Difference between revisions of "BioCarbon Fund Initiative for Sustainable Forest Landscapes (ISFL)"

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|Starting year=2004
 
|Starting year=2004
 
|Secretariat=World Bank (Carbon Finance Unit) - Dan Radack (Fund Manager); dradack@worldbankgroup.org
 
|Secretariat=World Bank (Carbon Finance Unit) - Dan Radack (Fund Manager); dradack@worldbankgroup.org
|Organisational structure=The Initiative’s efforts and activities are focused at the country level. Contributors will have the flexibility to support any of the country programs being developed under the Initiative. A decision-making body will be established for each country program for contributor governments and the World Bank to progress programming efficiently on the ground. Not all contributors need to participate in all the country programs; however, only those contributors who have contributed to a country program will be part of the decision-making process for that program. 
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|Organisational structure=ISFL is a multilateral facility, supported by donor governments and managed by the World Bank.  
 
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At the Initiative-level, contributors work together on the selection of country programs and exchanging lessons between them.
+
 
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At the level of the country programs, country-specific advisory bodies composed of leading experts from government, civil society and the private sector with a range of relevant knowledge may provide technical input into the program design and development of a specific country program, and work with recipient government to catalyze the implementation of programs.
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|Geographical coverage=Global,North America,Asia and the Pacific,Latin America and The Caribbean,Africa,Western Europe,Eastern Europe,
 
|Geographical coverage=Global,North America,Asia and the Pacific,Latin America and The Caribbean,Africa,Western Europe,Eastern Europe,
 
|Type of initiative=Implementation,
 
|Type of initiative=Implementation,
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|LPAA Theme Energy Access and Efficiency=No
 
|LPAA Theme Energy Access and Efficiency=No
 
|LPAA Theme Private Finance=No
 
|LPAA Theme Private Finance=No
|Description=The BioCarbon Fund is a public-private sector initiative mobilizing financing to help develop projects that sequester or conserve carbon in forest and agro-ecosystems. It was the first carbon fund established in the world to focus on land use.
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|Description=With the current level of funding, the BioCarbon Fund ISFL will create a portfolio of about four jurisdictional programs with country and regional diversity. A farmhouse and fields sit at the bottom of a forest valley. Jurisdictions will be identified based on a set of criteria that help to identify areas where ISFL can have the greatest impact.
  
The BioCarbon Fund has three tranches. Tranches 1 and 2 projects have invested in environmental restoration, afforestation, reforestation, sustainable agriculture, and project-level REDD+. Tranche 1 and 2’s innovative work was made possible through the technical support funded by the BioCFplus program.  The technical assistance portion of the Fund supports project development and implementation with capacity building and training. The program further supports the pioneering role of the BioCarbon Fund by developing methodologies and tools for carbon accounting, promoting policy dialogue and by disseminating lessons learned.
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The criteria are mainly related to REDD+ progress, trends in national agriculture production, and trends for global commodities but also include an assessment of the strength of the enabling environment, institutional matters, and non-carbon benefits.
  
On behalf of its investors, the BioCarbon Fund Tranches 1 and 2 pay for land-based carbon emission reductions from projects implemented on forested or agricultural lands in developing countries. The investors can choose to use these purchases against obligations for emission reductions under the Kyoto Protocol or for other regulated or voluntary greenhouse gas emission reduction regimes, and investors have the option to retire the emission reduction credits altogether, thereby funding these projects without purchasing any carbon credits. The payment made for the emission reductions in turn benefits the project stakeholders as per benefit-sharing arrangements agreed with each individual project.
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The ISFL has programs in Colombia, Ethiopia , and Zambia. A program in Indonesia is currently under consideration.  
  
Tranche 3 along with a portion of the BioCFplus is referred to as the Initiative for Sustainable Forest Landscapes (ISFL) and aims to promote reduced greenhouse gas emissions from the land sector, from deforestation and forest degradation in developing countries (REDD+) and from sustainable agriculture, as well as smarter land-use planning, policies and practices. The initiative will deploy results-based finance to incentivize changes at the landscape level.
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Multi-stakeholder engagement and coordination will take place at the level of the country programs. Consultation and participation of key stakeholders will be an integral part of program development and implementation and will build on existing participatory mechanisms developed during the REDD+ readiness phase or other relevant processes of participating countries to the extent possible.
 
|Goals=The BioCarbon Fund aims to incentivize better land management, mitigate climate change and help communities adapt by providing revenues through the carbon markets or other forms of results-based payments.  
 
|Goals=The BioCarbon Fund aims to incentivize better land management, mitigate climate change and help communities adapt by providing revenues through the carbon markets or other forms of results-based payments.  
  
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In addition, the Initiative is designed to work alongside a wide range of private actors, from multi-national corporations to large national actors and emerging small and medium enterprises and smallholders, incentivizing them to accelerate “forest-proof” sourcing of commodities and redirecting market forces toward more sustainable and equitable land management practices.
 
In addition, the Initiative is designed to work alongside a wide range of private actors, from multi-national corporations to large national actors and emerging small and medium enterprises and smallholders, incentivizing them to accelerate “forest-proof” sourcing of commodities and redirecting market forces toward more sustainable and equitable land management practices.
|Activities=Over the past decade, the BioCarbon Fund Tranches 1 and 2 have committed $90 million to 25 projects that are restoring 150,000 hectares of degraded lands and reducing deforestation in over 350,000 hectares of land.
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|Activities=The Initiative’s efforts and activities are focused at the country level. Contributors will have the flexibility to support any of the country programs being developed under the Initiative. A decision-making body will be established for each country program for contributor governments and the World Bank to progress programming efficiently on the ground. Not all contributors need to participate in all the country programs; however, only those contributors who have contributed to a country program will be part of the decision-making process for that program.
  
These projects are sequestering 15 million tons of CO2e in their first 10 years of operation. The projects have all been pioneers in the land-use carbon markets and span 16 countries across major regions of the developing world (Africa, Asia, Europe, and Latin America).
+
At the Initiative-level, contributors work together on the selection of country programs and exchanging lessons between them.
 +
 
 +
At the level of the country programs, country-specific advisory bodies composed of leading experts from government, civil society and the private sector with a range of relevant knowledge may provide technical input into the program design and development of a specific country program, and work with recipient government to catalyze the implementation of programs.
 
|Participants=Participants investing in the BioCarbon Fund tranche 2 included six governments and public entities and 12 private companies. The BioCarbon Fund is housed within the Carbon Finance Unit of the World Bank. The current BioCarbon Fund Initiative for Sustainable Forest Landscapes (ISFL) is funded by the governments of Germany, the Kingdom of Norway, the United Kingdom, the United States and has the World bank as partner.
 
|Participants=Participants investing in the BioCarbon Fund tranche 2 included six governments and public entities and 12 private companies. The BioCarbon Fund is housed within the Carbon Finance Unit of the World Bank. The current BioCarbon Fund Initiative for Sustainable Forest Landscapes (ISFL) is funded by the governments of Germany, the Kingdom of Norway, the United Kingdom, the United States and has the World bank as partner.
 
|Funders=The World Bank, Germany, the Kingdom of Norway, the United Kingdom, the United States
 
|Funders=The World Bank, Germany, the Kingdom of Norway, the United Kingdom, the United States

Revision as of 09:05, 23 February 2017

General

Name of initiative BioCarbon Fund Initiative for Sustainable Forest Landscapes (ISFL)
LPAA initiative No
NAZCA Initiative No
Website address http://www.biocarbonfund-isfl.org/
Related initiatives
Starting year 2004
End year
Secretariat World Bank (Carbon Finance Unit) - Dan Radack (Fund Manager); dradack@worldbankgroup.org
Organisational structure ISFL is a multilateral facility, supported by donor governments and managed by the World Bank.
Geographical coverage Global, North America, Asia and the Pacific, Latin America and The Caribbean, Africa, Western Europe, Eastern Europe
Name of lead organisation
Type of lead organisation International organisation
Location/Nationality of lead organisation United States of America

Description

Description With the current level of funding, the BioCarbon Fund ISFL will create a portfolio of about four jurisdictional programs with country and regional diversity. A farmhouse and fields sit at the bottom of a forest valley. Jurisdictions will be identified based on a set of criteria that help to identify areas where ISFL can have the greatest impact.

The criteria are mainly related to REDD+ progress, trends in national agriculture production, and trends for global commodities but also include an assessment of the strength of the enabling environment, institutional matters, and non-carbon benefits.

The ISFL has programs in Colombia, Ethiopia , and Zambia. A program in Indonesia is currently under consideration.

Multi-stakeholder engagement and coordination will take place at the level of the country programs. Consultation and participation of key stakeholders will be an integral part of program development and implementation and will build on existing participatory mechanisms developed during the REDD+ readiness phase or other relevant processes of participating countries to the extent possible.

Objectives The BioCarbon Fund aims to incentivize better land management, mitigate climate change and help communities adapt by providing revenues through the carbon markets or other forms of results-based payments.

The BioCarbon Fund ISFL is committed to working at the scale of the jurisdictional landscape. National or jurisdictional governments consider the trade-offs and synergies between different land-uses that may compete in a jurisdiction — such as agriculture, energy, and forest protection and successfully identify integrated solutions that serve multiple objectives. Adopting a landscape approach means implementing a development strategy that is climate smart, equitable, productive and profitable at scale and strives for environmental, social, and economic impact.

In addition, the Initiative is designed to work alongside a wide range of private actors, from multi-national corporations to large national actors and emerging small and medium enterprises and smallholders, incentivizing them to accelerate “forest-proof” sourcing of commodities and redirecting market forces toward more sustainable and equitable land management practices.

Activities The Initiative’s efforts and activities are focused at the country level. Contributors will have the flexibility to support any of the country programs being developed under the Initiative. A decision-making body will be established for each country program for contributor governments and the World Bank to progress programming efficiently on the ground. Not all contributors need to participate in all the country programs; however, only those contributors who have contributed to a country program will be part of the decision-making process for that program.

At the Initiative-level, contributors work together on the selection of country programs and exchanging lessons between them.

At the level of the country programs, country-specific advisory bodies composed of leading experts from government, civil society and the private sector with a range of relevant knowledge may provide technical input into the program design and development of a specific country program, and work with recipient government to catalyze the implementation of programs.

One or two success stories achieved

Monitoring and Impacts

Function of initiative Funding, Implementation, Technical dialogue
Activity of initiative Fundraising, Technical operational implementation (ex-post), Knowledge dissemination and exchange, Knowledge production and innovation, Financing
Indicators
Goals
Comments on indicators and goals
How will goals be achieved
Have you changed or strenghtened your goals
Progress towards the goals
How are you tracking progress of your initiative
Available reporting

Participants

Participants Number Names
Members 0  
Companies 0
Business organisations 0
Research and educational organisations 0
Non-governmental organisations 0
National states 0
Governmental actors 0
Regional / state / county actors 0
City / municipal actors 0
Intergovernmental organisations 0
Financial Institutions 0
Faith based organisations 0
Other members 0
Supporting partners 0
Number of members in the years
Have only national states as participators No


Theme

Transport Agriculture Forestry Business Financial institutions Buildings Industry Waste Cities and subnational governments Short Term Pollutants International maritime transport Energy Supply Fluorinated gases Energy efficiency Renewable energy Supply chain emission reductions Adaptation Other Resilience Innovation Energy Access and Efficiency Private Finance
No Yes Yes No Yes No No No No No No No No No No No Yes No No No No No
Last update: 8 March 2022 12:19:06

Not only have national states as participators