The Forest Carbon Partnership Facility (FCPF) is a partnership of donors and developing countries that will pilot performance-based incentive payments for forest conservation. The FCPF was created as a mechanism to support country readiness for “reducing greenhouse gas emissions from deforestation and forest degradation” (REDD), a topic currently under negotiation at the United Nations Framework Convention on Climate Change (UNFCCC).
The FCPF consists of two funds, the Readiness Fund and the Carbon Fund, the former to support country readiness efforts, the latter to buy certified emissions reductions for trading on the carbon market. The Carbon Fund is not yet operational.
Thirty-seven countries submitted readiness concept notes in 2008 and 2009, the first 20 of which have priority status for funding until June 2010. After June 2010, all of the 37 countries may be eligible for funding on a first-come-served basis. To date, three countries (Indonesia, Panama and Guyana) have submitted Readiness Preparation Proposals (R-PPs) and are poised to receive readiness funding once the Bank has completed its due diligence and the countries have addressed concerns raised by the Bank, an independent assessment panel and the governing body of the FCPF.
This page was last modified on November 10, 2009