News

FCPF Calls for Mid-term Reports on REDD+ Readiness Activities

World Bank27 August 2012: The Forest Carbon Partnership Facility (FCPF) has issued a call for mid-term reports on readiness activities in support of reducing emissions from deforestation and degradation and the role of conservation, sustainable management of forests and enhancement of forest carbon stocks in developing countries (REDD+).

The mid-term reports will be self-assessments intended to give an overview of overall progress in implementation, including identifying any delays in implementation and proposals on ways to overcome such delays. The mid-term reports will also review financing plans and submit updated plans based on contributions to REDD+ readiness by other donors. Finally, the reports will evaluate the extent to which participating countries are in compliance with the Common Approach.

More specifically, the mid-term reports will evaluate: readiness organization and consultation; REDD+ strategy preparation; reference emission levels; and monitoring systems for forests and safeguards.

The call also allows for participating countries to request additional funding of up to US$5 million for REDD+ readiness activities. This is in addition to the current maximum grant per country of US$3.6 million, and represents an acknowledgement of the significant progress towards REDD+ readiness already achieved by some participating countries, as well as the need for additional funding to complete the readiness process.

The World Bank assumes the functions of trustee, secretariat and Delivery Partner of the FCPF. [FMT Note 2012-7 rev]