Forests have been receiving increased attention over the past few years, particularly through international climate change negotiations and efforts to develop a mechanism for reducing emissions from deforestation and forest degradation. In many forest-rich countries, the implementation of the recently declared COP21 INDC1 targets builds significantly on greenhouse gas (GHG) emission reductions and emission avoidance related to forests. Most of these countries will require considerable new investments in forestry that can be realized only through an increased level of financing over the next few years. Given the scale of the financing requirements, prevailing macroeconomic conditions, and fiscal constraints, it is unlikely that these countries will be able to fund these programs alone.
Details
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Author
Sander,Klas, Wolf,Gregor V., Gotz,Gunnar Fabian, Gretzinger,Steven Paul
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Document Date
2017/06/01
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Document Type
Working Paper
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Report Number
120454
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Volume No
1
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Total Volume(s)
1
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Country
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Region
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Disclosure Date
2017/10/16
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Disclosure Status
Disclosed
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Doc Name
Demystifying forest bonds: assessing the suitability of bonds as a financing instrument to meet forest-based NDC targets
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Keywords
bond;environment and natural resources management;intergovernmental panel on climate change;forest investment;Internal rate of return;international climate change negotiations;small and medium size enterprise;Environment, Social and Governance;Reducing Emissions from Deforestation;Environment, Social & Governance;forest sector;sustainable forest management;forest activities;public sector entity;public sector model;
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Citation
Sander,Klas Wolf,Gregor V. Gotz,Gunnar Fabian Gretzinger,Steven Paul
Demystifying forest bonds: assessing the suitability of bonds as a financing instrument to meet forest-based NDC targets (English). Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/447871508182931266/Demystifying-forest-bonds-assessing-the-suitability-of-bonds-as-a-financing-instrument-to-meet-forest-based-NDC-targets