Question 10 from UPSC CSE 2015 - Current Affairs

Question

BioCarbon Fund Initiative for Sustainable Forest Landscapes is managed by the

IASCODEX · Accepted Answer

Correct Option: D. World Bank

Strategy: Focus on the organizational association—terms like 'Fund Initiative' and 'Sustainable Forest Landscapes' often tie to large-scale, multilateral, development-focused agencies. Both ADB and IMF are unlikely, as their mandates do not involve forest or carbon finance directly. UNEP may be plausible, but the World Bank has a known track record of global carbon and sustainable landscapes initiatives. Factual recall confirms that the BioCarbon Fund, including its arm for Sustainable Forest Landscapes, is managed by the World Bank.

Key Info: The BioCarbon Fund Initiative for Sustainable Forest Landscapes (ISFL) is a multilateral fund managed by the World Bank. It aims to promote environmentally sustainable, climate-resilient, and economically viable forest and land management practices, primarily in developing countries.

**Key activities and focus:**
- Supports large-scale initiatives for reducing emissions from deforestation and forest degradation (REDD+).
- Promotes sustainable agriculture and reforestation.
- Provides results-based climate finance.
- Focuses on jurisdictional approaches that engage both the public and private sectors.

The World Bank plays a central role in global carbon finance and operates multiple trust funds addressing climate change, sustainable land use, and forestry.

**Other organizations:**
- **Asian Development Bank (ADB):** Principally works in the Asia-Pacific region, focusing on economic and social development, but does not manage this fund.
- **International Monetary Fund (IMF):** Dedicated to macroeconomic and fiscal stability and does not run environmental finance programs.
- **United Nations Environment Programme (UNEP):** Coordinates global environmental activities but is not the manager of the BioCarbon Fund.

The Fund's jurisdictional and results-based methodologies for climate finance are part of the World Bank's broader suite of climate change mitigation instruments.

IASCODEX · Answer

Option A: Asian Development Bank

IASCODEX · Answer

Option B: International Monetary Fund

IASCODEX · Answer

Option C: United Nations Environment Programme