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The Forest Carbon Partnership Facility
(FCPF) assists
developing countries in their efforts to reduce emissions from
deforestation and forest degradation and foster conservation, sustainable
management of forests, and enhancement of forest carbon stocks (all
activities commonly referred to as "REDD+") by providing value
to standing forests through the FCPF Readiness Fund and Carbon Fund.
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Feature Stories
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To Get to
Net Zero Emissions, We Need Healthy Landscapes
On December 6, Rachel Kyte, Vice
President and Special Envoy on
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Climate Change, delivered the
keynote speech at the Global Landscapes Forum in Lima, Peru. Read
Rachel's thoughts on landscapes and climate-smart land use in her
blog, To Get to Net Zero Emissions, We Need Healthy
Landscapes.
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Spotlight
on Latin America
With all eyes on Lima this month we are featuring what's happening
on REDD+ in the Latin American
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region. The following web story, Giving Communities a Say in
Rainforest Protection, describes Indigenous People's
engagement in National REDD+ dialogue in Mexico, Peru and Nicaragua.
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FCPF and
Peru's MINAM Co-Host REDD+ Side Event at COP20
On December 4, the FCFP joined Peru's Ministerio
del Ambiente
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(MINAM) to co-host a side event at
the 20th session of the Conference of Parties (COP) in Lima,
Peru on Piloting REDD+ results based payments at national and
subnational scales. Check the web page for updated information and
resources regarding this event. Read more
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UNSG
Climate Summit New York Declaration on Forests
On September 23, 2014, at the UN Climate Summit over
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150 parties, including the World
Bank, gathered to support the New York Declaration on Forests. The
main commitment in the Declaration is to halve the rate of natural
forest loss by 2020, and to strive to end natural forest loss by
2030. Germany, Norway, and the UK announced a pledge to fund up to 20
more large-scale programs implemented through the FCPF and the BioCarbon Fund, as well as bilateral means. The
declaration manifested real intention to accelerate action and sent
an unmistakable signal going into Paris 2015.
Read more
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Announcements
of new funding
At PC18 in Arusha, the European
Commission announced additional funding of 12 million Euros to the
FCPF Readiness Fund.
At the COP20 in Lima, Germany announced
additional funding of 20 million Euros to the FCPF Readiness Fund.
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Fast Facts
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The Carbon
Fund has fully committed its
$465m pipeline with a total of 11 programs.
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$90m
available for REDD+ readiness through signed grant agreements
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Administrative
costs represent less than 3% of total disbursements from the
Readiness Fund.
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D.C. (CF11) welcomed three more
countries to the Fund: Guatemala, Indonesia and Peru. Under current
capitalization levels of $465m and with eleven ER-PINs selected (or
provisionally selected), the pipeline for the Carbon Fund is now
considered filled. This marks the end of an exciting series of three
sequential Carbon Fund meetings that saw tremendous progress in
shaping a diverse pipeline of landscape-level programs and the
beginning of a new period for the Carbon Fund during which focus will
shift to the development of full-fledged ER Programs.
Read more
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ERPA
General Conditions Approved by Participants Committee
The 18th
Participants Committee (PC) meeting just concluded
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in Arusha, Tanzania. The PC reviewed
Liberia's midterm progress report and allocated an additional $5m
grant. The PC also approved the General Conditions for future
Emission Reductions Payment Agreement (ERPA), the legal underpinning
for future REDD+ Programs under the Carbon Fund. A summary of the
meeting will be available on the FCPF website. Read
more
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2014 FCPF
Annual Report Now Available
The 2014 FCPF Annual Report showcases the
main achievements and results of the
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Facility over the last year. In
2014, the FCPF's partnership expanded to 47 REDD+ countries, as a financial
contribution from Norway of almost $100 million made it possible to
select an additional 11 new countries into the partnership. The
adoption of the Methodological Framework for the Carbon Fund in
December 2014 incentivized REDD+ countries to make competitive
proposals for large-scale, cross-sectoral
REDD+ Program proposals (so-called Emission Reduction Program Idea
Notes). The programs in the Carbon Fund pipeline will generate
important and practical lessons for performance-based mechanisms for
REDD+ and can inform the international negotiations in the UNFCCC
process. Read more
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Ask the FMT... ?
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How is the FCPF evaluated?
The FCPF Charter provides for periodic evaluations of the FCPF. The
first independent, external, evaluation of the program covered the
first two years of the Facility's operations 2008 to 2010. The next
evaluation will take place in 2015. Three REDD+ countries, three
donors, one observer, and one Delivery Partner will serve on a
committee to provide oversight to the evaluation. The draft terms of reference are available on the
FCPF website and will be updated based on inputs provided.
What is the
Readiness Assessment process?
A Readiness Assessment is necessary prior to submission of an ER
Program to the Carbon Fund but can also potentially be used by
non-Carbon Fund countries to access other sources of REDD+ funding.
The Readiness Assessment Framework was adopted
by the PC in March 2013. At PC18 in November 2014, the Participants
supported the FMT's recommendation for a small, focused review
process by the Technical Advisory Panel and Participants Committee building
on the in-country multi-stakeholder self-assessment process.
Who are the
New Observers to the FCPF Readiness Fund and Carbon Fund?
In the run-up to the 7th meeting of the FCPF Participants
Assembly Indigenous Peoples (IP) and Civil Society Organizations
(CSO) Observers were self-selected by their respective regional
constituencies to represent them at FCPF meetings and related proceedings.
For the FCPF Readiness Fund, not counting alternates, there are nine
Observers total, five for IP (two from Africa, two from Latin
America, and one from Asia-Pacific) and four for CSO (one each from
Africa, Latin America, and Asia-Pacific, and one representing
Northern CSO). Constituencies are encouraged to reach out to their
respective representative, who is also responsible for reporting back
on a regular basis. A complete Observers list with contact
information is found below.
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Voices from the FCPF
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"We have come
a long way in building a partnership and trustful relation with the FCPF
and our REDD+ countries_We the IPs would like to acknowledge and
thank sincerely the FCPF program in helping to facilitate the
inclusion and participation of IPs at global, regional most
importantly national levels. "
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-Pasang Dolma Sherpa, IP observer from Asia and
Pacific to the PC, FCPF
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Events
& Deadlines
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Dec 1 - 12, 2014 UNFCCC
COP20, Lima, Peru
Dec 4 2014 FCFP & MINAM Peru COP side
event: Piloting REDD+ results based payments at national and
subnational scales, Lima, Peru
Dec 6 - 7, 2014 Global
Landscapes Forum Lima, Peru
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April 28 - 30, 2015 12th Carbon Fund Meeting
(CF12), Paris, France
May 18 - 22, 2015 (TBC) 19th Participants
Committee Meeting (PC19), Washington, D.C.
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Please submit suggestions for your stories and other
feedback on the newsletter.
This newsletter is issued every 2-3 months. For more information
about FCPF please visit: www.forestcarbonpartnership.org.
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Copyright © 2014 Forest Carbon Partnership
Facility newsletter
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