Support to pilot innovative sources of finance and market mechanisms
Cooperating agencies: FAO, GEF, IFAD, UNFCCC Secretariat, UNFF, World Bank Group, WFP
Development of a voluntary global financial mechanism/portfolio approach/forest financing framework for all types of forests to support the implementation of the Non-Legally Binding Instrument on All Types of Forests and the achievement of the Global objectives on Forests;
support of efforts to customize new insurance and re-insurance products for catastrophic and climate-related risks and expand their reach;
promotion of Payment for Environmental Services as an incentive for carbon sequestration/mitigation at the community level.