The analysis shows that aggregate pledges of both public and private finance are significant, at more than US $8.7 billion for the period between 2006 and March 2014, but the pace of new pledges slowed after 2010.
The public sector contributes nearly 90% of reported REDD+ finance, with the majority of funding concentrated among a relatively small number of donors and recipient countries.
The paper analyses early experience with performance-based finance, although such finance represents less than two-fifths of pledges to date.
The extent to which new institutions in the climate finance architecture such as the Green Climate Fund will provide a new and effective channel for increasing support for REDD+ remains to be seen.
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state-redd-finance-working-paper-378
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