FCPF Carbon Fund - Operating Arrangements under the Carbon Finance Mechanism Issues Note

The current Issues Note highlights technical aspects of the Carbon Fund. This note is based on the original Information Memorandum of the FCPF that was discussed in the design phase of the FCPF in 2007-2008.2 Each section of this Issues Note corresponds to a section of the original Information Memorandum, which it amplifies or clarifies.
The bulk of this Issues Note was discussed during the design phase of the FCPF in 2006-2008, and reflects inputs from meetings of entities interested in the Carbon Fund (in Washington, London, Frankfurt, Bonn and Cancun) held over the course of 2009-2010, in Participants Committee meetings (PC4, PC5, PC6 and PC7), and exchanges with Indigenous Peoples and civil society in Washington and Accra. This Issues Note also takes into account the Cancun Agreements, specifically the outcome of the work of the Ad Hoc Working Group on long-term Cooperative Action under the UNFCCC, as presented in Cancun in December 2010.