The World Bank has approved a climate investment mechanism to be implemented by indigenous peoples and local communities seeking to address deforestation and forest degradation.
31 March 2015: The World Bank has approved a climate investment mechanism to be implemented by indigenous peoples and local communities seeking to address deforestation and forest degradation.
The Dedicated Grant Mechanism (DGM) for Indigenous Peoples and Local Communities is funded through the Climate Investment Funds (CIF) Forest Investment Program (FIP). The DGM is unique in that it targets forest-dependent communities, which will be responsible for project design and implementation. In doing so the fund aims to put forest conservation in the hands of local people while increasing the capacity of indigenous peoples and local communities’ representatives to participate in REDD+ climate negotiations and financing decisions.
Conservation International has been selected as the Global Executing Agency for the DGM and responsible agency for knowledge sharing and learning. Projects have already been approved in Brazil and globally for a learning support project with proposals under development in Burkina Faso, the Democratic Republic of the Congo (DRC) and Peru. [Website: Dedicated Grant Mechanism] [World Bank Press Release] [Conservation International Press Release]