News

FCPF Reports on Challenges, Achievements from 2012

17 January 2013: The Forest Carbon Partnership Facility (FCPF), administered by the World Bank, has released its 2012 Annual Report. The report highlights progress during the facility's fourth year of implementation with regard to REDD+ readiness, funding for REDD+ and partnership building. The report also contains the financial report of the facility and the outlook for 2013.

Overall, the report highlights a number of challenges faced in 2012, including the lack of significant progress in reaching an international agreement on REDD+, and the significant drop in carbon prices. In spite of these challenges, the report explains, partnerships for REDD+ continue to develop, as does donor country interest in REDD+ and national policy frameworks to combat forest loss. The report focuses on successes concerning multi-stakeholder forums, in: facilitating the expanded participation of indigenous peoples; progress with countries moving from readiness preparation to implementation; and capacity building on issues such as payments for ecosystem services, community forestry, benefit sharing and the design of reference systems.

With regard to the outlook for 2013, the report confirms FCPF's continued commitment to capacity building through knowledge sharing and South-South exchanges, and to REDD+ readiness for country participants. The report also mentions emerging opportunities from the Carbon Fund pipeline and planned expanded partnerships with the UN Development Programme (UNDP) and the Inter-American Development Bank (IDB), which will become FCPF delivery partners in 2013. [Publication: 2012 Annual Report]