Current funding: $900 million
The Forest Carbon Partnership Facility (FCPF) is a global partnership of governments, businesses, civil society, and Indigenous Peoples focused on reducing emissions from deforestation and forest degradation, forest carbon stock conservation, the sustainable management of forests, and the enhancement of forest carbon stocks in developing countries, activities commonly referred to as REDD+.
The FCPF works with 47 developing countries across Africa, Asia, and Latin America and the Caribbean, along with 17 donors that have made contributions and commitments totaling $1.3 billion. The FCPF supports REDD+ efforts through its Readiness and Carbon Funds.
Public Sector: European Commission, Australia, Canada, France, Germany (BMZ, BMU), Norway, Switzerland, United Kingdom (FCDO, BEIS), Government of the United States of America
Private Sector & NGOs: BP Technology Ventures Inc., The Nature Conservancy
Carbon Fund payments will be complementary to financing from other sources, e.g., the government’s own budget, World Bank financing, loans or grants from the Forest Investment Program, the Global Environment Facility, bilateral donors, or the private sector.
Reporting and monitoring take place at the program and country-level.
At the FCPF program level, the Facility Monitoring and Evaluation (M&E) Framework is designed to keep track of the performance of the Facility. The M&E Framework consists of a structure and system to ensure that all key data is collected, analyzed and used in a way that helps ensure lesson learning and adaptive management at the Facility level.
At the country-level, national M&E systems are fundamental to robust REDD program design. M&E systems help a country keep track of its activities, results and readiness progress and identify and address gaps, shortfalls, and program underperformance as they emerge. The M&E Framework uses the readiness requirements set out for each component in the Readiness Assessment Framework to help guide country reporting.
Detailed guidance and templates can be found here.
The Forest Carbon Partnership Facility (FCPF) is made up of three categories of participants:
- REDD+ Country Participants from tropical and subtropical regions of the globe;
- Donor Participants, who contribute to the Readiness Fund;
- Carbon Fund Participants, who contribute to the Carbon Fund.
Together, these participants make up the decision-making body of the FCPF, the Participants Assembly (PA) and the Participants Committee (PC). The World Bank provides secretariat services through a Facility Management Team. Participants Committee and Participants Assembly are at the core of its governance structure. The Participants Committee is the main decision-making body of the FCPF, and meets twice a year to review submissions and select new participant countries, as well as approve funding allocations, rules of procedure, budgets and new methodologies. The Participants Assembly meets annually to elect the Participants Committee and provide general guidance.
- Potential for generating high quality sustainable emissions reductions and social and environmental benefits
- Scale of implementation
- Consistency with emerging compliance standards under the UNFCCC and other regimes
- Potential to generate learning value for the FCPF and other participants
- Clear and transparent ‘benefit sharing’ mechanisms with broad community support
Transparent stakeholder consultations.
The FCPF is open to REDD+ Country Participants. REDD+ Country Participants are defined as developing countries located in a subtropical or tropical area that has signed a Participation Agreement to participate in the Readiness Fund. Forty-seven developing countries have been selected to join the FCPF (18 in Africa, 18 in Latin America, and 11 in the Asia-Pacific region).
The Carbon Fund is only open to those countries that have prepared a Readiness Preparation Proposal, and have had their Readiness Package (R-Package) endorsed by the PC under the Readiness Fund of the Forest Carbon Partnership Facility (FCPF).
The Carbon Fund Process consists of the following steps:
a) ER Program pre-approval: Preparation of the ER Program Idea Note (ER-PIN) and presentation to
the FCPF Carbon Fund for its acceptance;
b) ER Program approval: Preparation of the ER Program Document (ER-PD), FCPF due diligence and
presentation to the Carbon Fund for its acceptance;
c) Monitoring and Reporting:
d) Validation and Verification:
e) Payments and allocation of ERs to the Carbon Fund
f) Post-Carbon Fund
For detail, see here.