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FCPF Carbon Fund Selects Three Country Programmes

worldbank-fcpfJuly 2014: The 'Chair's Summary' of the tenth meeting of the Forest Carbon Partnership Facility (FCPF) Carbon Fund (C10) has been released, with Duncan Marsh, C10 Chair, highlighting the selection of Chile and Viet Nam into the Carbon Fund pipeline. The Republic of the Congo, which also presented its Emission Reductions Program Idea Note (ER-PIN), was provisionally selected.

C10 also heard presentations on possible future submissions from Cambodia, Colombia, Guatemala, Indonesia and Madagascar. The meeting also considered methodological issues related to buffers and a registry of transactions, and in particular, approved an approach for developing guidelines for buffers and a risk assessment tool.

According to the Chair's Summary, significant discussion focused on the pricing approach from REDD+. In statements, Costa Rica, the Democratic Republic of the Congo (DRC), Ghana, Mexico and Nepal called for different carbon prices to reflect the diversity of country programmes and circumstances. Participants then called for the submission of further views and expectations on the carbon pricing model.

Overall, the Chair's Summary notes that the FCPF Carbon Fund portfolio is now two-thirds full with eight programmes, and provides a space for piloting REDD+ as well as the exchange of knowledge and experiences.

C10, which also considered budgets, reviews, and procedures, was held from 16-19 June 2014, in Bonn, Germany. The next meeting will be held in October 2014, according to the Chair's Summary. [Publication: Chair's Summary – Tenth Meeting of the Forests Carbon Partnership Facility Carbon Fund] [Statements for the Carbon Fund]