With reference to ‘Forest Carbon Partnership Facility’, which of the following statements is/are correct?
1. It is a global partnership of governments, businesses, civil society and indigenous peoples.
2. It provides financial aid to universities, individual scientists and institutions involved in
scientific forestry research to develop eco-friendly and climate adaptation technologies for sustainable forest management.
3. It assists the countries in their ‘REDD+ (Reducing Emissions from Deforestation and Forest Degradation+)’ efforts by providing them with financial and technical assistance.
Select the correct answer using the code given below.
Explanation:
The Forest Carbon Partnership Facility (FCPF) is a World Bank programme and consists of a Readiness Fund and a Carbon Fund. The FCPF was created to assist developing countries to reduce emissions from deforestation and forest degradation, enhance and conserve forest carbon stocks, and sustainably manage forests (REDD+).
The Forest Carbon Partnership Facility assists developing countries in their efforts to reduce emissions from deforestation and forest degradation and foster conservation, sustainable management of forests, and enhancement of forest carbon stocks (all activities commonly referred to as “REDD+”) by providing value to standing forests.
So, statement 2 is false as it does not provide funds to universities, individuals or institutes.
