Discuss in brief: International Forest Carbon Initiative

The International Forest Carbon Initiative is a key part of Australia's international leadership on reducing emissions from deforestation. The initiative is expected to support international efforts to reduce deforestation through the United Nations Framework Convention on Climate Change (UNFCCC). It aims to demonstrate that reducing emissions from deforestation and forest degradation can be part of an equitable and effective international agreement on climate change. A central element is the initiative's focus on developing practical demonstration, particularly in Indonesia and Papua New Guinea. Australia's International Forest Carbon Initiative supported global efforts to establish a REDD+ mechanism under the UNFCCC. Jointly administered by the Australian Department of Climate Change and Energy Efficiency and AusAID, the Initiative enabled Australia to work closely with developing countries to find practical ways to reduce forest emissions.