The Readiness Fund

The Readiness Fund

The Readiness Fund supports tropical and sub-tropical developing countries in preparing themselves to participate in a future, large-scale, system of positive incentives for REDD+.

Readiness activities include:

  • Adopting national REDD+ strategies
  • Developing reference emission levels (RELs)
  • Designing measurement, reporting, and verification (MRV) systems
  • Setting up environmental and social safeguards

The Readiness Fund supports tropical and sub-tropical developing countries in preparing themselves to participate in a future, large-scale, system of positive incentives for REDD+.

The first step for interested countries is to submit a Readiness Plan Idea Note to the FCPF. The next step is for selected countries to prepare their Readiness Plan, which is a framework for a country to define a clear approach, budget and schedule to undertake REDD+ activities. 

The FCPF's governing body reviews and assesses Readiness Plans, and decides on the allocation of FCPF grants to countries. Readiness activities must involve a high degree of consultation with civil society and indigenous peoples organizations. Indigenous peoples and other forest dwellers play a central role as stewards of tropical forests. It is critical that governments set up participatory mechanisms to ensure that they are meaningfully consulted during the formulation and implementation of Readiness Plans and REDD+ Strategies, and that they benefit from capacity building and future financial incentives.

Milestones of REDD+ Readiness