What

The BioCarbon Fund - Initiative for Sustainable Forest Landscapes (ISFL) is a multilateral fund, supported by donor governments and managed by the World Bank. It promotes reducing greenhouse gas emissions from the land sector, including efforts to reduce deforestation and forest degradation in developing countries (REDD+), sustainable agriculture and smarter land-use planning, policies and practices.

The ISFL currently supports programmes in Colombia, Ethiopia, Indonesia, Mexico and Zambia. These large-scale programmes are pioneering work that enables countries and the private sector to adopt changes in the way farmers work on the ground, as well as informing policies made at the international level.

How

The ISFL has two key funding instruments, the BioCFplus and BioCF Tranche 3, which have been designed specifically to realise the vision of the ISFL.

• BioCFplus supports grant-based technical assistance activities and capacity-building efforts in each jurisdiction. It provides the critical investment finance needed to establish an enabling environment for sustainable land use and develop systems for monitoring, reporting and verifying greenhouse gas (GHG) emission reductions. In addition, BioCFplus directly finances advisory service projects aimed at attracting private sector interest in ISFL jurisdictions, which can benefit farmers and other private sector actors.
• BioCF Tranche 3 (T3) provides results-based payments for verified reductions in GHG emissions through an Emission Reductions Purchase Agreement (ERPA). The BioCFplus in combination with results-based finance from BioCF T3 allows ISFL programmes to use tools and approaches tailored to a country’s specific context.

Technical Assistance

BioCFplus supports grant-based technical assistance activities and capacity-building efforts in each jurisdiction. It provides the critical investment finance needed to establish an enabling environment for sustainable land use and develop systems for monitoring, reporting, and verifying greenhouse gas (GHG) emission reductions. In addition, BioCFplus directly finances advisory service projects aimed at attracting private sector interest in ISFL jurisdictions, which can benefit farmers and other private sector actors.