Portfolio Criteria
The BioCarbon Fund projects and project portfolio will have to fulfill a number of criteria, among which:
Climate and Environment
- Will there be real gains in carbon sequestration or net greenhouse gas emission
reductions (considering all greenhouse gases); what amount and at what cost?
- Does the project meet the likely requirements of the CDM? A project can still be
considered even if it does not fulfill this requirement as the Fund will have CDM
compliant and CDM non-compliant windows.
- Does the project clearly meet sustainability criteria and contribute to the goals of
the major environmental conventions such as The Convention on Biological Diversity (CBD),
The Convention to Combat Desertification (CCD) and the Ramsar Convention on wetlands?
Poverty Alleviation
- Will the project improve the livelihoods of a significant number of local/low-income
people?
- Will the World Bank's Safeguard Policies be met?
Project Management and Learning
- Is the project cost effective?
- What learning opportunities does the project offer? Can we learn about, and address,
design, finance, institutional arrangements, implementation, monitoring, leakage and
permanence issues?
- Is there an adequate enabling environment in place? (Factors to consider here include
the general political/security situation, a national climate change policy framework, etc.)
- Do appropriate institutions exist to serve as intermediaries between the BioCarbon
Fund as a buyer and local communities as sellers?
Portfolio Balance
- How replicable (transferable) is the experience and knowledge gained from this project?
- Does this project add to the range (project type, economic situation, geographic
distribution, social environment) and learning experience in the portfolio?
|
|
