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Development cooperation, 12/8/2014

Voluntary Support to The Forest Carbon Partnership Facility - FCPF

Description

The Forest Carbon Partnership Facility (FCPF) assists developing countries in their efforts to reduce emissions from deforestation and forest degradation by enabling developing countries to participate in a system of positive incentives for REDD+. The FCPF has two funding mechanisms — the Readiness Fund and the Carbon Fund. The FCPF Readiness Fund supports developing countries in preparing themselves to reduce emissions from deforestation and forest degradation, to enhance national management arrangements and to develop reference emission levels and to design measurement. In addition, the FCPF activities contribute to biodiversity conservation and enhancement of livelihoods of local communities . The current capitalization of the Readiness Fund is $358 million (10/2014). The Carbon Fund is the FCPF’s instrument to pilot results-based payments for emission reductions from REDD+ programs. An independent, external evaluation of the FCPF was undertaken in 2011. According to the assessment, the FCPF has made significant progress in building in-country capacity and in disseminating knowledge on REDD+ readiness. Less progress has been made on piloting a performance-based system of payments, enhancing livelihoods and conserving biodiversity. Finland has supported the FCPF with a total of 15 million euros between 2008-2012. In 2014, Finland's support is three million euros.

Funding decision 12/8/2014

3 000 000 €

Target region

Developing countries (not specified)

Objectives monitored by OECD's Development Assistance Committee

Climate change - mitigation
Aid to environment
Biodiversity

Field of activity

Forestry development 100%

Type of aid

Contributions to specific-purpose programmes and funds managed by international organisations (multilateral, INGO)

Funding channel

Maailmanpankkiryhmä

Contact

keo-60

Code for the object of funding

80700173

ID

UHA2014-039898

Created date

9/16/2014

Modified

12/18/2014

Case state

Technical planning
Quality assurance group handling
Preparation of programme proposal

Case status

Pending

This document

Updated 8/30/2016

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