U.S. Department of State
Bureau of Oceans and International Environmental and Scientific Affairs
United States Delegation Press Office
UN Climate Change Negotiations
Copenhagen, Denmark
December 16, 2009

Australia, France, Japan, Norway, the United Kingdom, and the United States have today collectively agreed in the context of an ambitious and comprehensive outcome in Copenhagen to dedicate a total of USD3.5 billion as initial public finance towards slowing, halting and eventually reversing deforestation in developing countries.

The joint statement follows:

“Actions to reduce emissions from forests can help to stabilize our climate, support livelihoods, provide biodiversity conservation, and promote economic development. As part of an ambitious and comprehensive deal, we recognize the significant role of international public finance in supporting developing countries’ efforts to slow, halt and eventually reverse deforestation. With this in mind, we collectively dedicate USD3.5 billion of fast-start climate change financing for ‘REDD+’ over the 2010 to 2012 period. We regard this as an initial investment in developing countries that put forward ambitious REDD+ plans and that achieve forest emission reductions according to their respective capabilities. We collectively commit to scaling up our finance thereafter in line with opportunities and the delivery of results. We invite other donors to join us in this effort to make early action on REDD+ a reality.”