Forest Carbon Partnership Facility - FCPF

Description What is done in the programme or project and why, what results are pursued, who benefits from the activities and who are involved in the implementation.

The Forest Carbon Partnership Facility (FCPF) assists developing countries in their efforts to reduce emissions from deforestation and land degradation (REDD). It has two objectives: to build capacity for REDD in developing countries, and to test a program of performance-based incentive payments in some pilot countries. Two separate mechanisms are set up to support FCPF objectives: Readiness Mechanism and Carbon Finance Mechanism. Together, these two mechanisms seek to develop a realistic and cost-effective large new instrument for tackling deforestation, to help safeguard the Earth's climate, reduce poverty, manage freshwater resources, and protect biodiversity.