Forest Carbon Partnership Facility 2024 Annual Report

In October 2024, The Forest Carbon Partnership Facility (FCPF) reported a record year – it paid the most it ever has in a single year. It made a record $111.3 million in emission reductions payments which take the fund’s total payments (including those made in previous years) to $164.5 million. It reported that FCPF participant countries are now generating about 20 million excess emission reductions. It argues that these could be monetised in carbon markets but that only about 5 million emission reductions have so far been independently verified.