Question 23 from UPSC CSE 2015 - Current Affairs

Question

With reference to 'Forest Carbon Partnership Facility', which of the following statements is/are correct?
1. It is a global partnership of governments, businesses, civil society, and indigenous peoples.
2. It provides financial aid to universities, individual scientists, and institutions involved in scientific forestry research to develop eco-friendly and climate adaptation technologies for sustainable forest management.
3. It assists countries in their 'REDD+ (Reducing Emissions from Deforestation +)' efforts by providing them financial and technical assistance.

IASCODEX · Accepted Answer

Correct Option: C. 1 and 3 only

Strategy: Analyze each statement about the Forest Carbon Partnership Facility against its known functions and structure to determine its accuracy.

Key Info: **Forest Carbon Partnership Facility (FCPF)**

The FCPF is a global partnership administered by the World Bank, launched in 2008. It unites governments, private sector entities, civil society, and indigenous peoples to advance REDD+ in developing countries.

**Core Functions and Structure**

- **Primary Purpose:** To advance REDD+ (Reducing Emissions from Deforestation and forest Degradation), which includes conservation, sustainable management, and enhancement of forest carbon stocks.
- **Key Funds:**
  - **Readiness Fund:** Helps countries develop the necessary systems and strategies for REDD+ implementation.
  - **Carbon Fund:** Pilots performance-based payments for verified emission reductions.
- **Assistance Provided:** The facility offers financial and technical aid to countries to build institutional capacity and implement emission reduction programs.
- **Limitations:** FCPF does not directly provide grants to universities, individual scientists, or research institutions for scientific forestry research.

**Strategic Mandate**

The FCPF's mandate encompasses knowledge sharing, capacity-building, and piloting results-based finance in the land-use and forestry sector. Major outcomes include supporting country-level REDD+ readiness and testing benefit-sharing mechanisms.

IASCODEX · Answer

Option A: 1 only

IASCODEX · Answer

Option B: 2 and 3 only

IASCODEX · Answer

Option D: 1, 2, and 3