On the sidelines of the 2013 UN climate meeting, Norway, the United Kingdom, and the US together committed US$280 million for the Bank to set up the “Initiative for Sustainable Forest Landscapes” (ISFL) as part of its already existing BioCarbon Fund. The BioCarbon Fund is a “publicprivate partnership”, housed in the World Bank; it was the first carbon fund to implement carbon offset projects in the forest and agriculture sector.