SDG 17: Partnerships for the Goals - Focus on Forest Finance and Partnerships

Humphreys, David; Singer, Benjamin; McGinley, Kathleen; Smith, Roy; Budds, Jessica; Gabay, Monica; Bhagwat, Shonil; de Jong, Wil; Newing, Helen; Cross, Charlotte and Satyal, Poshendra (2019). SDG 17: Partnerships for the Goals - Focus on Forest Finance and Partnerships. In: Katila, Pia; Pierce Colfer, Carol J.; de Jong, Wil; Galloway, Glenn; Pacheco, Pablo and Winkel, Georg eds. Sustainable Development Goals: Their Impacts on Forests and People. Cambridge: Cambridge University Press, pp. 541–576.

URL: https://www.cambridge.org/core/books/sustainable-d...

Abstract

Key Points
• Funding for forests from official development assistance and other sources has trended upward since 2000, providing reason for cautious optimism. However, finance for REDD+ is in decline.
• Private-sector investment remains important. Impact investment, which aims to solve pressing environmental and social problems, could make a significant contribution to the sustainability agenda.
• Not all sustainable development finance promotes forest conservation. SDG 2 (Zero Hunger) aims to increase funding for agricultural production, which can incentivise the conversion of forests to farmland.
• The policy of zero net deforestation is leading to some important partnerships, including with the financial sector, that aim to ensure deforestation-free commodity supply chains of key agricultural commodities.
• Partnerships for sustainable development exist within a neoliberal global economic order, in which net financial flows from the Global South to the Global North negate financial flows for sustainable development.

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