With reference to ‘Forest Carbon Partnership Facility’, which of the following statements is/ are correct?
- It is a global partnership of governments, businesses, civil society and indigenous peoples.
- It provides financial aid to universities, individual scientists and institutions involved in scientific forestry research to develop eco-friendly and climate adaptation technologies for sustainable forest management.
- It assists the countries in their ‘REDD+ (Reducing Emissions from Deforestation and Forest Degradation)’ efforts by providing them with financial and technical assistance.
Select the correct answer using the code given below:
- 1 only
- 2 and 3 only
- 1 and 3 only
- 1, 2 and 3
Explanation
Statement 1 is correct
- It is a global partnership of governments, businesses, civil society, and Indigenous Peoples focused on reducing emissions from activities commonly referred to as REDD+.
- The World Bank assumes the functions of trustee and secretariat. The World Bank, the Inter-American Development Bank and UNDP are delivery partners under the Readiness Fund and are responsible for providing REDD+ readiness support.
Statement 2 is incorrect
- FCPF is designed to support developing countries in implementing REDD initiatives, rather than funding individual scientific research projects.
Statement 3 is correct
- Objectives:
- To assist countries in their REDD+ efforts by providing them with financial and technical assistance.
- To pilot a performance-based payment system for REDD+.
- To test ways to sustain or enhance the livelihoods of local communities and to conserve biodiversity.
- To disseminate broadly the knowledge gained in Emission Reductions Programs (ERPs).
