BIOCARBON FUND

The BioCarbon Fund is a public-private sector initiative managed by the World Bank and supports projects that generate multiple revenue streams. It combines financial returns from the sale of emission reductions (i.e., carbon credits) which increase local incomes and prodivde other indirect benefits from sustainable land management practices. Generating multiple revenue streams is crucial to rural communities that otherwise have limited sources of income... The first two tranches of the BioCarbon Fund were established in 2004 and 2007 respectively with a total commitment of US$90 million. Both the tranches are now closed to new fund participation. There are over 20 projects registered with the Fund either as UNFCCC Clean Development Mechanism projects or Verified Carbon Standard (VCS) projects. Carbon emission reduction credits certified by CDM are used by the Fund Participants (Investors) for compliance purposes under the Kyoto Protocol whereas credits certified by VCS are used for..

Also known as: The BioCarbon Fund