The document discusses REDD (Reducing Emissions from Deforestation and Forest Degradation) and provides information about the Forest Carbon Partnership Facility (FCPF). The FCPF is a global partnership that aims to pilot REDD readiness and carbon finance activities. It has two mechanisms - a Readiness Fund to help countries prepare national REDD strategies, and a Carbon Fund to pay countries for verified emission reductions. The FCPF has 37 participating countries and works closely with other REDD partners like the UN-REDD Programme to help operationalize REDD.

1. Forest Carbon Partnership Facility August 28, 2009 Update

2. 1. General Presentation on REDD

4. Following traditional development paths, most countries lose most of their native forests North Amazon Basin South Amazon Basin Europe North America North East Asia South Asia Time National forest cover Atlantic forest South East Asia Oceania West Africa Source: Zarin, 2009 Forest Transition Curve Congo Basin

5. REDD can form a bridge on forest transition curve National forest cover Time REDD bridge Source: Zarin, 2009 Forest transition path

9. 2. The Forest Carbon Partnership Facility (FCPF)

10. FCPF = A Partnership to Make REDD Happen

11. Two Mechanisms Readiness Mechanism READINESS FUND Capacity Building (2008-2012) Carbon Finance Mechanism CARBON FUND Payments for Emission Reductions (2010-?) Target ~$185 million Available $110 million Target ~$200 million Available $51 million

13. 37 REDD Country Participants Selected

16. Carbon Funds $2.3 billion* Climate Investment Funds ~ $6 billion BioCarbon Fund (BioCF) $90 million Forest Carbon Partnership Facility (FCPF) Target= $385 million** Forest Invesment Program (FIP) Target= $500 million? * $2.6 billion if FCPF is included ** $185 m Readiness Fund + $200 m Carbon Fund. Only Readiness Fund operational ($107 million) Growing Forests Partnership (GFP) $15 million Forests and Climate Change: World Bank-Managed Instruments

20. Launched Indigenous Peoples Capacity Building Program