Objectives:

The two main objectives of the Facility are:

• To help countries to get ready for large-scale system of financial incentives for REDD+ by creating framework and processes for REDD+ readiness (this objective will be achieved through the “Readiness Mechanism” financed through the Readiness Fund).
• To provide value to standing forests and remunerate countries with financing for verifiable reductions in emissions from deforestation and forest degradation and sustainable use of forest resources and biodiversity conservation (this objective will be achieved through the “Carbon Finance Mechanism” financed through the Carbon Fund).

Subcategory:

REDD+; Forestry; Reforestation; Land management; Biodiversity conservation.

Eligible organisations:

Public and private entities

Eligible Projects or Programmes:

The fund support activities related to developing the necessary policies and systems, in particular by adopting national strategies; developing reference emission levels; designing measurement, reporting and verification (MRV) systems; and setting up REDD+ national management arrangements including the proper safeguards. The Carbon fund provides payments for verified emission reductions from REDD+ programs in countries that have made considerable progress towards REDD+ readiness. The following groups and categories of emission reduction programs are envisaged: a) General economic policies and regulations (taxation, subsidies, rural credit, certification, law enforcement); b) Forest policies and regulations (taxation, subsidies, certification, concession regimes, securing land tenure and land rights, forest law, governance and enforcement, zoning, protected areas, PES); c) Forest management; and d) Rural development.

Proposal/Application requirements:

No information

Proposal evaluation criteria:

No information

How to Apply:

Eligible REDD+ Countries have to prepare and submit a Readiness Plan Idea Note (R-PIN) to the World Bank Country Director and/or Facility Management Team (FMT).