The latest news from the Forest Carbon Partnership Facility

and BioCarbon Fund Initiative for Sustainable Forest Landscapes

This newsletter highlights updates from the Forest Carbon Partnership Facility (FCPF), the BioCarbon Fund Initiative for Sustainable Forest Landscapes (ISFL), and related forest and climate fund work between November 2024 and January 2025.


UK unveils new funding for World Bank’s SCALE fund


At the UNFCCC’s COP29 summit in Baku, the UK Government pledged £239 million to halt and reverse deforestation in forest-rich nations, supporting global efforts to tackle climate change.


The £239 million pledge includes £188 million in funding for the World Bank's Scaling Climate Action by Lowering Emissions fund (SCALE), to support the development of high-integrity forest carbon markets and drive emission reductions. SCALE is coordinating its Natural Climate Solutions work side-by-side with the FCPF.


The pledge also includes £10 million for the World Bank's Enhancing Access to Benefits while Lowering Emissions (EnABLE) multi-donor trust fund. EnABLE is carrying on the work of the FCPF's Capacity Building Program, with activities in 13 of the 15 FCPF Carbon Fund countries.


Read more on the UK’s COP29 announcement


Read more about the FCPF and SCALE in the FCPF's 2024 annual report

Read SCALE's annual report

The World Bank Group @COP29: Key outcomes and the road ahead


The World Bank Group’s engagement at COP29 focused on showcasing important progress made on climate commitments and new initiatives. Targeting climate finance, the Bank's announcements at COP29 demonstrated both ambitious delivery and partnership, backed by strong examples from the FCPF and ISFL.


Together with multilateral development banks, the World Bank also announced a commitment to provide $120 billion annually in climate finance for low- and middle-income countries by 2030, with $42 billion dedicated to adaptation and $65 billion mobilized from the private sector.


Watch highlights from the World Bank Group Pavilion at COP29


Download the World Bank’s COP29 Carbon Markets “Promises into Progress” fact sheet


World Bank Blog: From Paris to Baku: Article 6 rules finally take flight after a decade of negotiations

Read more

Chile receives first FCPF payment for verified carbon emissions 

Chile has received $5.1 million from the FCPF Carbon Fund for reducing just over 1 million tons of carbon emissions from deforestation and forest degradation (REDD+).


This marks the first payment under Chile’s Emission Reductions Payment Agreement with the FCPF, which provides access to up to $26 million for reducing 5.2 million tons of emissions.


To date, FCPF emission reductions programs have reported more than 105 million tons of emission reductions, and disbursed over $164 million in results-based payments.


Read more on Chile's first payment in English and

Spanish


World Bank blog: How is Chile building a resilient future for its forests? -- in English and Spanish

Momentum in forest carbon progress: 2024 and beyond


In this year-end blog, FCPF Fund Managers Andres Espejo and Chie Ingvoldstad highlight the FCPF's significant strides in 2024, helping countries deliver substantial high-integrity forest carbon emission reductions, and proving a scalable model to reach global net-zero deforestation by 2030.

Read the blog

World Bank enhances its Carbon Asset Tracking System to boost transparency in emission reductions


The World Bank has launched an enhanced version of its Carbon Asset Tracking System (CATS). The updated CATS 2.0 dashboard introduces critical improvements to align with international compliance frameworks such as Article 6 of the Paris Agreement, while also supporting new World Bank emission reductions programs and initiatives.


The CATS platform now integrates services for funds managed under the World Bank Climate Change Group, including the FCPF, ISFL, Transformative Carbon Asset Facility (TCAF), Carbon Initiative for Development (Ci-Dev), and Scaling Climate Action by Lowering Emissions (SCALE).

Read feature story

Advancing landscape management to reduce emissions, safeguard biodiversity, and support livelihoods


In this recent ISFL blog, World Bank Environment Specialist Marcela Portocarrero Aya details how the Biocarbon Project in Colombia's Orinoquia region has driven behavioral change among governments, forest communities, and agricultural producers across a vast region of more than 25 million hectares.


With support from the ISFL, the Biocarbon Project has been a catalyst for reshaping land-use practices in Colombia. Marcela Portocarrero Aya writes, "The lessons learned in Colombia are part of a broader effort across five ISFL-supported countries — Colombia, Ethiopia, Indonesia, Zambia, and Mexico — to test innovative approaches and share insights globally."


Read more on Colombia's ISFL program


Read the blog in Spanish

Read the blog

EnABLE fund releases its 2024 annual report  

The World Bank's Enhancing Access to Benefits while Lowering Emissions (EnABLE) multi-donor trust fund recently released its 2024 annual report.


EnABLE is carrying on the work of the FCPF's Capacity Building Program (2008-2022) by providing global knowledge, operations, and technical assistance to civil society organizations aimed at enhancing the inclusion of marginalized communities and disadvantaged groups in FCPF emission reductions programs.


With activities in 13 of the 15 FCPF Carbon Fund countries, EnABLE is working to ensure that the carbon and non-carbon benefits identified in emission reductions program benefit-sharing plans are effectively channeled to Indigenous Peoples, local communities, and other marginalized communities.


Learn more about EnABLE's activities in its most recent quarterly newsletter: in English, French and Spanish.

Download the report

Driving change: Private sector boosts sustainable agriculture in Colombia

A recent ISFL feature story highlights the promising opportunities and innovative solutions for sustainable agriculture being implemented in Colombia's Orinoquia region.


These efforts were recently showcased at Colombia's Agriculture and Climate Forum, marking the culmination of three years of analytical studies on climate-smart agriculture by the World Bank’s Agriculture Unit.

Read feature story

Highlights from FCPF Carbon Fund meeting in Côte d'Ivoire

The FCPF Carbon Fund’s 29th meeting (CF29) took place last week in Côte d'Ivoire.


The first three days of CF29 were held in the country’s capital Abidjan, where participants heard updates on overall fund progress, as well as the advancement of benefit-sharing plans, the FCPF Standard, and monetization of excess emission reductions credits, among other topics. Opening remarks were given by Côte d'Ivoire's Minister of Environment Konan Jacques Assahore, and the World Bank's Country Director Marie-Chantal Uwanyiligira.


Participants also engaged in deep-dive learning sessions on emission reductions verification and benefit-sharing plan implementation, focusing on lessons learned and the sharing of knowledge and good practices among Carbon Fund countries.


During the final two days of the meeting, participants visited the Taï National Park, the Rapides Grah classified forest, and learned from the agroforestry plots of beneficiaries of Côte d'Ivoire’s emission reductions program with the Carbon Fund.

CF29 agenda and presentations

Forest and climate funds in the news

Natural Forest Regeneration Reverses Drought, Helps Rebuild Communities in Ethiopia (The Energy Mix)


Chile receives loan from World Bank to reduce carbon emissions related to REDD+ (Green Finance for LAC)


Chile gets US$5.1 million from the World Bank to cut 1.03 million tons of carbon emissions (ESG News)


Expanding the Dimensions of Global Development- World Bank launches its 2024 Trust Fund Annual Report (World Bank Group)


Chile Secures $5.1M for Cutting 1.03M Ton Carbon Emissions (Mirage News)


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Newsletter photo credits: COP29 photo (Andrea Garcia Salinas/World Bank); Chile ER payment (J. Balla/UnSplash); FCPF year-end blog (Linh Pham/World Bank); all other photos courtesy of World Bank or partners and used with permission or purchased stock.