Q. Consider the following statements about Forest Carbon Partnership Facility:
- It helps the developing countries in their REDD+ efforts by providing them with financial and technical assistance
- It is an initiative by the World Bank
Which of the above statements is/are correct?
Answer:
Both 1 & 2
Notes: Both of the statements are correct:
- Forest Carbon Partnership Facility (FCPF) helps the developing countries in their REDD+ efforts by providing them with financial and technical assistance: This statement is correct. The Forest Carbon Partnership Facility (FCPF) is a global partnership established by the World Bank to assist developing countries in their efforts to reduce emissions from deforestation and forest degradation (REDD+). It provides financial and technical support to these countries to help them implement REDD+ programs and initiatives aimed at conserving forests and mitigating climate change.
- Forest Carbon Partnership Facility (FCPF) is an initiative by the World Bank: This statement is also correct. The FCPF is administered by the World Bank and operates as a partnership between governments, civil society organizations, and the private sector to address climate change through forest conservation and sustainable forest management.
In summary, both statements accurately describe the Forest Carbon Partnership Facility (FCPF) as an initiative by the World Bank that provides financial and technical assistance to developing countries for their REDD+ efforts.