Insights and Experiences from the BioCarbon Fund Emission Reductions Projects in the Land-Use Sector : An Overview
Housed within the climate funds management unit (SCCFM) of the climate change group (CCG) in the World Bank, the biocarbon fund (BioCF), a public-private initiative, has pioneered results-based payments for emission reductions (ERs) from the land-u...
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| Format: | Report |
| Language: | English |
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World Bank, Washington, DC
2020
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| Online Access: | http://documents.worldbank.org/curated/en/791301600843482639/Insights-and-Experiences-from-the-BioCarbon-Fund-Emission-Reductions-Projects-in-the-Land-Use-Sector-An-Overview http://hdl.handle.net/10986/34499 |
| Summary: | Housed within the climate funds
management unit (SCCFM) of the climate change group (CCG) in
the World Bank, the biocarbon fund (BioCF), a public-private
initiative, has pioneered results-based payments for
emission reductions (ERs) from the land-use sector. The
challenges can be daunting: dedicated and continuous
engagement by stakeholders, and adequate financial and
technical capacity are essential in order to ensure that
project objectives are met, and benefits can be realized.
This report, therefore, looks back at the 10 to 15 years of
implementation of BioCF projects, and their groundbreaking
experience under both the compliance (CDM) and voluntary
(VCS) standards. Among these projects are concrete,
real-world examples of both the successes and challenges
faced in monitoring, reporting, verification (MRV), and
communicating project objectives and results to
stakeholders, and distributing benefits. This report is
based on a desk review of project documents (including
monitoring and verification reports available on the CDM and
VCS project pages); World Bank project documents; interviews
with World Bank staff involved in the preparation and
supervision of the projects, and BioCF administration; and
some of the implementing agencies or project entity (PEs).
This analysis includes examination of the issues that have
impacted BioCF projects throughout the project life cycle.
The relationship of how these various issues have impacted
implementation and ER delivery. The lessons learned and
collected in this study have helped to identify a wide range
of issues and challenges, as well as good practices on
various aspects of ER operations, which can lead to either
the success or failure of these initiatives. |
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