UPSC Prelims 2015·GS1·economy·economic sectors and development

'BioCarbon Fund Initiative for Sustain-able Forest Landscapes' is managed by the

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Last updated 23 May 2026, 3:31 pm IST
  1. AAsian Development Bank
  2. BInternational Monetary Fund
  3. CUnited Nations Environment Programme
  4. 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.
economy: 'BioCarbon Fund Initiative for Sustain-able Forest Landscapes' is managed by the

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