The World Bank’s Forest Carbon Partnership Facility is supposed to help countries in the Global South reduce emissions from deforestation and forest degradation. It was launched at COP 13 in Bali in 2007. The Fund capital stands at US$850 million, of which US$1.12 billion is for the Readiness Fund, and US$750 million is for the Carbon Fund. But after nine years, the FCPF cannot point to a single country in which it has actually reduced deforestation.
Last week saw the 14th meeting of the Carbon Fund, part of the World Bank’s Forest Carbon Partnership Facility. At the meeting Costa Rica and the Democratic Republic of Congo presented their REDD programme plans. The Carbon Fund approved both country’s REDD plans (called Emmissions Reduction Program Documents in the World Bank’s jargon).
“What we need is a new model of development for countries with tropical forests,” says Maria Claudia García, National Director of Forestry, Biodiversity and Ecosystem Services at the Ministry of the Environment and Sustainable Development in Colombia. According to Garcia, REDD is a “new vision”.
In mid-January 2016, the Democratic Republic of Congo submitted its revised Emission Reductions Programme Document (ER-PD) to the Carbon Fund of the World Bank’s Forest Carbon Partnership Facility. The Environmental Investigation Agency has produced a report of “preliminary comments” on the ER-PD.
Costa Rica was the first country in the world to negotiate a deal with the World Bank’s Forest Carbon Partnership Facility to sell REDD credits. In September 2013, the government signed a letter of intent with FCPF to negotiate an Emission Reductions Payment Agreement, worth up to US$63 million.
The Democratic Republic of Congo has the second largest area of rainforest in the world. Since 2002, a moratorium on new logging licences has been in place. The government is now threatening to re-open its forests to new logging concessions.
Cross River State in the southeast of Nigeria has 50% of Nigeria’s remaining forests. Cross River State is the pilot REDD state for Nigeria and the state is a member of the Governors’ Climate and Forests Task Force, set up by Arnold Schwarzenegger in 2008.
Next week sees the 13th meeting of the World Bank’s Carbon Fund, under its Forest Carbon Partnership Facility. Cameroon is one the countries that will be presenting its Emission Reductions Program Idea Note (ER-PIN).
Seleka is a alliance of rebel militia factions that formed in September 2012. In March 2013, Seleka staged a bloody coup and seized power in the Central African Republic. Michel Djotodia was installed as president.
Rishi Bastakoti is a PhD candidate in geography at the University of Calgary in Canada. He has worked as a policy practitioner in Nepal’s community forestry network for more then 10 years. From December 2013 to September 2014, Bastakoti was in Nepal, observing the REDD readiness process.