Financing opportunities

BioCarbon Fund

Categories

Adaptation, Mitigation

Objectives:

Provides carbon finance for projects that sequester or conserve greenhouse gases in forests, agro- and other ecosystems. Aims to deliver cost-effective emission reductions, while promoting biodiversity conservation and poverty alleviation.

Subcategory:

REDD+; Forestry; Land management; LULUCF; Afforestation: Reforestation.

Eligible organisations:

Public and private entities

Eligible Projects or Programmes:

Projects that sequester or conserve greenhouse gases in forests, agro- and other ecosystems.

Proposal/Application requirements:

Description of project proponent. b) Type of project. c) Location of project. d) Expected schedule. e) Financing sought. f) Technical summary of project. g) Expected environmental benefits.

Proposal evaluation criteria:

No information

How to Apply:

1. Submit a project idea note. PIN reviewed by CF Unit of World Bank. If PIN is acceptable, sponsor notified with request to prepare Project concept note.

2. If PCN agreed by FMC (and Participants Committee if required), letter of intent is offered; further work is authorized.

3. Project Design Document prepared (a.  Determine whether existing methodology is applicable b. may require baseline study).

4. Bank region begins technical, financial, environmental and social due diligence.

5. CF Unit prepares term sheets and draft ERPA.

6. Project Due Diligence is completed and World Bank internal approvals are secured.

Funding limit for individual projects:

No information

Additional information:

BioCF Document library

Activities supported:

Projects