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

Author

Listed:
  • 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)

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.

Suggested Citation

  • Michael Wolosin & Michele de Nevers & Kenneth Lay & Patricia Bliss-Guest, 2018. "Creating a Multilateral Wealth Fund for a Global Public Good: Proposed Approach to Assessing Performance and Awarding Returns for a Tropical Forest Finance Facility," Working Papers 486, Center for Global Development.
    • Handle: RePEc:cgd:wpaper:486
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