The 2023 FCPF 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.

The promise of REDD+ delivered its most tangible win this past year. In October, the Forest Carbon Partnership Facility Carbon Fund issued to Mozambiquethe world’s first payment for independently verified jurisdictional REDD+ emission reductions. With more payments in the FCPF pipeline, we can now definitively say, it pays to cut emissions, not trees.

During a year filled with unprecedented change and uncertainty due to the COVID-19 pandemic, FCPF participant countries stepped up to the challenge with a record number of signed Emission Reductions Payment Agreements and payments for emission reductions.

The FCPF’s 2020 Annual Report highlights how global REDD+ readiness and implementation efforts are moving ahead around the world.

It has been a milestone year for the Forest Carbon Partnership Facility (FCPF), marking 10 years since the facility first became operationalized. A decade later, the FCPF continues to champion efforts to reduce emissions from deforestation and forest degradation and promote sustainable forest management. These activities, commonly referred to as REDD+, remain some of the planet’s best options to preserve forests and biodiversity, mitigate climate change, and improve livelihoods. 

The FCPF's 2019 Annual Report highlights national-level progress across the Facility's 47 country participants as well as global REDD+ readiness and implementation efforts.

Demonstrating activities that reduce emissions from deforestation and forest degradation in developing countries

This report marks the third year of implementation of the FCPF. The first three years have seen the development of the FCPF and REDD+ at the global and national levels. Remarkable progress was achieved in the UNFCCC, an international REDD+ Partnership was established, and global initiatives such as the FCPF, the UN-REDD Programme, the Forest Investment Programme and the GEF’s new SFM/REDD+ window were set up to assist forest countries in tackling the REDD+ challenge.

This past year has been a significant one for the Forest Carbon Partnership Facility (FCPF), with countries leading the shift from preparing to implementing large-scale Emission Reductions Programs. This transition could not come at a more urgent time, as sustainable land use–including sustainable forest management—is a critical avenue to achieving the ambitious national targets set out in the Paris Agreement.

In its fourth year of implementation, the Forest Carbon Partnership Facility (FCPF) focused on putting in place the operational framework for the transition from the Readiness Fund to the Carbon Fund.