The Government of the United Kingdom of Great Britain and Northern Ireland (UK) announced a contribution of £40 million to the World Bank administered BioCarbon Fund (BCF).
The funding will support the BCF Initiative on Sustainable Forest Landscapes (ISFL) in order to reduce greenhouse gas (GHG) emissions from land use, deforestation and forest degradation.
27 January 2015: The Government of the United Kingdom of Great Britain and Northern Ireland (UK) announced a contribution of £40 million to the World Bank administered BioCarbon Fund (BCF). The funding will support the BCF Initiative on Sustainable Forest Landscapes (ISFL) in order to reduce greenhouse gas (GHG) emissions from land use, deforestation and forest degradation.
Sourced from the UK International Climate Fund, the contribution will target activities in Indonesia and Zambia with a focus on technical assistance for REDD+ and engagement of the private sector. The funding will also support investments in climate-smart agriculture and biodiversity conservation and sustainable use. Overall, the funding brings the total budget of World Bank administered climate and forest funds to US$ 1.3 billion. [World Bank Blog Post] [Publication: Intervention Summary – BioCarbon Fund Initiative for Sustainable Forest Landscapes]