13th FCPF Carbon Fund meeting in Brussels: $650,000 US for Seven countries selected...
Participants at the 13th FCPF Carbon Fund meeting in Brussels, Belgium
Selected seven countries which will be to sign a Letter of Intent, upon which they will receive up to $650,000 in funding to prepare an in-depth plan for how they will reduce emissions, track the work, and report on the results: Ivoiry Cost – Madagascar – Mozambique – Nicaragua - Dominican Republic – Fiji – Lao.
With all eyes on Paris climate meetings in December, we are at a critical moment to show that our efforts to reduce emissions from deforestation and forest degradation are moving from concept to reality.
The World Bank's Forest Carbon Partnership Facility, a 47-country collaboration, focuses on reducing emissions from deforestation and degradation, also known as REDD+; the Carbon Fund supports countries that have made progress on REDD+ readiness through performance-based payments for emission reductions. At the 13th meeting of the Carbon Fund in Belgium, nine countries presented diverse ideas for large-scale emission reductions programs that ranged from reforestation efforts on reclaimed land to a canal project for more sustainable cocoa production through partnerships with private sector chocolate companies.
The seven programs selected at this meeting, along with the 11 others already in the funding 'pipeline,' all share the common goal of changing land use at scale by addressing the primary drivers of deforestation and fighting climate change.
Image: Merline Touko Tchoko