Forest Carbon Partnership Facility (FCPF) Carbon Fund - Tenth Meeting (C10) - Chair’s Summary

 

...CFPs provisionally selected the ER-PIN from the Republic of Congo into the pipeline of the CF, and provisionally allocated up to $650,000 for development of an ER-PD. The inclusion and allocation are subject to a condition specified in the respective resolution...

 

Bonn, Germany, June 16-19, 2014

 

An Extract from Chair's Summary

 

Dear Carbon Fund Participants and Observers,

I would like to thank Carbon Fund Participants (CFPs), delegations from REDD Country Participants, and Observers from REDD Country Participants, Indigenous Peoples’ organizations, non-governmental organizations, the private sector, the IDB and UNFCCC, who took part in the tenth meeting of the FCPF Carbon Fund (CF10) on June 16-19, 2014 in Bonn, Germany. Please find below the main conclusions from the meeting. All background materials, presentations, resolutions and this summary are available on the FCPF website at :

 https://www.forestcarbonpartnership.org/CF10.

 

Setting the stage for ER-PIN Reviews

 

The Facility Management Team (FMT) recalled the two decision points for selecting ER programs into the Carbon Fund:

i) Selection into the pipeline of the Carbon Fund based on an Emission Reductions Program Idea Note (ER-PIN) (concept stage). This leads to the signing of a Letter of Intent (LoI) that confirms the Carbon Fund and Country’s intention to proceed with development of the program;

ii) Selection into the portfolio of the Carbon Fund based on the Emission Reductions Program Document (ER-PD) (full proposal). This leads to the signing of an Emission Reductions Payment Agreement (ERPA) which is a contract to pay for ERs generated by the program.

A key task at CF10 was to review ER-PINs for potential selection into the Carbon Fund pipeline. This was in addition to those that were previously selected into the pipeline: Costa Rica at CF6 in March 2013, and the Democratic Republic of Congo, Ghana, Mexico, and Nepal at CF9 in April 2014.

 

ER-PIN Presentation and Review

 

Chile, Peru, the Republic of Congo (ROC), and Vietnam presented their ER-PINs, for potential selection into the Carbon Fund pipeline.

CFPs selected ER-PINs from Chile and Vietnam into the pipeline of the CF, allocated up to $650,000 for development of an ER-PD, and authorized the Trustee to negotiate an LOI.

CFPs provisionally selected the ER-PIN from the Republic of Congo into the pipeline of the CF, and provisionally allocated up to $650,000 for development of an ER-PD. The inclusion and allocation are subject to a condition specified in the respective resolution.

CFPs identified key issues for Chile, the Republic of Congo, and Vietnam to take into consideration during the development of their program ideas into full ER-PDs, which are captured below and will be attached to the LOI that is signed with each Country.

 

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