Forest Carbon Partnership Facility

Profile

The Forest Carbon Partnership Facility (FCPF) is a global initiative involving governments, businesses, civil society, and Indigenous Peoples focused on addressing emissions from deforestation and forest degradation. Based in affiliation with the World Bank, FCPF was launched in 2007 during the UN Climate Change Conference in Bali. It works with 47 developing nations across Africa, Asia, and Latin America and the Caribbean and includes 17 donor nations who have contributed $1.3 billion to support REDD+ initiatives, which aim to reduce emissions and support sustainable forest management.

FCPF invests through its Readiness and Carbon Funds, targeting sectors like forest management and emission reductions. They focus on initiatives that help developing countries prepare for high-integrity carbon markets with an emphasis on result-based climate finance. FCPF provides a platform for sharing best practices, capacity-building, and policy development across participating countries, but the exact investment sizes it engages in are not specified.

Although FCPF does not specify individual companies, its notable achievements include milestone agreements such as the $23 million deal with Côte d'Ivoire to reduce emissions. Their achievements highlight the FCPF's vital role in catalyzing forest conservation and emission reduction activities through innovative financial mechanisms and partnerships.