ABSTRACT
Established in 2004, the BioCarbon Fund supports projects that sequester or conserve greenhouse gases (GHGs) in forests, agricultural and other ecosystems, mainly in developing countries. It is one of two carbon funds at the World Bank dedicated to land use (the other is the Forest Carbon Partnership Facility dedicated to large-scale Reducing Emissions from Deforestation and forest Degradation (REDD+)); 10 remaining carbon funds and facilities do not deal with land issues. The Fund purchases carbon credits resulting from net reductions in GHG emission. The reductions are additional, i.e., would not have happened anyway relative to a baseline scenario, and, to the extent possible, produce environmental and social benefits. In addition, the Fund supports the development of the carbon market, with the elaboration of carbon accounting methodologies, tools to help project developers access the market and information dissemination.
