Financing Standing Forests - Scoping Phase

Descriptions

Please read RFP for full details. Project Scope WWF-UK wishes to undertake a scoping phase to develop, evaluate and consult on proposals for different private sector financing mechanisms / contribution models into a mechanism to keep forests standing, such as the TFFF, TFM, or a similar type of mechanism, including (but not necessarily limited to): (i) voluntary donations from the private sector; (ii) expected contributions to be made as part of the transition plans of companies that are directly dependent on associated (high deforestation risk or nature impacting) supply chains; (iii) a mandatory tax or natural resource levy that would be imposed on companies, the revenues from which would be paid into the fund; (iv) a mandatory tax or natural resource levy that would be imposed on agri-commodity imports, the revenues of which would be paid into the fund; (v) A tax on profits from hard-to-abate, profitable sectors like petrochemicals, or aviation (as proposed under the TFM). The ideas examined should have international applicability, as they are more likely to be politically palatable where multiple countries adopt the same approach. However, in advocating for these ideas we would seek to build support from the UK Government initially, as well as Brazil and other interested countries, to champion the idea in global fora - just as the UK Government has been a significant champion of the TFFF.