Forest Carbon Partnership Facility (FCPF) Releases Note on World Bank, UNFCCC REDD+ Safeguards
28 August 2013: The Forest Carbon Partnership Facility (FCPF) Facility Management Team (FMT) has released a summary note on the World Bank Safeguards Policies and UN Framework Convention on Climate Change (UNFCCC) REDD+ Principles. The note includes a table listing the seven principles of the UNFCCC safeguards for REDD+, and a non-exclusive list of the corresponding World Bank social and environmental safeguards policies.
The summary note was created in response to a request by FCPF Participants to demonstrate how the World Bank Safeguards relate to safeguards under the UNFCCC guidance on REDD+, following the Participants Committee's June 2012 adoption of Guidance Principles on the key methodological framework and policy guidance on a pricing approach for the FCPF Carbon Fund.
The FMT has also developed a draft criteria and indicators addressing the Guidance Principle that: require the FCPF Emission Reduction (ER) Program to meet World Bank safeguards, and promote and support UNFCCC safeguards; provide information on compliance and respect of safeguards during ER implementation; and ensure that appropriate feedback and grievance mechanisms are in place before the negotiation of an Emission Reductions Payment Agreement (ERPA). [Publication: FCPF FMT Carbon Fund Note on World Bank Safeguards Policies and UNFCCC REDD+ Safeguards]