Blog » Guyana REDD+ Investment Fund (GRIF)
Established in October 2010, Guyana REDD+ Investment Fund (GRIF) aims to reduce deforestation and forest degradation in Guyana by financing the related REDD+ capacity building and implementation activities. GRIF is intended to finance the implementation of Guyana’s national policy framework “Low Carbon Development Strategy (LCDS)” and capacity building activities. LCDS was developed after Norway and Guyana signed the Memorandum of Understanding (MoU) and Joint Concept Note (JCN) to establish GRIF. It is the over-arching policy for Guyana in implementing REDD+ activities for GRIF, including REDD+ governance development plan and MRV roadmap.
|Sector||Forestry and land use|
|Timeframe||2010-2015 (Initial plan); extension for another 5 years is decided|
|Volume||The fund was to receive up to US$ 250 million from Norway until 2015.|
|Donor(s)||Norway will be the first contributor; however there is flexibility to allow other contributors to participate.|
|Implementer(s)||Specialized agency of the UN that is a member of the UN Development Group|
|Final beneficiary||Local communities, land owners and small business enterprises|
|Inputs and activities||1) Inputs: Finance, knowledge from the actor involved in the design and implementation of the program. 2) Activities: Phase 1. Establishment of national framework to adopt the REDD+ model; Phase 2. Capacity building for implementing REDD+; Phase 3. REDD+ support result base payment based on several performance indicator.|
|On which level are RBCFs used?|| At the program level, countries need to have proper capacity for national level MRV system to achieve results before being eligible for results-based financing.
At the project level, payments are made based on RBCF modality.
|Disbursement linked indicator(s)||Deforestation and degradation rates against baseline, and tCO2e|
|Purpose / Goal|
|Outputs||1) Strategies for implementation of low carbon activities developed; 2) Appropriate national level MRV system built; 3) Deforestation aspect: Certain amount of forestland preserved - not converted to a non-forest use; 4) Degradation aspect: e.g. certain measures to prevent forest fire adopted and certain actions to ban illegal logging activities taken.|
|Outcomes||1) Enhanced national capacity to adopt and implement REDD+ MRV activities; 2) Improved situation with regard to deforestation and degradation in Guyana.|
|Impacts||1) Combat climate change by emission reduction activities; 2) Promote economic growth and development for indigenous people through conservation of forest.|
|On which of these levels are measurable indicators defined / formulated?||Output|
|Type of support granted:||1) GRIF and Implementing agencies offer policy advice; 2) initial grants are offered for capacity building activities; 3) Payments (grants) against verified results.|
|How is the payment related to the goal(s)?|| Payments are based on an independent verification of Guyana's implementation of REDD+ enabling activities.
1) For deforestation activities, the reference measure is a deforestation rate of 0.275% (the average of Guyana historical deforestation rates + global average deforestation rates 2005-2010). If the deforestation rate increases above 0.1%, no payment will be made; if the rate increases beyond 0.056% (Benchmark Year 1 rate), the payment will be reduced;
2) For degradation activities, the benchmarks for certain activities are relatively definable, e.g. a benchmark of a degradation area of 4368ha is used to assess Indicator 2.3. For other activities, verification methodology on results are less defined --- in some cases with manual inspection and interviews with forest authorities, e.g. a default factor of 15% is used in illegal logging activities in absence of "hard" data.