With reference to ‘Forest Carbon Partnership Facility’, which of the following statements is/are correct?

1. It is global partnership of governments, businesses, civil society and indigenous peoples

2. It provides financial aid to universities, individual scientists and institutions involved in scientific forestry research to develop eco-friendly and climate adaptation technologies for sustainable forest management

3. It assists the countries in their ‘REDD+ (Reducing Emission from Deforestation and Forest Degradation+)’ efforts by providing them with financial and technical assistance.

Select the correct Answer using the code given below:

The correct option is 1 and 3 only.

Let us analyze each statement step-by-step to understand why this option is correct:

Analysis of Statement 1:
The Forest Carbon Partnership Facility (FCPF) is indeed a global partnership of governments, businesses, civil society, and indigenous peoples. It is a global program managed by the World Bank. Therefore, Statement 1 is correct.

Analysis of Statement 2:
The primary objective of the FCPF is to assist developing countries in their efforts to reduce emissions from deforestation and forest degradation, conserve forest carbon stocks, sustainably manage forests, and enhance forest carbon stocks (REDD+). It does not have a mandate to provide financial aid to universities, individual scientists, or academic institutions for general scientific forestry research. Therefore, Statement 2 is incorrect.

Analysis of Statement 3:
The FCPF assists countries in their REDD+ efforts by providing them with financial and technical assistance to build capacity (known as the Readiness Fund) and by testing a system of performance-based payments (known as the Carbon Fund). Therefore, Statement 3 is correct.

Since statements 1 and 3 are correct, and statement 2 is incorrect, the correct combination is 1 and 3 only.