Note: The Carbon Fund of the Forest Carbon Partnership Facility of the World Bank is one of the two selected standards under the Commodities/Jurisdictions Approach.
In an evaluation of opportunities to increase the engagement of the private sector in the Carbon Fund, the Facility Management Team pointed out the collaboration with Commodities/Jurisdictions Approach initiative. The evaluation noted that as more countries enter advanced stages of program development in the Carbon Fund, and therefore become eligible under CJA, there will be increasing opportunities to concretely connect sourcing opportunities in qualified jurisdictions with committed companies.
The FMT can play a key role in this process by working in collaboration with CJA working group in the initiative to develop a “pathway to sustainable sourcing partnership” between eligible jurisdictions in the Carbon Fund and participating companies. This focus towards agreements of sourcing partnerships will produce many lessons and highlight approaches for increasing preferential sourcing opportunities for REDD+ jurisdictions that are advancing programmes to reduce deforestation.
To learn more, see the full evaluation on the FCPF Carbon Fund website.
Photo attribution: © Greg Armfield / WWF-UK