Contracting Emissions Reductions from Natural Climate Solutions: The Experience of the BioCarbon Fund in Contracting Emissions Reductions Purchase Agreements (ERPAs)

Publication:
Contracting Emissions Reductions from Natural Climate Solutions: The Experience of the BioCarbon Fund in Contracting Emissions Reductions Purchase Agreements (ERPAs)

dc.contributor.author	World Bank
dc.date.accessioned	2025-08-04T16:36:23Z
dc.date.available	2025-08-04T16:36:23Z
dc.date.issued	2025-08-04
dc.description.abstract	As the international community seeks to address climate change, it is widely understood that there is an enormous financing gap for climate mitigation and adaptation. Trillions of dollars are needed annually by 2030 to fund the climate transition, while roughly only 300 billion dollars is currently being committed. This resource shares the unique experience of the ISFL to date in contracting for these ER transactions for jurisdictional land use programs. While several other World Bank trust funds have designed and negotiated ERPAs, and the ISFL itself builds on the experience of the Forest Carbon Partnership Facility (FCPF), the similarities and differences between them are beyond the scope of this report. Using the example of the ISFL program, this resource explains how ERPAs are created, how quality and integrity are maintained, and what terms and conditions are negotiated and documented. It shares insights into what parties may need to consider when designing and preparing to negotiate an ERPA or similar agreement. While the focus is on principles and processes used in ISFL ERPAs, the content covered is relevant to any entity, both within and outside the World Bank, looking to engage in the purchase or sale of carbon credits from jurisdictional land use programs.	en
dc.identifier	https://openknowledge.worldbank.org/entities/publication/0989649e-1a2d-499f-ad99-c26210a70510
dc.identifier.doi	https://doi.org/10.1596/43539
dc.identifier.uri	https://hdl.handle.net/10986/43539
dc.language	English
dc.language.iso	en_US
dc.publisher	Washington, DC: World Bank
dc.rights	CC BY-NC 3.0 IGO
dc.rights.holder	World Bank
dc.rights.uri	https://creativecommons.org/licenses/by-nc/3.0/igo
dc.subject	CLIMATE ACTION
dc.subject	CLIMATE MITIGATION AND ADAPTATION
dc.subject	EMISSION REDUCTION PURCHASE AGREEMENTS (ERPA)
dc.subject	JURISDICTIONAL LAND USE PROGRAMS
dc.subject	FOREST CARBON PARTNERSHIP FACILITY (FCPF)
dc.title	Contracting Emissions Reductions from Natural Climate Solutions	en
dc.title.subtitle	The Experience of the BioCarbon Fund in Contracting Emissions Reductions Purchase Agreements (ERPAs)	en
dc.type	Report
dspace.entity.type	Publication
okr.date.disclosure	2025-08-04
okr.date.doiregistration	2025-08-06T02:11:13.077957Z
okr.date.lastmodified	2025-07-03T12:05:36Z	en
okr.doctype	Economic & Sector Work::Other Environmental Study
okr.doctype	Economic & Sector Work
okr.docurl	http://documents.worldbank.org/curated/en/099062725162541384
okr.guid	099062725162541384
okr.identifier.docmid	P180769-0d5ead36-71d3-47df-884b-8f8dc9fb3f27
okr.identifier.externaldocumentum	40026291
okr.identifier.internaldocumentum	40026291
okr.identifier.report	202696
okr.import.id	8133
okr.imported	true	en
okr.language.supported	en
okr.pdfurl	https://documents.worldbank.org/curated/en/099062725162541384/pdf/P180769-0d5ead36-71d3-47df-884b-8f8dc9fb3f27.pdf	en
okr.region.geographical	World
okr.sector	FY17 - Other Public Administration
okr.sector	Public Administration
okr.theme	FY17 - Gender,FY17 - Environmental policies and institutions,FY17 - Climate change,FY17 - Economic Growth and Planning,FY17 - Mitigation,FY17 - Green Growth,FY17 - Social Inclusion
okr.theme	FY17 - Social Development and Protection,FY17 - Environment and Natural Resource Management,FY17 - Economic Policy,FY17 - Human Development and Gender
okr.topic	Environment::Adaptation to Climate Change
okr.topic	Environment::Climate Change Mitigation and Green House Gases
okr.topic	Environment::Carbon Policy and Trading