Policy paper

An International Climate Fund business case for DECC investment in the BioCarbon Fund and the Forest Carbon Partnership Facility - Carbon Fund

DECC’s International Climate Fund Business Case for investment in the BioCarbon Fund and potential investment in the Forest Carbon Partnership Facility – Carbon Fund, was approved by DECC Ministers in November 2013 and announced at COP19 by the Secretary of State.

This was published under the 2010 to 2015 Conservative and Liberal Democrat coalition government

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An International Climate Fund business case for DECC investment in the BioCarbon Fund and the Forest Carbon Partnership Facility - Carbon Fund

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The BioCarbon Fund mobilises finance to reduce carbon emissions in forest and agricultural ecosystems. It will combine a technical assistance facility with a series of country-focused investment windows to achieve this.

The Carbon Fund of the Forest Carbon Partnership Facility will make performance-based payments for carbon emissions reductions from forests and agriculture to REDD+ countries. The fund has a cut-off date of 2020 when it is envisaged that it will be replaced by a global agreement. It is designed to fund emissions reductions over a five year period, and it is likely that there will be about US$70 million available to buy emissions reductions directly in each REDD+ country.

Published 22 April 2014