More and more countries across the developing world are launching large-scale, climate-smart initiatives to transform the way local communities derive their livelihoods from forests and broader land use. A key component to the success of these programs is engaging the private sector to shift behavior toward sustainable business models.
The World Bank Group’s Forest Carbon Partnership Facility (FCPF) and the BioCarbon Fund Initiative for Sustainable Forest Landscapes (ISFL) have spent years working with private sector companies that produce, trade or buy commodities that play a role in driving deforestation or forest degradation. These funds have gained valuable insights into what has worked, and what more is required to bring about land use change in partnership with the private sector. Early lessons are captured in a new report entitled, Engaging the Private Sector in Results-Based Landscape Programs.
On the eve of the report’s launch, I caught up to Elly Baroudy, who coordinates both the FCPF and the ISFL, and Karin Kaechele, who acts as the point person for both funds Whain Mozambique and Ethiopia.
In this episode, we discuss the origin of these two critical funds and explore the role they can play in supporting sustainable agriculture in the years ahead.