New Report: Real-Time Evaluation of Norway’s International Climate and Forest Initiative Contribution to Measurement, Reporting and Verification

On September 25th LTS attended a public seminar on the Real-Time Evaluation of Norway’s International Climate and Forest Initiative Contribution to Measurement, Reporting and Verification.

The report produced by the LTS led consortium for the Norwegian Agency for Development Cooperation’s Evaluation Department can be downloaded here.

New Event: LTS 40th Anniversary Party

On August 29th, LTS celebrated its 40th Anniversary in style at Edinburgh’s Royal Botanical Gardens (RBGE). A champagne reception was followed by speeches from RBGE’s Regius Keeper, Professor Stephen Blackmore; LTS’ Managing Director, Paddy Abbot; and LTS’ Business Development Director, Scott Geller. LTS staff from past and present and invited guests then enjoyed dinner, post-dinner drinks, and sharing of stories from LTS’ rich history, into the early hours.

Photos from the event can be viewed here.

New Event: LTS Goes Ape!

On August 24th most of the LTS team, along with some of their family members, visited the GoApe Tree Top Adventure course in the Scottish Borders. Great fun was had by all on the various obstacles, zip wires, and tarzan swings before the team made their way down the hill for a delicious BBQ lunch.

The LTS team before taking on the Tree Top Adventure course.

Scoping for Forest Investment Program

The objective of the IFC component of the Forest Investment Program (FIP) for Ghana is to build private sector engagement in REDD+ and climate compatible projects/investments, promoting sustainable agriculture, forestry and related industries and resulting in the reduction of greenhouse gas emissions, as well as economic growth. IFC supports this through a combination of Investment and Advisory Services.

The primary objective of the work is to assess the private sector’s need for finance to support REDD+ projects in the context of FIP Ghana. Identifying potential candidate businesses that could be supported directly by IFC investment or indirectly by IFC investment through financial intermediaries; and identify advisory projects complimentary to either of the above forms of IFC investment that would help the client and/or sector at large to build capacity on REDD+.

LTS is conducting market research in the terms of financial needs, through a combination of desk, web research, phone and face to face interviews with relevant private sector actors in Ghana. These includes, but should not necessarily be limited to; the timber and forestry sector (natural forest management, plantations, wood processing and related manufacturing), agriculture (particularly cocoa and oil palm).

Subject to volume of opportunities identified, scope should be expanded to research other sectors: wood for energy (charcoal, cooking stoves), sustainable NTFPs (Non Timber Forest Products), mining, tourism, technology (telecoms, remote sensing). LTS will also conduct an analysis of the overlap and/or gaps between FIP and REDD+ criteria and the criteria for IFC investments through analysis of the information from the market research, information on FIP and IFC processes through interviews with key IFC Investment and Advisory staff.

LTS has conducted initial meetings with potential financial intermediaries (principally banks) to assess current activity in the relevant sectors and obtain banks’ perspectives on developing and/or growing REDD+ investment.

IFC will host a workshop (either mid-way through the market research or towards the end) with selected financial intermediaries to present preliminary results and discuss the interest of financial intermediaries in an investment relationship with IFC in the context of FIP Ghana.

Image Credit: ARC – The Alliance of Religions and Conservation