World Bank BioCarbon Plus Fund

Canada’s fast-start financing provided to the World Bank BioCarbonplus Fund supports capacity building and technical assistance to BioCarbonplus Fund projects on forests and agriculture. Specifically BioCarbonplus activities seek to build capacity to facilitate and develop projects that contribute to reduced greenhouse gas emissions improved quality of life for local communities and strengthened poverty alleviation efforts.

The expected results of the BioCarbon Fund include helped mitigate climate and promoted sustainable development by providing additional stable employment new sources of revenue from the sale of carbon credits the acquisition of new knowledge and techniques and improved agricultural yields. The BioCarbon fund also improved local environment conditions and increased knowledge related to carbon methodologies.