Norway grants USD 50 million to forest carbon fund

The Norwegian government has committed USD 50 million towards the newly launched Carbon Fund of the Forest Carbon Partnership Facility (FCPF). The agreement was signed by Norwegian Minister of the Environment and Development Cooperation, Mr. Erik Solheim and the World Bank’s Special Envoy for Climate Change Mr. Andrew Steer, in conjunction with the meeting of the governing board of the FCPF taking place in Oslo this week.