Explanation: Biocarbon Fund:

• Administered by the World Bank
• Area of focus – Adaptation, Mitigation – general, Mitigation – REDD
• Date operational – 2004

The BioCarbon Fund Initiative for Sustainable Forest Landscapes supports developing countries’ efforts to reduce emission through testing jurisdictional approaches that integrate reducing deforestation and degradation, sustainable forest management with the climate smart agricultural practices to green supply chains.

Source: SHANKAR IAS Environment