This report aims to provide potential REDD+ donors with an analysis of a number of factors to take into account in investment decisions. Focus lies on issues especially relevant for public donors such as governments, and less for private investors. However, hopefully the report can also feed into a general discussion on REDD+ investments and interventions. The lessons are drawn from the Norwegian experience of investing in REDD+ by means of a review of the recently released evaluation of Norway’s International Climate and Forest Initiative, presented in a number of reports published by Norad (Hardcastle et al., 2011; Hoefsloot & Eba’a Atyi, 2011; Mackenzie et al., 2011; McNeish et al. 2011; Salmi et al., 2011; Tipper et al., 2011).
The issues that will be discussed in this report are:
– the phased approach;
– what happens if no global agreement and commitment on climate change is reached;
– Payments for Environmental Services (PES);
– donor coordination;
– legitimacy and accountability;
– monitoring, reporting and verification (MRV) and;
– policy coherence.