes a logical framework for understanding the current landscape of international forest finance to explore options for the potential role of the TFFF, and recommends pursuing it as a tropical forest public goods facility to support both development objectives and global public goods objectives. It explains proposed options for assessing performance and allocating returns to the TFFF to achieve these objectives.

Suggested Citation

Wolosin, Michael S. and Wolosin, Michael S. and de Nevers, Michele and Lay, Kenneth and Bliss-Guest, Patricia, Creating a Multilateral Wealth Fund for a Global Public Good: Proposed Approach to Assessing Performance and Awarding Returns for a Tropical Forest Finance Facility (June 14, 2018). Center for Global Development Working Paper No. 486, Available at SSRN: https://ssrn.com/abstract=3208866 or http://dx.doi.org/10.2139/ssrn.3208866

Michael S. Wolosin

Resources for the Future ( email )

1616 P Street, NW
Washington, DC 20036
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202-328-5040 (Phone)

HOME PAGE: http://www.rff.org/Researchers/Pages/ResearchersBio.aspx?ResearcherID=1933

Climate Advisers ( email )

1616 P St. NW
Washington, DC 20036
United States
202-328-5040 (Phone)

HOME PAGE: http://www.climateadvisers.com/wolosin.htm

Michele De Nevers (Contact Author)

Center for Global Development ( email )

2055 L St. NW
5th floor
Washington, DC 20036
United States

Kenneth Lay

Priority Transactions Group LLC ( email )

Glenrock, WY
United States

Patricia Bliss-Guest

Priority Transactions Group LLC ( email )

Glenrock, WY
United States

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