BioCarbon Fund Initiative
The 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 greenhouse gas emissions from the land sector, from deforestation and forest degradation in developing countries (REDD+), and from sustainable agriculture, as well as smarter land-use planning, policies and practices.
Norway, the United Kingdom, and the United States together committed $280 million - up to $135 million from Norway, $120 million from the U.K, and $25 million from the U.S. - as part of their efforts to slow climate change.
The initiative will be managed by the BioCarbon Fund, a public-private program housed within the World Bank that mobilizes finance for activities that sequester or conserve carbon emissions in forest and agricultural systems.
The new Initiative for Sustainable Forest Landscapes seeks to scale up land-management practices across large landscapes, including improved livestock management, climate-smart agriculture, and sustainable forest management, with a focus on protecting forests and greening and securing supply chains.
It will engage a broader range of actors, including the private sector, initially through a portfolio of four to six programs in Africa, Asia, and Latin America.