‘BioCarbon Fund Initiative for Sustainable Forest Landscapes’ is managed by the

1. Asian Development Bank
2. International Monetary Fund
3. United Nations Environment Programme
4. World Bank

Explanation

Option (d) is correct

• BioCarbon Fund Initiative for Sustainable Forest Landscapes (ISFL) is a multilateral fund supported by donor governments and managed by the World Bank. It seeks to promote reduced GHG emissions from the land sector, from deforestation and forest degradation in developing countries (REDD+), and sustainable agriculture, as well as smarter landuse planning, policies, etc.
• It promotes reducing GHG emission from the land sector, including efforts to reduce deforestation and forest degradation in developing countries (REDD+), sustainable agriculture, as well as smarter land-use planning, policies and practices.

Answer: (d) World Bank; Difficulty Level: Hard