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Forest Carbon Partnership Facility FCPF - Readiness Fund

The 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 Readiness Fund supports tropical and sub-tropical developing countries in preparing themselves to participate in future REDD+ activities, including:

Adopting national REDD+ strategies
Developing reference emission levels
Designing measurement, reporting, and verification systems
Setting up REDD+ national management arrangements

Support provider

Australia, BP Technology Ventures, Canada, CDC Climate, European Commission, Germany, Norway, Switzerland, The Nature Conservancy, United Kingdom, United States

Purpose of support

Creating enabling environments and building institutional capacity

Scoping and project preparation

Eligible countries and regions

The FCPF is open to REDD+ Country Participants. REDD+ Country Participants are defined as developing countries located in a subtropical or tropical area that has signed a Participation Agreement to participate in the Readiness Fund. Forty-seven developing countries have been selected to join the FCPF (18 in Africa, 18 in Latin America, and 11 in the Asia-Pacific region).

Eligibility criteria

Readiness activities must involve a high degree of consultation with civil society and indigenous peoples organizations. Given the historical role of indigenous peoples and other forest dwellers as stewards of tropical forests, it is critical that governments set up participatory mechanisms to ensure that they be meaningfully consulted during the formulation and implementation of their country’s Readiness Plan and REDD+ Strategy and that they benefit from capacity building and future financial incentives.

Financial instruments

Grants

Decision-making information

The Forest Carbon Partnership Facility (FCPF) is made up of three categories of participants:

REDD+ Country Participants from tropical and subtropical regions of the globe;
Donor Participants, who contribute to the Readiness Fund;
Carbon Fund Participants, who contribute to the Carbon Fund.

Together, these participants make up the decision-making body of the FCPF, the Participants Assembly (PA) and the Participants Committee (PC). The World Bank provides secretariat services through a Facility Management Team. Participants Committee and Participants Assembly are at the core of its governance structure. The Participants Committee is the main decision-making body of the FCPF, and meets twice a year to review submissions and select new participant countries, as well as approve funding allocations, rules of procedure, budgets and new methodologies. The Participants Assembly meets annually to elect the Participants Committee and provide general guidance.

Monitoring and reporting procedures

Reporting and monitoring take place at the program and country-level.

At the FCPF program level, the Facility Monitoring and Evaluation (M&E) Framework is designed to keep track of the performance of the Facility. The M&E Framework consists of a structure and system to ensure that all key data is collected, analyzed and used in a way that helps ensure lesson learning and adaptive management at the Facility level.

Information on how to...

Understand steps to access

Submit a readiness proposal

Climate objective

Mitigation

Sectors and themes

Forestry and Land-Use

Type of recipient

Public entity at the national level, Public entity at the sub-national level, Public entity at the regional level

Co-financing required

Trustee or administrator

World Bank

Contact information

http://www.forestcarbonpartnership.org/readiness-fund-0

fcpfsecretariat@worldbank.org

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Forest Carbon Partnership Facility FCPF - Readiness Fund

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