Mozambique has become the first country in the world to receive a payment from the Forest Carbon Partnership Facility (FCPF) for reducing carbon emissions, Report informs referring to the Club of Mozambique.
The Forest Carbon Partnership Facility, which is a World Bank trust fund, paid the country $6.4 million for reducing carbon emissions by 1.28 million tons since 2019.
Mozambique received the payment after submitting an official monitoring report confirming the emission reductions along with an independent third-party verification which was carried out between September 2020 and May 2021.
For the World Bank, “the payment is an acknowledgment of Mozambique’s contribution to the implementation of emission reduction activities, such as adopting sustainable agriculture practices, monitoring use of forest resources or restoring degraded land.”