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World Bank REDD+ forest carbon fund gets $180m injection

2013-01-12 00:37:00| Climate Ark Climate Change & Global Warming Newsfeed

Mongabay: The World Bank's forest carbon fund got a $180 million injection from Finland, Germany and Norway, reports Point Carbon. The bank's Forest Carbon Partnership Facility (FCPF), which is providing funding to develop and implement Reducing Emissions from Deforestation and Degradation (REDD+) projects in three dozen tropical countries, now had $650 in its coffers. According to the World Bank, the FCPF consists of two funds: The Readiness Fund (about US$260 million) currently provides grant financing...

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