The REDD Plus Finance and Agriculture, London

Solutions from the Private sector hosted His Royal Highness Prince of Wales, International Sustainability Unit, London

The Prince’s Rainforest Project’s work focused on two very specific aims. The first, to identify appropriate incentives to encourage rainforest nations to slow their deforestation rates. The second, to raise awareness of the link between rainforests and climate change.

Current status

The IWG-IFR was set up in response to the meeting of world leaders at St James’s Palace in London on 1st April 2009. The IWG-IFR released a report of its findings in October 2009. It outlined an interim mechanism that could deliver reductions in deforestation of around 25% by 2015.

In May 2010, a meeting held in Oslo attended by Heads of State and Government, ministers and other representatives from some fifty countries concluded an agreement on reducing greenhouse gas emissions from deforestation. Around $4.5 billion has been pledged for the period 2010–2012 to support measures to reduce deforestation and forest degradation in developing countries. Read more about that agreement here.

His Royal Highness The Prince of Wales gave a keynote speech following an introduction by the co-chairs of the meeting, Prime Minister of Norway, Jens Stoltenberg and President of Indonesia, Susilo Bambang Yudhoyono. Both co-chairs were kind enough to recognise that the Prince’s work had made a significant contribution to the successful outcome of the REDD+ finance programme. Particular reference was made by them and other Heads of State to the meeting His Royal Highness hosted at St James Palace in April 2009 and the work of the PRP in bringing the forest agenda to the attention of world leaders.

The PRP now maintains a watching brief as the Governments and NGOs take the process forward. However, we are continuing to work with the public, private and NGO sectors to ensure that agriculture and its relationship with deforestation is maintained as a focus during the implementation of the Partnership Agreement. Our programme on these issues will be linked into our broader work being undertaken by The Prince’s Charities’ International Sustainability Unit (of which the PRP is a part) to help facilitate sustainable agriculture and sustainable fisheries’ management including innovative financial mechanisms to support them.

Our continued work with the public, private and NGO sectors aims to help build consensus on how to develop durable solutions which will underpin the mechanisms required to meet the challenges of climate change and natural resource depletion.