Posted on August, 28 2021

Both the Forest Carbon Partnership Facility (FCPF) Carbon Fund and the Green Climate Fund have now yielded useful lessons, highlighting opportunities to improve forest conservation finance. This report aims to support donors and countries in achieving effective and timely REDD+ finance in line with the objectives of the UNFCCC, and provides recommendations inspired by two centralized workshops with developing countries participating in the FCPF and bilateral interviews with national experts conducted by WWF. 

The report includes an analysis of the FCFP Carbon Fund pilot program for REDD+, lessons learned from its implementation, and insights to inform future financial mechanisms for forest conservation, including the Green Climate Fund. It also explains how the FCPF Carbon Fund differs from other funds by requiring transfer of rights as part of its market-based approach; provides recommendations for how to address other important technical issues and challenges faced by countries and donors; and enumerates pitfalls to avoid and opportunities to take advantage of in relation to REDD+ readiness and implementation.