The BSD aims to ensure effective, transparent, and fair, distribution of REDD+ benefits to the relevant parties that contribute to and ensure permanence of emissions reductions and conserve biodiversity and ecosystem services; and to promote and track financial investments in REDD+ for desired and equitable outcomes across all scales of the benefit sharing and distribution system; and to build confidence in national capabilities to encourage future investments to catalyze transformational change within the forest and land use sector towards a new responsible economy and stronger community livelihoods.
The BSD enable the Climate Change and Development Authority (CCDA) as the mandated Authority and as specified in the Climate Change (Management) 2015 (as Amended), s 10 (d) to apply the following: administer compensation or incentive funds, grants, donor money and other funding derived from national and international climate finance sources under the direction of the Board to assist in the development of climate compatible economic endeavors and climate adaptation and mitigation programs in Papua New Guinea.
The BSD Guidelines lays out the intended guidance and procedures for compliance of National, Project and Jurisdictional REDD+ results-based finance and distribution of incentives (monetary and non-monetary benefits) in relation to relevant sections of the Climate Change (Management) Act 2015 (as Amended) and the National REDD+ Strategy. The BSD Guidelines applied to all relevant REDD+ actors across all levels (scales) of the REDD+ benefit sharing and distribution system through a combined vertical and horizontal approach, operating within PNG.
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