Fantasia, an Algerian cavalcade

Abstract

This paper captures early observations by the World Bank Forests and Landscapes Climate Finance Funds in engaging the private sector, particularly multinational companies involved in global agricultural commodity supply chains, in the context of emission reductions programs to address land use change. 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 further shift private sector behavior toward sustainable business models.Relationship building can take time; governments need to better understand the role and implementation capacity of the private sector, and the private sector needs to understand the benefits of a government-led REDD+ and/or...