‘BioCarbon Fund Initiative for Sustainable Forest Landscapes’ is managed by the
[UPSC Civil Services Exam – 2015 Prelims]
(a) Asian Development Bank
(b) International Monetary Fund
(c) United Nations Environment Programme
(d) World Bank
- The Initiative for Sustainable Forest Landscapes (ISFL) under the BioCarbon Fund is a multilateral fund that is backed by donor governments and administered by the World Bank.
- The primary objective of this initiative is to encourage the reduction of greenhouse gas emissions in the land sector, including deforestation, forest degradation, and unsustainable agricultural practices in developing countries.
- It aims to achieve this by supporting smarter land-use policies, planning, and practices, as well as the implementation of REDD+ (Reducing Emissions from Deforestation and Forest Degradation) programs.