Forest Carbon Partnership Facility (FCPF)

• The FCPF currently has 47 REDD Country Participants (18 in Africa, 18 in Latin America and the Caribbean, and 11 in Asia-Pacifi c).
• The World Bank assumes the functions of the trustee and secretariat. The World Bank, the InterAmerican Development Bank, and United Nations Development Programme are Delivery Partner under the Readiness Fund and responsible for providing REDD+ readiness support services to distinct countries.
• The four strategic objectives of the FCPF:
  • To assist countries in their REDD+ efforts by providing them with fi nancial and technical assistance in building their capacity to benefi t from possible future systems of positive incentives for REDD+.
  • To pilot a performance-based payment system for REDD+ activities, to ensure equitable benefi t sharing and promoting future large-scale positive incentives for REDD+
  • Within the approach to REDD+, to test ways to sustain or enhance the livelihoods of local communities and to conserve biodiversity.
  • To disseminate broadly the knowledge gained in the development of the Facility and the implementation of Readiness Preparation Proposals (RPPs) and Emission Reductions Programs (ERPs).
• The FCPF’s funding mechanisms:
• The FCPF has two separate but complementary funding mechanisms — the Readiness Fund and the Carbon Fund — to achieve its strategic objectives.
• Both funds are underpinned by a multi-donor fund of governments and non-governmental entities, including private companies that make a minimum fi nancial contribution of $5 million.
  • Contributors to the Readiness Fund are known as Donor Participants.
  • Contributors to the Carbon Fund are known as Carbon Fund Participants.
• Developing countries participating in the FCPF (both funds) are known as REDD Country Participants.