BIOCARBON PARTNERS LTD. (FMO-56002)

Countries
  • Zambia
Where the impacts of the investment may be experienced.
Financial Institutions
  • Netherlands Development Finance Company (FMO)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Bank Risk Rating
B
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Borrower
BioCarbon Partners Ltd
The holder of the loan, grant, or other investment.
Sectors
  • Energy
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Grant
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 0.25 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Loan Amount (USD)
$ 0.25 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Grant Amount (USD)
$ 0.25 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Primary Source

Original disclosure @ FMO website

Updated in EWS Jul 26, 2019

Disclosed by Bank Jul 9, 2019


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Project Description

The Convertible Grant will be used to undertake studies to demonstrate the feasibility of REDD+ projects in Zambia. It will help lay a good foundation for future projects in the sector and the region.

The Convertible Grant will be beneficial on two fronts.

  1. Determine/ensure the robustness of the Project and analyze viability of REDD+ as an investment opportunity to mitigate climate change and avoid CO2e emissions. 
  2. Allow FMO to improve its sector knowledge of community-based forest conservation.
Investment Description
  • Netherlands Development Finance Company (FMO)
Private Actors

BioCarbon Partners Ltd focusses on forest conservation through the implementation of REDD+ projects in Zambia. REDD+ projects are considered a promising climate change mitigation strategy to avoid the deforestation of millions of hectares by providing economic incentives for ecosystem services. BioCarbon Partners uses the economic benefits from the sale of Carbon Credits (VER's) to facilitate forest conservation through community development initiatives and specialised teams and structures.

Contact Information

*Contact information not provided at the time of disclosure*

ACCOUNTABILITY MECHANISM OF FMO

Communities who believe they will be negatively affected by a project funded by the Dutch Development Bank (FMO) may be able to file a complaint with the Independent Complaints Mechanism, which is the joint independent accountability mechanism of the Dutch Development Bank (FMO) and the German Investment Corporation (KfW) . A complaint can be filed in writing, by email, post, or online. The complaint can be filed in English or any other language of the complainant. The Independent Complaints Mechanism is comprised of a three-member Independent Expert Panel and it can provide either problem-solving, compliance review or both, in either order. Additional information about this accountability mechanism, including a guide and template for filing a complaint, can be found at: https://www.fmo.nl/independent-complaints-mechanism