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.
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.
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*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