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World Bank Approves Rules Unlocking $390 Million For Forest Conservation

2013-12-10 09:51:00| Climate Ark Climate Change & Global Warming Newsfeed

Ecosystem Marketplace: Less than a month after the United Nations Framework Convention on Climate Change (UNFCCC) approved the seven decisions that comprise the REDD Rulebook, the World Banks Forest Carbon Partnership Facility (FCPF) today signed off on a new Methodological Framework for its Carbon Fund. Finalized during a meeting of Carbon Fund Participants in Paris, the new framework unshackles nearly $390 million already committed to REDD+ pilot programs in the developing world, and it could pave the way for millions...

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