Current funding: $400 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.
European Commission, Australia, Canada, Denmark, Finland, France, Germany (BMZ, BMU), Italy, Japan (MAFF, MOF), Netherlands, Norway, Spain, Switzerland, United Kingdom (FCDO, BEIS), United States of America
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.
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.
An Eligible REDD+ Country submits through its authorised representative or by another entity authorised to act on its behalf, a Readiness Preparation Proposal Idea Note to the Facility Management Team.
Upon approval by the Participants Committee, the Eligible REDD+ Country enters into a REDD+ Country Participation Agreement with the Trustee of the Readiness Fund.
The Trustee of the Readiness Fund may enter into one or more grant agreements to fund a Readiness Preparation Proposal (RPP) by a REDD+ Country Participant.
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 first step for interested countries is to submit a Readiness Plan Idea Note to the FCPF. The next step is for selected countries to prepare their Readiness Plan, which is a framework for a country to define a clear approach, budget and schedule to undertake REDD+ activities.
The FCPF's governing body reviews and assesses Readiness Plans, and decides on the allocation of FCPF grants to countries. Readiness activities must involve a high degree of consultation with civil society and indigenous peoples organizations. It is critical that governments set up participatory mechanisms to ensure that they are meaningfully consulted during the formulation and implementation of Readiness Plans and REDD+ Strategies, and that they benefit from capacity building and future financial incentives.
Read more about the process guidelines for accessing the FCPF Readiness Fund here.
The first step for interested countries is to submit a Readiness Plan Idea Note to the FCPF. The next step is for selected countries to prepare their Readiness Plan, which is a framework for a country to define a clear approach, budget and schedule to undertake REDD+ activities.
Find requirements and guidance for accessing readiness support here.