The BioCarbon Fund is a World Bank initiative that will provide carbon finance for projects that sequester or conserve greenhouse gases in forests, agro- and other ecosystems. The Fund is designed to ensure that developing countries, including some of the poorest countries, have an opportunity to benefit from carbon finance in forestry, agriculture and land management. The Fund will help reduce poverty and protect biodiversity while reducing greenhouse gases in the atmosphere. The BioCarbon Fund proposes to use the successful Prototype Carbon Fund and Community Development Carbon Fund models to expand the reach of carbon finance to ecosystem and land management projects.