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Forest Carbon Partnership Facility Launched At Bali Climate Meeting

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BALI, INDONESIA [HIGH-RES]
December 12, 2007 - World Bank Group President Robert B. Zoellick (4th from l.) launched a groundbreaking financing mechanism today to combat tropical deforestation and climate change. The Forest Carbon Partnership Facility (FCPF) was developed because forests are more important left standing than cut.

"This initiative is a practical pilot to expand the tools for Climate Change negotiations," said World Bank President Zoellick.

+ Press Release| Website

© World Bank

BALI, INDONESIA [HIGH-RES]
December 12, 2007 - World Bank Group President Robert B. Zoellick.
"The Forest Carbon Partnership Facility signals that the world cares about the global value of forests and is ready to pay for it. This can change the economic options for many people who depend on the forests for their livelihoods. There is now a value to conserving, not just harvesting the forest."

Photo: © World Bank

BALI, INDONESIA [HIGH-RES]
December 12, 2007 - World Bank Group President Robert B. Zoellick (l.) speaks with United National Framework Convention on Climate Change (UNFCCC) Executive Secretary Ivo de Boer (r.).

Photo: © World Bank




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