{"id":591,"date":"2023-06-13T13:05:48","date_gmt":"2023-06-13T07:35:48","guid":{"rendered":"https:\/\/lotusarise.com\/qna\/?p=591"},"modified":"2024-04-03T07:08:52","modified_gmt":"2024-04-03T01:38:52","slug":"q-with-reference-to-forest-carbon-partnership-facility-which-of-the-following-statements-is-are-correct","status":"publish","type":"post","link":"https:\/\/lotusarise.com\/qna\/upsc\/q-with-reference-to-forest-carbon-partnership-facility-which-of-the-following-statements-is-are-correct","title":{"rendered":"Q. With reference to \u2018Forest Carbon Partnership Facility\u2019, which of the following statements is\/are correct?"},"content":{"rendered":"\n
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  1. It is a global partnership of governments, businesses, civil society and indigenous peoples.<\/li>\n\n\n\n
  2. It provides financial aid<\/strong> to universities, individual scientists and institutions involved in scientific forestry research to develop eco-friendly and climate adaptation technologies for sustainable forest management.<\/li>\n\n\n\n
  3. It assists the countries in their \u2018REDD+ (Reducing Emissions from Deforestation and Forest Degradation+)\u2019 efforts by providing them with financial and technical assistance.<\/li>\n<\/ol>\n\n\n\n

    Select the correct answer using the code\u201d given below.<\/p>\n\n\n\n

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    • 1 only<\/li>\n\n\n\n
    • 2 and 3 only<\/li>\n\n\n\n
    • 1 and 3 only<\/strong><\/li>\n\n\n\n
    • 1, 2 and 3<\/li>\n<\/ul>\n\n\n\n
      \n

      Answer: (c) 1 and 3 only<\/strong><\/p>\n<\/blockquote>\n\n\n\n

      Forest Carbon Partnership Facility<\/strong><\/h6>\n\n\n\n
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      • The Forest Carbon Partnership Facility (FCPF) is a global partnership of governments, businesses, civil society, and indigenous people<\/strong> focused on reducing emissions from deforestation and forest degradation, <\/strong>conserving forest carbon stocks, promoting sustainable forest management, and enhancing forest carbon stocks in developing countries, also known as REDD+.<\/strong><\/li>\n\n\n\n
      • The FCPF was created in 2007 by the\u00a0World Bank and The Nature Conservancy <\/strong>as an initiative to assist countries in engaging with an emerging concept known as REDD+.\n
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        • It came into force in June 2008<\/strong>. <\/li>\n<\/ul>\n<\/li>\n\n\n\n
        • It complements REDD+ by creating awareness of its readiness and future systems. <\/strong><\/li>\n\n\n\n
        • Objectives<\/strong>\u00a0of the forest carbon partnership facilities are:\n
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          • To assist countries in their REDD+ efforts by providing them with essential\u00a0financial and technical assistance <\/strong>resulting in capacity building.\n
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            • Mozambique<\/strong> is the first country to receive payments from a World Bank trust fund to reduce emissions from deforestation and forest degradation, often known as REDD+.<\/strong><\/li>\n\n\n\n
            • Since 2019, Mozambique has received $6.4 million from the Forest Carbon Partnership Facility (FCPF<\/strong>) for decreasing 1.28 million tonnes of carbon emissions.<\/li>\n<\/ul>\n<\/li>\n\n\n\n
            • To pilot a performance-based payment system ensuring equitable benefit sharing. <\/strong><\/li>\n\n\n\n
            • Ways to sustain or enhance the livelihood of local communities and to conserve biodiversity. <\/strong><\/li>\n\n\n\n
            • To disseminate knowledge gained in the development of the facility <\/strong>and the implementation of readiness preparation proposals.<\/strong><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n\n\n
              FCPF Readiness Fund<\/h6>\n\n\n\n
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              • The FCPF Readiness Fund<\/strong> assists nations in laying the groundwork for REDD+ implementation.<\/strong><\/li>\n\n\n\n
              • Designing national REDD+ policies,<\/strong> generating reference emission levels, constructing measuring, reporting, and verification systems, and establishing national REDD+ <\/strong>management arrangements, including appropriate environmental and social protections, are all part of this.<\/li>\n\n\n\n
              • Current financing is worth $400 million<\/strong>.<\/li>\n\n\n\n
              • Its main activities include:\n
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                • Creating national REDD+ reference scenarios<\/li>\n\n\n\n
                • Adopting a national REDD+ strategy to reduce emissions, conserve biodiversity, and improve the livelihoods of Indigenous Peoples and other forest dwellers.<\/li>\n\n\n\n
                • Creating and implementing precise measurement, monitoring, and verification systems to allow for reporting on emissions from deforestation and forest degradation.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n\n\n
                  FCPF Carbon Fund<\/h6>\n\n\n\n
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                  • The FCPF Carbon Fund<\/strong> is experimenting with results-based payments to countries that have moved through REDD+ preparedness and implementation and achieved verified emission reductions in their forest and broader land-use sectors.<\/li>\n\n\n\n
                  • Its current funding stands at $900 million.<\/strong><\/li>\n\n\n\n
                  • Its main activities include:\n
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                    • Economic Policies and Regulations (taxation, subsidies, rural credit, certification, law enforcement)<\/li>\n\n\n\n
                    • Forest Policies and Regulations (taxation, subsidies, certification, concession regimes, securing land tenure and rights, forest law, governance, and enforcement, zoning, protected areas, and payments for environmental services (PES))<\/li>\n\n\n\n
                    • Forest Administration (forest fires, reduced impact logging, reforestation)<\/li>\n\n\n\n
                    • Development of Rural Areas (community development, rural electrification, community forestry).<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n\n