BioCarbon Fund Initiative for Sustainable Forest Landscapes’ is managed by the
World Bank – The BioCarbon Fund Initiative for Sustainable Forest Landscapes (BioCF ISFL or ISFL) is a new multilateral facility, supported by donor governments and managed by the World Bank that promoted and rewards reduced greenhouse gas emissions from the land sector, including REDD+(Reducing Emissions from Deforestation and forest Degradation), more sustainable agriculture, as well as smarter land use planning and policies.
The BioCF ISFL will provide the following types of financing to countries:
(a) Technical assistance and grant funding to support countries with the implementation of their REDD+ strategies and the creation of enabling environments that change the way land-use decisions are made. Grants will be disbursed through the BioCarbon Fund’s associated technical assistance facility, BioCF plus, based on performance milestones.
(b) Results-based financing (a.k.a., payment for performance) based on achieved emission reductions. The main metric for result-based payments will be carbon emission reductions, but other economic, environmental and social indicators will be monitored. Carbon payments (including some upfront milestone payments) will be made through the BioCarbon Fund.
After the creation of BioCarbon in 2004, it has allocated resources to projects that transform landscapes and directly benefit poor farmers.