Value Proposition of Forest Conservation Certificate
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TRANSPARENCY & DISCLOSURE IN RFF REGISTRY
- Applications received
- Projects approved (Registered Projects)
- The progress and results of the verification and certification
- All information on disbursement and project progress
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3rd PARTY VERIFICATION & CERTIFICATION
- Verification is the assessment of the project by an Approved VB
- FCC for registration & FCC for progress/ completion
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TAILORED FUNDING TO SUPPORT STATE GOVT.
- Administration & Project support staff
- Project Activities, Materials and equipment
- Monitoring and evaluation
- Publishing/Documentation
- Vehicles & Infrastructure
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ACCOUNTABILITY & SEPARATE ACCOUNTING
- Annual Report – MFF shall maintain a separate financial statement of accounts
- Independent evaluations report – assess the effectiveness of the Fund’s projects
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INCLUDE ECOSYSTEM SERVICES
- Recognizing co-benefits including biodiversity or conservation
![fcc-icon-tax fcc-icon-tax](https://myforestfund.com.my/wp-content/uploads/2024/07/fcc-icon-tax-65x65.png)
TAX INCENTIVE
- Tax deductions of up to 10% of aggregate income under the 44 (11c), Income Tax Act
Forest Conservation Certificate
The Forest Conservation Certificate is a non-market financial instrument aimed at financing conservation and sustainable forest initiatives, integrating environmental stewardship and sustainable finance.
It is designed to meet domestic demand with the goal of ensuring transparency, accountability, robust safeguards, multiple output indicator and co-benefits generated from the maintenance or enhancement of forest ecosystems.
Participation to FCC is on VOLUNTARY basis and can be implemented at various scales such as site-specific, forest complex and others.
- FCC Features
- Eligible Activities Under FCC
- Who Can Participate In FCC?
- Benefit Of Forest Conservation Certificate
All activities supporting conservation and sustainable forest management including those covered under the scope of REDD Plus, as defined by UNFCCC decisions embodied under the Warsaw Framework for REDD Plus as well as the National REDD Plus Strategy under the FCC Protocol.
1. Proponent
- Federal government/ Ministries and related agencies
- State Government and agencies
- Land Owners or entities with a clear legal title to the land or public land
- Non-government or private entities with written approval from the state government allowing them to apply for and hold a certificate under the FCC protocol for conservation activities on the specific area of public land
2. Donor
- Local or international entities* such as companies, businesses, societies or individual (s)
3. Donor & Proponent
- Donor and Proponent shall agree to be listed on the publicly available registry, which is a central repository for all information and documentation relating to REDD Plus Finance Framework
FCC acknowledges the contribution of activities towards generating benefits to the biodiversity, community and climate
Biodiversity Indicator
- Protect and monitor wildlife
- Protect keystone species
- Protect endangered or threatened species.
- Protect endemic species.
- Prevention of poaching & illegal wildlife trade
- Protect water catchment areas
- Combating bio-piracy under the Access to Biology Resources and Benefit Sharing Act 2017 (Act 795)
- Enhancement of livelihoods
- Other biodiversity benefits
Socio-Economic Indicators
- Preservation of traditional livelihoods and culture
- Protection of culturally and/or historically significant sites
- Increase income generation (non-timber forest products/non-deforestation)
- Diversification of employment opportunities and sustainable use of forests
- Long-term community access to forest resources
- Enhanced food security and enhanced access to clean water
- Promote green tourism
- Other socio-economic benefits
Sustainable Development Goals (SDGs) Indicators
SDG 13 – Climate Change
- Strengthen resilience and adaptive capacity to climate related hazards and natural disasters
- Integrate climate change measures into strategies and planning
- Improve education, awareness raising and human and institutional capacity on climate change mitigation, adaptation, impact reduction and early warning.
SDG 15 – Life on Land
- Conserve and restore terrestrial and freshwater ecosystems
- Reduce deforestation and restore degraded forests
- Protect biodiversity and natural habitats
- Eliminate poaching and trafficking of protected species
- Prevent invasive alien species on land and in water ecosystems.
- Increase financial resources to conserve and sustainably use ecosystem and biodiversity
- Finance and incentivize sustainable forest management