Fast-Start Financing: Forests and Agriculture Initiatives

Through its fast-start financing contribution, Canada works with its international partners to address the problem of deforestation and forest degradation and provide technical and financial assistance to least developed countries.

Funding Recipient/Project: Forest Carbon Partnership Facility – Readiness Fund
Canada’s Contribution: $40 million
Funding Period: 2010/11
Targeted Country/Region: Multiple
Project Description: The Forest Carbon Partnership Facility (FCPF) is a World Bank-managed facility created in 2008 to assist developing countries in their efforts to Reduce greenhouse gas Emissions from Deforestation and forest Degradation plus improve conservation, sustainable management of forests and enhancement of forest carbon stocks (REDD+). In addition to financial assistance, the FCPF builds capacity to understand and address REDD+ issues, and engages in REDD+ readiness planning.

Canada provided $40 million in fast-start financing to the Readiness Fund of the FCPF to support REDD+ country participants to build national capacity to address the problem of deforestation and forest degradation. The Readiness Fund provides technical and financial assistance to countries in the development of their Readiness Plan Idea Notes and their subsequent Readiness Preparation Plans (R-PPs).

Results Achieved to Date: As of April 2012, the FCPF had provided technical and financial assistance to 35 out of 37 REDD+ country participants. The FCPF Participants Committee, in which Canada participates, has reviewed and approved a total of 19 R-PPs, three of which are at the grant agreement stage, the value of which are each between $3.4-3.6M.


Funding Recipient/Project: Forest Carbon Partnership Facility – Carbon Fund
Canada’s Contribution: $5 million
Funding Period: 2011/12
Targeted Country/Region: Multiple
Project Description:  The Forest Carbon Partnership Facility (FCPF) is a World Bank-managed facility created in 2008 to assist developing countries in their efforts to Reduce greenhouse gas Emissions from Deforestation and forest Degradation plus improve conservation, sustainable management of forests and enhancement of forest carbon stocks (REDD+). In addition to financial assistance, the FCPF builds capacity to understand and address REDD+ issues, and engages in REDD+ readiness planning.

To complement its investment in the Forest Carbon Partnership Facility Readiness Fund,  Canada provided $5 million to the Carbon Fund to assist developing countries reduce greenhouse gas emissions from deforestation and forest degradation.

Results Achieved to Date: The World Bank is currently putting into place a governance structure for the Carbon Fund.


Funding Recipient/Project: Congo Basin Forest Fund - Protecting the Congo Basin Forest
Canada’s Contribution: $20 million
Funding Period: 2011/12
Targeted Country/Region: Central Africa
Project Description: The Congo Basin in Central Africa is home to one-quarter of the world’s tropical forests. This vast area is critical for regional and global ecological services as it acts as a carbon sink and catchment basin. The Congo Basin countries are the home to nearly 100 million people, of which some of the world’s poorest people, many of whom depend on the forest for their livelihoods. As such, sustainable management of the Congo Basin is key to improving living conditions while minimizing the impact on the local and global environment.
Results Achieved/Expected: Canada committed $20 million to the Congo Basin Forest Fund (CBFF) to help local communities in forest zones secure sustainable livelihoods and reduce greenhouse gas emissions, therefore alleviating poverty while maximizing carbon storage.


Funding Recipient/Project: Congo Basin Forest Partnership Facilitation
Canada’s Contribution: $2 million
Funding Period: 2011/12 and 2012/13
Targeted Country/Region: Central Africa
Project Description: The Congo Basin in Central Africa is home to one-quarter of the world’s tropical forests. This vast area is critical for regional and global ecological services as it acts as a carbon sink and catchment basin. The Congo Basin countries are the home to nearly 100 million people, of which some of the world’s poorest people, many of whom depend on the forest for their livelihoods. As such, sustainable management of the Congo Basin is key to improving living conditions while minimizing the impact on the local and global environment. As a compliment to its investment in the Congo Basin Forest Fund, Canada is providing another $2 million to support technical assistance to working groups on climate change, forestry governance, biodiversity, and desertification in the Congo Basin region through the Congo Basin Forest Partnership (CBFP) Facilitation.
Results Achieved/Expected: The Congo Basin Forest Partnership (CBFP) Facilitation initiative will be implemented over 2 years. It will allow Canada, as the current facilitator of the CBFP (2010-2012), to provide additional support for technical assistance to working groups on climate change, forestry governance, biodiversity, and desertification. The selection process for partners and beneficiaries (working groups on climate change, forestry governance, biodiversity, and desertification) is currently underway.


Funding Recipient: World Bank BioCarbon Plus Fund
Canada’s Contribution: $4.5 million
Funding Period: 2011/12
Targeted Country/Region: Multiple countries and regions
Project Description: Canada’s fast-start financing provided to the World Bank BioCarbonplus Fund supports capacity building and technical assistance to BioCarbonplus Fund projects on forests and agriculture. Specifically, BioCarbonplus activities build capacity to facilitate and develop projects that contribute to reduced greenhouse gas emissions, improved quality of life for local communities and strengthened poverty alleviation efforts. 
Results Achieved to Date: Since Canada's fast-start financing contribution to the fund, the BioCarbon Plus Fund has achieved several results. These important developments will support climate change efforts in the forestry and agricultural sectors:  

  • the development of tools to improve the monitoring of afforestation and reforestation projects;
  • the delivery of a workshop for African agriculture negotiators interested in promoting eligible land-use activities; and,
  • the publication of documented lessons learned from past projects.
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