14 May 2014
In April 2014, the Democratic Republic of Congo (DRC) has submitted an Emissions Reductions Program Idea Note (ER-PIN) for the Mai-Ndombe Province to the Forest Carbon Partnership Facility (FCPF). The FCPF comprises two funds, the Readiness Mechanism and the Carbon Finance Mechanism through which the FCPF will pilot incentive payments for REDD policies and measures in eight or nine developing countries.
FCPF accepted the Congolese ER-PIN during its 9th Carbon Fund meeting. Hence the proposal joins Costa Rica in the pipeline of countries which are shortlisted for performance based payments by the Carbon Fund based on emission reductions. DRC’s program envisages a total of 60 million US dollars in emissions reductions payments up to 2020. The program area covers approximately 9.85 million hectares of forested land and will be the first jurisdictional-scale REDD+ program in Africa. It is also the largest REDD+ program proposed to FCPF so far.
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