Previous Year Question
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 codes given below.
Only 1
2 and 3
1 and 3
1, 2 and 3
Correct Answer: C
Detailed Solution
The Forest Carbon Partnership Facility (FCPF) is a global partnership concerning forests, climate change and REDD+.
It became operational in 2008, and the World Bank serves as its trustee and delivery partner.
It includes forest-rich developing countries, donor governments, businesses, civil-society organizations and representatives of indigenous peoples. Therefore, Statement 1 is correct.
Its principal objective is to prepare developing countries to reduce emissions from deforestation and forest degradation.
The FCPF is not a research-funding institution that provides grants to universities and individual scientists for general scientific forestry research. Therefore, Statement 2 is not correct.
Instead of eco-friendly technology research, it mainly focuses on national REDD+ frameworks and results-based emission reductions.
REDD means ‘Reducing Emissions from Deforestation and Forest Degradation’.
REDD+ also includes the conservation of forest carbon stocks, sustainable management of forests and enhancement of forest carbon stocks.
The FCPF provides countries with financial and technical assistance to develop national REDD+ strategies and the required institutional capacity. Therefore, Statement 3 is correct.
It assists in developing forest reference emission levels, forest-monitoring systems and measurement, reporting and verification frameworks.
The FCPF framework has had two major components: the Readiness Fund and the Carbon Fund.
The Readiness Fund assisted countries in preparing for REDD+.
The Carbon Fund promoted results-based payments for verified emission reductions.
Participation of local and indigenous communities, protection of rights and equitable benefit-sharing are necessary for effective REDD+ implementation.