Forest Carbon Partnership Facility - Forest Carbon Fund
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 has two separate but complementary funding mechanisms — the Readiness Fund and the Carbon Fund.
The Carbon Fund provides payments for verified emission reductions from REDD+ programs in countries that have made considerable progress towards REDD+ readiness. Carbon Funds payments are designed to help countries and their stakeholders achieve long-term sustainability in financing forest conservation. They are intended to help reduce climate change impacts from forest loss and degradation by making forests more valuable standing than cut down.
Assistance is divided into four main categories:
- General Economic Policies and Regulations: taxation, subsidies, rural credit, certification, law enforcement)
- Forest Policies and Regulations: taxation, subsidies, certification, concession regimes, securing land tenure and land rights, forest law, governance and enforcement, zoning, protected areas, payments for environmental services (PES)
- Forest Management: forest fires, reduced impact logging, reforestation
- Rural Development: community development, rural electrification, community forestry
The Facility Management Team (FMT) and/or World Bank Global Practice staff verifies that the ER-PIN meets the fund requirements. If the proposed ER Program meets the requirements, the FMT posts the ER-PIN on the FCPF website and forwards it to the Carbon Fund Participants (CFPs). Based on the FMT’s review of the ER-PIN and other relevant comments received, the CFPs shall, during predefined ‘windows’, decide whether or not to include the proposed ER Program in the pipeline.
Read more about the process guidelines for accessing the Forest Carbon Fund here.
Read more about the Readiness Fund here. Find requirements and guidance for accessing readiness support here.
USD 900 million