The World Bank’s Forest Carbon Partnership Facility “has not saved a single hectare of forest”
reddmonitor.substack.com
The World Bank’s Forest Carbon Partnership Facility is supposed to help countries in the Global South reduce emissions from deforestation and forest degradation. It was launched at COP 13 in Bali in 2007. The Fund capital stands at US$1.12 billion, of which US$370 billion is for the Readiness Fund, and US$750 million is for the Carbon Fund. But after nine years, the FCPF cannot point to a single country in which it has actually reduced deforestation.
The World Bank’s Forest Carbon Partnership Facility “has not saved a single hectare of forest”
The World Bank’s Forest Carbon Partnership…
The World Bank’s Forest Carbon Partnership Facility “has not saved a single hectare of forest”
The World Bank’s Forest Carbon Partnership Facility is supposed to help countries in the Global South reduce emissions from deforestation and forest degradation. It was launched at COP 13 in Bali in 2007. The Fund capital stands at US$1.12 billion, of which US$370 billion is for the Readiness Fund, and US$750 million is for the Carbon Fund. But after nine years, the FCPF cannot point to a single country in which it has actually reduced deforestation.