Project profile — Forest Carbon Partnership Facility - Carbon Fund

• Vietnam (9.09%)
• Guatemala (9.09%)
• Costa Rica (9.09%)
• Congo, Democratic Republic (9.09%)
• Mexico (9.09%)
• Indonesia (9.10%)
• Chile (9.09%)
• Peru (9.09%)
• Congo (9.09%)
• Ghana (9.09%)
• Nepal (9.09%)

• Africa, regional (0.00%)
• America, regional (0.00%)
• South Asia, regional (0.00%)
• Far East Asia, regional (0.00%)
• Oceania, regional (0.00%)

• Forestry: Forestry policy and administrative management (31210) (100.00%)

• Gender equality (not targeted)
• Environmental sustainability (cross-cutting) (principal objective)
• Participatory development and good governance (significant objective)
• Trade development (not targeted)
• Biodiversity (significant objective)
• Climate change mitigation (principal objective)
• Climate Change Adaptation (significant objective)
• Urban issues (not targeted)
• Desertification (not targeted)
• Children's issues (not targeted)
• Youth Issues (not targeted)
• Indigenous Issues (significant objective)
• Disability (not targeted)
• ICT as a tool for development (not targeted)

This project represents CIDA’s contribution to the Forest Carbon Partnership Facility’s (FCPF) Carbon Fund. The FCPF is a World Bank-managed global partnership that assists developing countries in tropical and sub-tropical regions in their efforts to reduce greenhouse gas emissions from deforestation and forest degradation. It promotes forest conservation, sustainable management of forests and the enhancement of forest carbon stocks (amount of carbon stored in forest ecosystems). The Carbon Fund offers financial incentives to developing countries that implement emission reduction programs to reduce the rate of deforestation and forest degradation within their country.

The expected intermediate outcomes for this project include: improved forest conservation practices through benefit-sharing and incentive mechanisms in up to five developing countries; and reduced greenhouse gas emissions in up to eleven developing countries.

Results achieved as of June 2019 include: (1) 19 countries have moved from readiness preparation stage to pursuing implementation of large-scale programs to reduce emissions from deforestation and forest degradation (REDD+) for results-based payments; (2) 13 countries have developed an Emissions Reduction Program, covering a range of activities to achieve climate-smart land use, protect forests, restore degraded land and improve local livelihoods; (3) 3 countries have signed agreements to receive payments if emission reductions are achieved.

• Proactive disclosure