Ethiopia has signed a landmark agreement with ISFL that rewards community efforts to reduce carbon emissions by tackling deforestation, and land and forest degradation.

The Emission Reductions Purchase Agreement (ERPA) unlocks up to $40 million that will help communities, government, and stakeholders to reduce carbon emissions and increase carbon sequestration through forest preservation and other environment-friendly land uses.

This ERPA marks the first of its kind for ISFL, which will reward efforts to reduce around 4 million metric tons of carbon dioxide equivalent emissions through 2030 under Ethiopia’s ambitious Oromia Forested Landscape Program.

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In April, the World Bank hosted a multi-sector event to discuss the past, present, and future role Nepal’s production landscapes play in operationalizing the country’s vision for green, resilient, and inclusive development in forest landscapes.

A dynamic panel of speakers, including the FCPF’s Fund Manager Andres Espejo, highlighted unique opportunities at the nexus of water, agriculture and forests that can address climate and other environmental risks, as well as enhance the inclusion of Indigenous Peoples, local communities, and women in the rural economy.

Watch event recording

With support from the ISFL and partners, Colombian farmers in the rice, cocoa, palm oil, livestock, cashew and commercial forestry sectors are using sustainable agricultural practices that are contributing to tangible emission reductions in the country’s resource-rich Orinoquia region.

These practices are also helping to attract other smallholder producers, including women and youth, to adopt climate-smart agricultural approaches.

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A recent World Bank blog by Ayat Soliman (Director for Strategy and Operations, Latin America and Caribbean) profiles the contributions of the FCPF and ISFL in mobilizing carbon finance, as well as in the development of current methodologies being used to design, verify, and operate carbon projects.

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Catch new episodes in the World Bank's popular multilingual podcast series Get REDDY, on topics ranging from REDD+ and gender equality to biodiversity preservation. Several episodes are now also available in the Nepali language.

Produced by the FCPF and EnABLE trust fund, Get REDDY is a podcast on REDD+ by and for Indigenous Peoples and local communities. It shares accessible, easily understandable information about climate change, REDD+, and results-based climate finance to help communities in their engagement with REDD+ programs and activities.

Listen to all Get REDDY podcasts

In the Democratic Republic of Congo's (DRC) forest-rich Mai Ndombe Province, an agroforestry project is investing in more sustainable forms of agriculture and charcoal production to reduce the pressure on natural forests and improve people’s livelihoods.

With support from the FCPF, the Integrated REDD+ project, known as PIREDD/Mai-Ndombe, has been a trailblazing partnership between the DRC’s Ministry of the Environment and Sustainable Development, the World Bank, the Central African Forest Initiative, and the Global Environment Facility.

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In a new World Bank Climate Explainer, Asyl Undeland, Senior Social Development Specialist in the Bank’s Climate Change Fund Management Unit, explains how designing emission reductions programs with social inclusion in mind makes for more sustainable climate results. It also enhances social development outcomes, and generates important benefits for communities.

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How does the World Bank ensure climate financing gets to everyone who contributes to reducing emissions?

The Bank's trust fund Enhancing Access to Benefits while Lowering Emissions (EnABLE) is working to ensure that marginalized communities and disadvantaged groups have a voice in the planning and implementation of emission reductions programs and equal access to the resulting benefits.

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This newsletter provides the latest updates from the World Bank's trust fund Enhancing Access to Benefits while Lowering Emissions (EnABLE), and related social inclusion work with other World Bank funds including Scaling Climate Action by Lowering Emissions (SCALE), the FCPF and ISFL.

The April issue includes highlights from January to March 2023, as well as details of upcoming publications and events.

Read EnABLE's April newsletter

World Bank and Ethiopia Sign $40 Million Agreement to Cut Carbon Emissions Through Sustainable Landscape Management (ESG News)

Ethiopia, World Bank sign first emission reduction purchase accord (Newsroom Odisha)

GHANA: Accra Receives $4.8m For Reducing CO2 Emissions Through REDD+ (Afrik21)

Ghana receives payments for reducing carbon emissions (African Review of Business and Technology)

Carbon finance can support sustainable farming in Africa - here's how (World Economic Forum)

A decade of high ambition for healthy forests in Cambodia (Khmer Times)

VIDEO: Harnessing the power of data for forests (UNDP)

Training the next generation of Colombian farmers on sustainable cocoa production (International Finance Corporation)

Video: In English and Spanish