Bhutan is a small, mountainous, landlocked country in the Eastern Himalayas. The country’s total forest area has expanded slowly over the past 15 years, with forest cover making up just over 70% of the country’s land area. With the country’s goal to harness ambitious levels of hydropower by 2020, development activities are expected to result in reduced forest cover.
FCPF 2023 Annual Report
The 2023 Annual Report spotlights the groundbreaking emission reductions payments made over the past year to Costa Rica, Côte d’Ivoire, Ghana, Indonesia, and the Lao PDR. Combined with Mozambique’s emission reductions payments to date, Carbon Fund results-based payments now total $53.2 million, with that number expected to increase to at least $300 million in the coming year.