Finance deal rounds off UNFCCC talks on REDD+

An agreement reached on Friday on finance for REDD+ forestry projects in developing countries has been hailed as a high-point of last week’s UN climate talks in Warsaw and brings to a close seven years of discussions on the emission reduction scheme.

The final package of deals on REDD+ places the Green Climate Fund in a key role, channelling money to developing nations and helping catalyse other sources of finance.

This is a shift away from the market-based approach that dominated discussions a couple of years ago but the door has been left open to other forms of funding.