Farmer consultation in Zambia.

The BioCarbon Fund Initiative for Sustainable Forest Landscapes was established in 2013. The Initiative is supported by Germany, the Kingdom of Norway, Switzerland, the United Kingdom (Department for Business, Energy and Industrial Strategy and Department for Environment, Food and Rural Affairs) and the United States. It has $360 million in fund capital.

The ISFL provides countries …

Upfront Finance (BioCFplus) ($134m) Results-based Finance (BioCF T3) ($226m)
  • Supports countries to make improvements to their enabling environment for sustainable land use.
  • Payments give countries incentives to shift to a sustainable development trajectory in each jurisdiction.
  • Supports piloting of activities and key partnerships, including engagements with the private sector.
  • Payments can be used to sustain successful interventions to sustainable land use in each jurisdiction.
  • Provides countries with resources to develop systems for monitoring, reporting, and verifying reductions in GHG emissions to prepare jurisdictions for payments.

The BioCFplus has been designed specifically to support the vision of the ISFL, which requires several innovative elements to meet the demand on the ground in ISFL countries. First, the fund supports technical assistance and capacity-building efforts in each jurisdiction and can provide some critical investment finance to test sustainable land use approaches. This combination of finance from one source gives countries the flexibility to design their programs in an integrated way and identify the most effective approaches for land management. In addition, the BioCFplus can directly finance advisory service (technical assistance) projects through the International Finance Corporation (IFC). This direct funding link with the IFC is groundbreaking for the WBG and aligns goals and visions more closely. IFC advisory service projects can attract private sector interest in ISFL jurisdictions and benefit farmers and other private sector actors directly.

The BioCFplus gives ISFL donors the flexibility to align their efforts to each ISFL program country more closely and create a framework for collaboration on sustainable land use. In order to achieve success in each ISFL program, countries will require several tools and approaches and the flexibility to combine these to suit a country’s specific context. The design of the BioCFplus, a true pioneer for the WBG and carbon and land use funds—in combination with the results-based finance from BioCF ISFL— provides this flexibility.


Photo credit: Katie O'Gara, Zambia