Creating a Multilateral Wealth Fund for a Global Public Good: Proposed Approach to Assessing Performance and Awarding Returns for a Tropical Forest Finance Facility

Michael Wolosin, Michele de Nevers, Kenneth Lay and Patricia Bliss-Guest
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Michael Wolosin: Forest Climate Analytics
Michele de Nevers: Center for Global Development
Kenneth Lay: Priority Transactions Group LLC
Patricia Bliss-Guest: Priority Transactions Group LLC

No 486, Working Papers from Center for Global Development

Abstract: The Tropical Forest Finance Facility is a proposal to establish a pay-for-performance mechanism to finance reduced deforestation of tropical forests. The proposal would maximize the efficient use of public credit and builds on major technology breakthroughs for measuring results. This paper proposes a logical framework for understanding the current landscape of international forest finance to explore options for the potential role of the TFFF, and recommends pursuing it as a tropical forest public goods facility to support both development objectives and global public goods objectives. It explains proposed options for assessing performance and allocating returns to the TFFF to achieve these objectives.

Pages: 51 pages
Date: 2018-06-14
New Economics Papers: this item is included in nep-agr and nep-env
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Persistent link: https://EconPapers.repec.org/RePEc:cgd:wpaper:486

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