Developing and industrialized countries have requested the World Bank to explore a framework for piloting activities that would reduce emissions from deforestation and degradation using a system of policy approaches and performance-based payments. The proposed framework is called the Forest Carbon Partnership Facility.
The proposed Facility would set the stage for a future, large-scale system of positive incentives for reducing emissions from deforestation and degradation. The Facility would finance capacity building to increase developing countries’ capacity to harness a future system of payments, and pilot performance-based carbon purchases for avoided emissions in a small number of countries. Subject to World Bank clearances, the Facility may be launched at CoP13 in Bali and declared operational in 2008.
