The International Climate Fund (ICF) is a key part of the UK’s commitment under the Copenhagen Accord (UNFCCC, CoP15, 2009), whereby developed countries agreed to jointly mobilise $100 billion per year of climate finance by 2020 from public, private, bilateral and multilateral sources to support developing countries mitigate and adapt to climate change though low carbon growth, reduced deforestation and increased resilience.
Overseas Development Assistance (ODA) funding provided from the ICF between April 2011 to March 2016 was £3.87 billion and a further £5.8 billion has been committed to March 2021, along with an intent to stimulate similar levels of private finance. Investment in forest related programmes is expected to make up approximately 20% of funding – approximately £200 million per year.
To ensure that funds are used effectively and efficiently, and to ensure that lessons are learned from implementation, the programmes applying ICF resources are supposed to report against relevant Key Performance Indicators (KPIs). The intent is that KPI reporting should not become a “tick box exercise” but should link into processes of monitoring, evaluation and learning at different levels within ICF departments, programmes, multilateral partners and recipient country institutions.
This project relates to the advancement of KPI 8 – “the Hectares Indicator”: a measure of the avoided loss and degradation of forests resulting from ICF investments1. KPI 8 is an important metric for most forest related programmes as it is frequently a stated objective or intended impact in business case documentation.