The Forest Carbon Partnership Facility (FCPF) 2025 Annual Report highlights a year of strong progress in results-based climate finance and in helping countries prepare for the next phase of high-integrity carbon markets.

In FY25, five countries — Chile, Costa Rica, Côte d’Ivoire, the Democratic Republic of Congo, and Lao PDR — received payments for verified emission reductions totaling 14.6 million tons of CO₂ equivalent. Three of these countries — Costa Rica, Côte d’Ivoire, and the DRC — also issued a combined 11.3 million additional emission reductions that can be monetized on carbon markets, with Costa Rica completing the first-ever sale of FCPF credits to an private buyer through the LEAF Coalition.

Beyond carbon, the report highlights how countries are translating results into local development outcomes. In Côte d’Ivoire, carbon payments have supported more than 14,000 smallholder farmers and helped expand access to legal identification. In Viet Nam, over 70 percent of benefit-sharing recipients are members of ethnic minority communities. And in Madagascar, beneficiaries have chosen to invest carbon finance in teacher salaries, supporting both livelihoods and human capital.

The year also marked important steps toward transition. Countries are now building the legal and institutional capacity to sustain REDD+ programs and market participation beyond the FCPF. Costa Rica, Côte d’Ivoire, Madagascar, and the DRC are developing transition pathways with support from the World Bank, while lessons from FCPF are being scaled through the SCALE partnership, the World Bank’s next-generation platform for high-integrity, results-based climate finance.

Click here to read the full report: FCPF 2025 Annual Report
Learn more: www.forestcarbonpartnership.org