'BioCarbon Fund Initiative for Sustain-able Forest Landscapes' is managed by the
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UPSC Civil Services preparation
- AAsian Development Bank
- BInternational Monetary Fund
- CUnited Nations Environment Programme
- DWorld BankCorrect
Explanation
The 'BioCarbon Fund Initiative for Sustainable Forest Landscapes' (ISFL) is a multilateral fund that promotes reduced greenhouse gas emissions from the land sector, including from deforestation and forest degradation, while supporting sustainable agriculture and smarter land-use planning. This initiative is managed by the World Bank. The World Bank plays a significant role in various climate change and environmental financing initiatives, and the BioCarbon Fund is one such example aimed at incentivizing land-use management that sequesters carbon and supports sustainable development.

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