The EU REDD Facility, together with the Climate Policy Initiative, the UN-REDD programme and IMPACTUM, conducted a study on land-use finance in Côte d’Ivoire to measure progress and identify opportunities to increase funding towards the implementation of REDD+ objectives.
The study, called ‘The Landscape of REDD+ Aligned Finance in Côte d’Ivoire’, comes as Côte d’Ivoire develops a National REDD+ Strategy and Investment Plan to implement zero-deforestation agriculture and forest cover goals.
The aim of the project is to identify the nature and volume of domestic and international public finance that contributes to reduced deforestation efforts in Côte d’Ivoire. The study provides an insight into the amount and types of financial flows that are directed at sustainable land-use management and reduced deforestation activities, as well as the key actors and activities involved. By analysing land-use finance in this way, the project provides a baseline against which to measure progress towards the levels of investment required to drive zero deforestation agriculture and reforestation. The tool helps to identify channels, gaps and blocks in financial flows, as well as to pinpoint opportunities to increase finance available for implementation of the National REDD+ Strategy.
Côte d’Ivoire’s forests have come under significant pressure in recent decades. At current rates of deforestation, Côte d’Ivoire could lose its entire forest cover by 2034, according to FCPF and UN-REDD. Deforestation drivers include the expansion of cash crops such as cocoa, oil palm and rubber as well as logging, mining and wood fuel extraction for cooking. Many of these activities increase the risk of negative climate change impacts and threaten the productivity of the land on which Côte d’Ivoire’s economy depends.
Forest cover objectives have not yet been mainstreamed into Cote d’Ivoire’s national and sectoral development strategies, and so they are not reflected in domestic and development partner spending priorities.
Forests need to become a national planning priority, and greening the hundreds of billions of West African CFA francs (FCFA) spent annually on business-as-usual agriculture in the country could increase productivity without sacrificing the country’s forests.
The Government of Côte d’Ivoire has recognized this opportunity and has begun work on developing a National REDD+ Strategy and Investment Plan to implement zero-deforestation agriculture and forest cover goals.
Workshop on REDD+ finance
The analysis looked at public finance that went to activities that impact on land use in 2015. These activities are considered to be relevant in the context of Côte d’Ivoire’s National REDD+ Strategy, and include: agriculture, forestry, domestic energy, environment, mining and planning policy. The analysis divided the finance for these REDD+-relevant activities into two groups:
This analysis is based on 2015 Ministry of Budget disbursed investment data for 12 relevant ministries. International data is based on data from the Ministry of Economy and Finance and survey returns from 10 donors. Data interpretation is based on project descriptions obtained from the Ministry of Planning, as well as expert consultations and workshops.
The landscape of REDD+ aligned finance in Côte d’Ivoire in 2015
Graphic 1. 2015 investments in reforestation and sustainable forest management versus the estimated annual minimum needs to meet the 2030 target of 20% forest cover.
Graphic 2. This graph shows the level of REDD+-aligned spending by the government of Côte d’Ivoire and its partners in key sectors of the strategy.