BioCarbon Fund

IATI Identifier: GB-GOV-13-91107
Published in IATI IATI
  • date_range Dec 19, 2013
  • autorenew Implementation (Status)

This fund will mobilise finance to reduce carbon emissions in forest and agricultural ecosystems. DECC has invested £50m to support investments in a number of country programmes, which are currently being developed and agreed. The Fund will 1) provide technical assistance for REDD+ implementation and measures which improve the enabling environment for private sector investment; 2) offer finance for Verified Emission Reductions associated with avoided deforestation; and 3) secure private sector finance, for example through purchasing commitments for sustainable commodities produced in the jurisdiction (sometimes called ‘offtaker agreements’). 1. Each country programme under the BioCarbon Fund will operate at the jurisdiction-scale, that is within a landscape-wide area that is governed by a single political jurisdiction. Activities that are likely to be supported include small scale plantation farming, sustainable forest management, afforestation and reforestation, regeneration, National Park designation / no-deforestation zoning, agroforestry and sustainable agricultural practices. ;

more_horiz
Sectors:
  • Forestry policy and administrative management error
    Sector code:
    31210 - Forestry policy and administrative management
    Sector vocabulary:
    1 - OECD DAC CRS Purpose Codes (5 digit)

Participating Organisations

Organisation Name Organisation Type Organisation Role
UK Depatment of Energy and Climate Change Government Funding

Transaction

Transaction Value Provider Receiver Type Date
50,000,000 GBP (Valued at Dec 19, 2013) circle UK Department for Energy and Cliamte Change circle World Bank Disbursement date_rangeDec 19, 2013

Budget

81,845,920 USD
50,000,000 GBP (Valued at Dec 19, 2013) date_range Dec 19, 2013 - Dec 31, 2016
access_timeUpdated on Feb 22, 2018 11:15:37
View XML file here