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Meridian Institute

World Bank Forest Carbon Partnership Facility Private Sector Observer

Related: Agriculture and Food Systems, Climate Change

The World Bank created the Carbon Fund (CF) of the Forest Carbon Partnership Facility (FCPF) to provide payments for verified emission reductions from activities that reduce emissions from deforestation and forest degradation and conserve forests (REDD+). The Carbon Fund’s goal is to help reduce the negative impact from the loss and impoverishment of forests on global climate change. 

Transitioning to a low-carbon, climate-resilient development pathway will require significant investment, innovation and changes in the way governments and the private sector make decisions. FCPF identified the need to better engage with the private sector to support partner countries in mobilizing resources, knowledge and innovation for addressing climate change and promoting green growth.

Meridian Institute developed recommendations for a package of activities to improve the ability of the Carbon Fund to partner with private sector companies, facilitated a private sector selection process and developed a revised terms of reference to enhance the role of private sector observers to attract private investment in REDD+ programs and consistently engage experts in agriculture and sustainable supply chain development.