Forest Carbon Partnership Facility (FCPF)

The Forest Carbon Partnership Facility (FCPF) was founded in December 2007 and is under the authority of the World Bank.

Objectives

The facility firstly intends to broadly cut emissions arising from deforestation and forest degradation in tropical and subtropical developing countries (REDD). Secondly, it is testing a performance-based incentive system for REDD mechanisms on a small scale in some countries.

The financing of both approaches is being realized in parallel. The large-scale emissions reductions are being financed by the Readiness Fund, which gives developing countries the opportunity to set incentives for REDD funding mechanisms. The small-scale pilot projects are being financed by the Carbon Fund.

Funding volume and Germany’s contribution

The FCPF has mobilized a total of $1.1 billion. Apart from the 15 donor countries, funding also comes from private actors. There is one private sector actor (BP Technology Ventures) and one civil society organization (The Nature Conservancy) which have contributed to the FCPF. Germany has pledged €210.4 million to the FCPF until 2016 and thus is the second largest donor after Norway (February 2018).

 

Puplications
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