The Forest Carbon Partnership Facility (FCPF) aims to mobilise investment in the reduction of emissions from deforestation and forest degradation; forest carbon conservation; sustainable forest management; and the enhancement of forest carbon stocks in developing countries, i.e. REDD+ activities. The FCPF works with 47 countries across Africa, Asia and Latin America to:
1. Support the design of REDD+ strategies; develop baseline emission levels; and measuring, reporting and verification systems through the FCPF Readiness Fund. Current funding from donors is $400 million
2. Deliver results-based payments through the FCPF Carbon Fund to countries that have implemented REDD+ strategies and have achieved verified emissions reductions (VERs) from forest and land use. Current funding from donors is $900 million. Private investors are also participating in one tranche of the fund and have committed to buying each VER at a floor price of $5 per unit. The fund is yet to generate VERs.