World Bank Carbon Fund undermines effective action to halt forest loss

This joint NGO letter to the World Bank's Forest Carbon Partnership Facility raises concerns that the bank is undermining its own objectives. It explains that although the stated purpose of the FCPF Readiness Fund is to address the governance and institutional issues which impede successful implementation of policies to reduce deforestation, and build capacity for participation in a ‘performance based’ implementation phase, to be defined in on-going UNFCCC negotiations on REDD+, the actual development and implementation of the readiness process is being truncated and minimised by the pressures of the Carbon Fund.